Hyundai Motor IPO Day 2: Subscription update, issue price, lot size, listing date, other key things to know

Hyundai Motor IPO Subscription Update: Hyundai Motor India's much-anticipated initial public offer (IPO), estimated to be worth Rs 27,870 crore, was subscribed 42 per cent on Wednesday, October 16, the second day of the bidding process. Under the IPO, Hyundai Motor India shares are available for bidding in a price band of Rs 1,865-1,960 apiece in multiples of seven shares, which translates to Rs 13,055-13,720 per lot.

As the Hyundai Motor IPO enters the second day of its three-day subscription window, here is everything market participants need to know about the share sale. 

Here are key things to know about the mega Hyundai Motor India IPO: 

Hyundai Motor Subscription Update

On Wednesday, the IPO received total bids for 4.2 crore shares as against the almost 10 crore shares on offer across various categories, translating to an overall subscription of about 42 per cent, according to provisional exchange data. 

Day 1

Hyundai Motor IPO | What market guru Anil Singhvi suggests   

Zee Business Managing Editor Anil Singhvi suggests avoiding the IPO and considering buying only after the listing of shares. Only high risk-taking investors can apply for the Hyundai Motor IPO from a "very long term" perspective spanning a minimum 2-3 years, according to the market wizard. Also, such investors should be "ready to see lower prices at listing", said Singhvi. 

Read more on how Anil Singhvi views this IPO

What makes Hyundai Motor IPO special?

The issue is the largest IPO of all time in India. The IPO of Hyundai Motor, the Indian arm of South Korean auto manufacturer Hyundai, comes in a bumper year for the primary market on Dalal Street characterised by more than 250 issues with more than Rs 75,000 crore raised, much higher than in 2023. It marks Hyundai's first listing outside of South Korea.

Hyundai Motor Anchor Investors

Ahead of the IPO, Hyundai Motor India raised a sum of Rs 8,315 crore from anchor investors including New World Fund, Government of Singapore, Fidelity Funds and BlackRock Global Funds and SBI Life Insurance Company. Read more on Hyundai Motor anchor investors

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