Hyundai Motor India shares to debut in secondary market soon: Key things to know
Hyundai Motor Listing Date: Hyundai Motor India shares are set to debut on stock exchanges BSE and NSE this week after the auto maker's mega Rs 27,870-crore IPO concluded with an overall subscription of 2.4 times on October 17. As market participants await the listing of Hyundai Motor India shares on Tuesday, October 22, here's everything to know about this development.
Hyundai Motor India shares are poised to make their highly anticipated debut on stock exchanges BSE and NSE this week, following the successful conclusion of the company's mega initial public offering (IPO). The Rs 27,870-crore IPO, the largest offering in the country's primary market and the first from the auto space in more than 20 years, garnered an impressive overall subscription of 2.4 times in a three-day bidding process that concluded on October 17.
As market participants eagerly await the listing of Hyundai Motor India shares on Tuesday, October 22, excitement builds around the potential impact on the automotive sector and the broader market.
Hyundai Motor India Listing Soon
As market participants eagerly await the listing of Hyundai Motor India shares on Tuesday, October 22, excitement builds around the potential impact on the automotive sector and the broader market.
Hyundai Motor India shares likely to be listed on Tuesday
Hyundai Motor India shares are likely to enter the listed space tentatively on October 22.
The IPO's oversubscription indicates strong investor confidence in Hyundai Motor India's growth prospects, driven by its well-established brand presence, diverse product portfolio, and expanding manufacturing capabilities.
Hyundai Motor India's IPO is the first from India's auto space in over 20 years
With its listing, Hyundai Motor India will join the ranks of other prominent automotive players on Indian bourses, providing investors with an opportunity to participate in the company's future growth.
Hyundai Motor India Listing
Market analysts will closely monitor the stock's performance, assessing factors such as valuation, competitive landscape, and future growth drivers.
Hyundai Motor India IPO Subscription
The Hyundai Motor India IPO, which opened for subscription from October 15 to October 17, received bids for 23.6 crore shares against the almost 10 crore shares on offer across investor categories, according to provisional exchange data.
That marked a subscription of 2.4 times the shares on offer after the anchor allotment.
Hyundai Motor India IPO Subscription Data
The portions reserved for qualified institutional buyers (QIBs) and non-institutional investors (NIIs) saw booking of almost 7 times and 60 per cent respectively, according to exchange data.
Hyundai Motor India IPO Subscription Data
The portions set aside for retail investors and the auto maker's employees were booked 50 per cent and 1.7 times respectively, according to the data.
How Market Guru Anil Singhvi Viewed Hyundai Motor India IPO
Zee Business Managing Editor Anil Singhvi noted that Hyundai Motor India's IPO was the only large public offer to conclude with an undersubscription in the retail portion.
Hyundai Motor India IPO
Market wizard Anil Singhvi had advised caution on the IPO, recommending investors wait for the stock's listing before considering a purchase.
Anil Singhvi's Views on Hyundai Motor India
According to market expert Anil Singhvi, who had suggested only high risk-raking investors with a horizon of at least 2-3 years to consider applying for the IPO, cautioned investors that the listing price may be lower than the issue price.
What Anil Singhvi Thinks of Big IPOs
The market wizard believes that it is difficult to make money in big IPOs on listing and in the short term.