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Hyundai shares have had a slow start in the stock market. After listing, there is a decline in its shares. On Tuesday, Hyundai Motors shares were listed at 1 percent discount. The passenger vehicle manufacturing company is listed on BSE at Rs. Which was listed at Rs 1,931. Rs 1,960, down 1.48 percent from the issue price. Similarly, Hyundai shares on NSE traded at Rs. 1,934, which was 1.33 percent less than the issue price.
Hyundai IPO hints at flat listing in gray market before listing
After listing, at 10.30 am Hyundai shares were down 4.80 per cent at Rs. Was trading at 1,865. Retail investors paid Rs.100 per lot for one lot of Hyundai. An investment of Rs 13,720 was to be made, in which there were 7 shares. After listing each share at Rs. There has been a decrease of 95. In such a situation, the investors who get the lot have to suffer a loss of Rs 665. The listing of shares of Hyundai Motors India Limited has been as expected. Before the listing, Hyundai IPO had indicated a flat listing in the gray market. For some time it was also seen trading at a discount. However, before this IPO shows a premium of Rs 20 to 25 per share.
Hyundai IPO Price Band
Chennai-based Hyundai Motor India's price per share band is Rs. Was 1,865-1,960. Investors can apply for a minimum of seven shares.
The biggest IPO in the Indian market
This is the largest IPO in the Indian stock market, which opened on 15 October. The size of this IPO is Rs. 27,870.16 crores. Earlier, government insurance company LIC had launched the biggest IPO. LIC IPO size Rs. 21,000 crores. Through this issue, Hyundai Motors India has raised Rs. 142,194,700 shares with a face value of Rs 10 were offered for sale.
Who subscribed how many?
The allotment for retail investors was subscribed 0.50 times, while the portion reserved for non-institutional investors (NIIs) was subscribed 0.60 times. The allocation for employees was booked 1.74 times. However, qualified institutional bidders (QIBs) were subscribed 6.97 times.