look news india
New Delhi, 15 October (Hindustan Reporter). Hyundai Motor India's IPO, the biggest ever in the history of the domestic stock market, opened for subscription today. However, till 5 pm this IPO could get only 18 percent subscription. Hyundai Motor's IPO will be open for subscription till October 17. Hyundai Motor India wants to raise Rs 27,870.16 through this IPO.
According to the information received in this regard, only 5 percent subscription has come in the reserve portion for Qualified Institutional Buyers (QIB) till 5 pm. Similarly, the reserve portion for Non-Institutional Investors (NII) has been subscribed by 13 percent. Whereas the reserve portion for retail investors has been subscribed 26 percent. The maximum subscription has come in the reserved portion for the employees of Hyundai Motor India. So far, 80 percent subscription has been received in the reserved portion for employees.
Under the IPO, the company has fixed the price band of the issue at Rs 1,865 to Rs 1,960. After the closing of the IPO on October 17, the allotment of shares will be done on October 18. After this, Hyundai Motor India shares will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 22 October.