Subscription to the initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) was just 2.37 times, with retail and high net worth individuals (HNIs) staying largely indifferent to the country's biggest ever maiden share sale.
The IPO received bids for 236 million shares, worth ₹46,320 crore, as against 99.77 million on offer. Over 80 per cent of the bids came from qualified institutional buyers (QIBs), with the quota reserved for them getting seven times more demand than the shares on offer.
Within the QIB segment, close to 60 per cent of the bids, worth ₹22,540 crore, came from overseas investors.
Meanwhile, the retail and HNI quotas remained undersubscribed at 60 per cent and 50 per cent, respectively. The portion reserved for employees garnered 1.7 times subscription owing to a discount of ₹186 per share offered to them.
Diese Geschichte stammt aus der October 18, 2024-Ausgabe von Business Standard.
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