AUTO MAJOR HYUNDAI Motor India made history on October 17, 2024, by successfully completing the country’s largest-ever initial public offering (IPO) worth ₹27,856 crore in the primary market, thanks to strong bidding from institutional investors on the final day of the IPO. The three-day public offering concluded with 2.37 times oversubscription. The IPO attracted bids for 236 million shares against 99.77 million shares on offer. Notably, 83.46% of the bids came from qualified institutional buyers, with their reserved quota being subscribed 6.97 times. In that, 58% of the bids—totalling ₹22,540 crore—came from overseas investors.
This story is from the November 10, 2024 edition of Business Today India.
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This story is from the November 10, 2024 edition of Business Today India.
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