The Rs 27,870 crore initial public offer (IPO) of Hyundai India, which opened for subscription on Tuesday, was subscribed 20% so far on the second day of the bidding process. The issue received nearly 1.98 crore consolidated share bids versus 9,97,69,810 shares available for subscription. Retail investors led the way, subscribing to the issue by … Read more
Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors ahead of the marquee IPO opening on Tuesday. The shares were allotted at Rs 1,960 per share, which is the upper end of the price band. In the anchor book, around 21 domestic mutual funds through a total of 83 schemes subscribed to the … Read more
The primary market will see its biggest offering till date from Hyundai Motor India next week as the automaker is planning to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs from Lakshya Powertech and Freshara Agro will also open for subscription next week. Further, the Street will also … Read more
Hemang Jani, Independent Market Expert, says here are a few stocks that stand out in the bull market and they become the leaders and everybody wants to chase it. Trent is one of them and despite the high valuation, one should continue to participate. It would be very difficult for new investors to invest at … Read more
Hyundai Motor India Ltd.’s plan for one of India’s largest share sales may further boost valuations for the nation’s already-buzzing automakers. The listing may value the South Korean carmaker’s Indian unit at $25 billion, Bloomberg News reported previously. That would make it the nation’s fourth biggest automaker by market value, a milestone analysts say bodes … Read more