Mumbai: Hyundai Motor India‘s ₹27,870 crore initial public offering (IPO) – India’s largest-ever – was subscribed 0.18 times on Tuesday, the opening day of the public issue. The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.13 times, while the retail investor portion saw a subscription of 0.26 times. The portion reserved for the … 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
The marquee IPO of Hyundai Motor India, which will be this country’s biggest public offering, could attract significant global interest and with it an influx of foreign capital. This might trigger a sector-wide re-rating for the auto industry, according to analysts. The Rs 27,870 crore IPO from Hyundai is the first from the major auto … Read more
July sales figures show there is light at the end of the tunnel for the auto sector as also the ailing economy in the midst of the uncertainty over the Covid pandemic. While Mahindra & Mahindra’s farm equipment sector notched up the highest ever tractor sales for the month, showing good cash flows to farmers … Read more