hyundai motor india ipo

Hyundai India IPO subscribed 20% on Day 2 so far. GMP rises to 3%. Check details

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Hyundai India IPO subscribed 20% on Day 2 so far. GMP rises to 3%. Check details

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 India IPO could trigger a sector-wide positive re-rating for auto stocks

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Hyundai India IPO could trigger a sector-wide positive re-rating for auto stocks

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