Hyundai Motor India IPO allotment In the present day, Friday, October 18, 2024, is the day for the allocation of shares within the Hyundai Motor India preliminary public providing (IPO). A decent variety of buyers participated within the Hyundai Motor India IPO’s three-day subscription window, which ended yesterday.
With loads measurement of seven shares and a worth vary of Rs 1865-1960, Hyundai Motor India’s public providing was oversubscribed 2.37 instances by the deadline for subscriptions. Bids totaled 23,63,27,903 shares, in comparison with 9,97,69,810 shares issued.
Hyundai Motor India IPO remaining subscription standing:
With a subscription price of 6.97 instances, certified institutional consumers (QIBs) made the biggest bids for the Hyundai Motor India IPO, adopted by non-institutional buyers (NIIs) at 60%. By the final day of subscription, 50% of the half put aside for retail buyers had been subscribed.
Moreover, the employee-only restrict has been totally subscribed to 1.74 instances.
Standing of Hyundai Motor India’s IPO allocation:
In the present day is the deliberate day for the allocation of Hyundai Motor India’s shares. Traders can go to the official web sites of the BSE, NSE, or Kfin Applied sciences, the difficulty registrar, to confirm the allotment standing after it has been finalized. As a substitute, buyers can straight verify the allotment standing by clicking on the URLs beneath:
- Go to the BSE to view the Hyundai Motor India IPO allotment standing: https://www.bseindia.com/buyers/appli_check.aspx
- Verify Hyundai Motor India IPO allotment standing on Kfin Applied sciences: https://ipostatus.kfintech.com/
- Verify Hyundai Motor India IPO allotment standing on NSE: https://www.nseindia.com/merchandise/dynaContent/equities/ipos/ipo_login.jsp
Hyundai Motor India IPO GMP standing:
The unlisted shares of the South Korean automaker’s Indian subsidiary proceed to see a drop within the gray market premium (GMP). Based on sources monitoring grey market exercise, the corporate’s shares are at present buying and selling at a reduction of about Rs 30 in comparison with the higher finish of the IPO worth of Rs 1,960, suggesting a GMP of -2 p.c.
Nevertheless, sources monitoring gray market exercise point out that the GMP for the Hyundai Motor India IPO in the present day is way decrease than the Rs 147 reported on October 9, when Hyundai Motor printed its worth band.
Hyundai Motor India anticipated itemizing worth
On Tuesday, October 22, 2024, Hyundai Motor India’s shares are anticipated to go public on the BSE and NSE. Hyundai Motor India shares could file a weak itemizing or listing at roughly Rs 1,930, a drop of solely Rs 30 or 2% from the higher band of the difficulty worth, if the present gray market patterns proceed.
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