Hyundai IPO, India's biggest, gets $5.5 bln in bids despite subdued retail interest
A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades.
In the 1970s, New Delhi forced multinationals to cut stakes in local units. Now they're doing it willingly, which may have a ...
The IPO could sail through as the subscription details showed robust institutional demand, with the qualified institutional buyer (QIB) segment bidding for 6.97 times the shares on offer.
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Hyundai IPO oversubscribed as institutional investors weigh in"Hyundai IPO oversubscribed as institutional investors weigh in" was originally created and published by Just Auto, a ...
Hyundai India's $3.3 billion IPO was subscribed in 42% on the second day of bidding on Wednesday, led mostly by employees, ...
The maiden share sale by the Indian arm of South Korean automaker Hyundai is the largest IPO in the country, surpassing LIC's ...
Hyundai Motor India IPO, the largest in India for 2024, faced low retail interest, with only 50% of its portion subscribed.
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