Get the latest updates on the Hyundai India IPO subscription status, retail portion bookings, GMP, and insights into share price expectations. This is the biggest IPO in the history of India so far. Be ready to grab your first share.
Introduction
The Hyundai India IPO is making waves in the stock market as it enters its second day of subscription. With growing investor interest, the automotive giant aims to leverage its market position to raise substantial capital for expansion. This article delves into the current subscription status, Grey Market Premium (GMP), and what this means for potential investors.
Hyundai Motor India’s initial public offering (IPO) received 42% subscription on the second day of bidding on October 16. According to NSE data, the Indian arm of South Korean automaker Hyundai received bids for 4.17 crore shares vs 9.97 crore shares on offer as of 3 PM.
When
The Hyundai India IPO opened for subscription on 15 October 2024 and is set to close on 18 October 2024. The excitement surrounding the offering has only intensified as the initial days of subscription unfold.
Where
The IPO is being listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), providing investors nationwide with the opportunity to participate. This dual listing amplifies accessibility, encouraging a broader investor base.
How
Investors can apply for the Hyundai India IPO through their brokerage accounts. This process involves filling out the application form and submitting it with the required funds, either through net banking or by using the ASBA (Applications Supported by Blocked Amount) facility provided by banks.
Alternatevely, you can click here: Kite App by Zerodha to Open a Demat account or
You can click here: Mstock App by Mirae Asset to Open a Demat account at 999
Why
Hyundai India seeks to raise funds to finance its expansion plans, enhance production capabilities, and invest in innovative technologies. The automotive sector is undergoing a significant transformation, particularly with the rise of electric vehicles (EVs), making this IPO a crucial step in Hyundai’s strategy to fortify its position in the market.
Subscription Status
As of Day 2, the subscription figures have been encouraging. The retail portion, which often reflects the sentiment of individual investors, has seen substantial interest. Reports indicate that it is oversubscribed by 42%, indicating a strong demand for Hyundai’s shares among retail investors.
Retail individual investors (RIIs) subscribed 38% of the Rs 27,870 crore inaugural share sale, while non-institutional investors subscribed 26%. The quota for qualified institutional buyers (QIBs) received a 58 percent subscription.
The employee section of the issue has been fully booked at 1.31 times subscription.
On Monday, the business raised Rs 8,315 crore from anchor investors. This is the largest IPO in the country, exceeding the LIC’s inaugural share sale.
Hyundai’s strong brand equity and the growing demand for its vehicles in the Indian market are key factors behind this robust interest. The company’s commitment to sustainability and innovation, especially in the EV segment, adds to its attractiveness as an investment option.
Editor’s Opinion
The Hyundai India IPO stands out in a market filled with numerous public offerings. The overwhelming response from the retail segment demonstrates confidence in Hyundai’s growth trajectory. With the Indian automotive sector on the cusp of a transformation, driven by technological advancements and shifting consumer preferences, Hyundai is well-positioned to capitalize on these trends.
Investors should consider Hyundai’s financial performance, market positioning, and future growth plans when evaluating this IPO. While the initial subscription numbers are promising, it’s essential to conduct thorough research and align investments with personal financial goals.
FAQs
1. What is the current subscription status of the Hyundai India IPO?
As of Day 2, the retail portion of the Hyundai India IPO is heavily oversubscribed, reflecting strong investor demand.
2. What does GMP mean in the context of an IPO?
GMP stands for Grey Market Premium, which is the unofficial trading price of IPO shares before they are listed. It provides insight into market sentiment.
3. How can I apply for the Hyundai India IPO?
You can apply for the IPO through your brokerage platform or by using the ASBA facility offered by your banks or Discount Brokers
Alternately, you can click here: Kite App by Zerodha to Open a Demat account or
You can click here: Mstock App by Mirae Asset to Open a Demat account at 999
4. What should I consider before investing in the Hyundai India IPO?
Evaluate the company’s financial health, growth prospects, competitive landscape, and your own investment goals before making a decision.
5. When is the Hyundai India IPO expected to be listed?
The expected listing date for the Hyundai India IPO is 22 October 2024, pending regulatory approvals.
As the Hyundai India IPO continues to unfold, investors should stay informed and consider their options carefully. This offering could be a significant milestone in the company’s journey, and understanding the details can help investors make well-informed decisions.
