CosmicTaco

Hyundai's Record-Breaking IPO Fully Subscribed

CosmicTaco · 2024-10-18T15:57:35.823443+05:30

- **Hyundai Motor India's** ₹27,870 crore IPO, the largest-ever in India, was fully subscribed. - The IPO was oversubscribed **2.4 times**, driven by **institutional investors**. - Retail investors showed a milder response with only **50% subscription**. - The IPO marks the first by an automaker in India in over two decades. - Hyundai raised **₹8,315 crore** from anchor investors on the first day. Source: [The Times Of India](https://timesofindia.indiatimes.com/business/india-business/institutions-save-the-day-for-hyundai-ipo/articleshow/114331976.cms), [The Economic Times](https://economictimes.indiatimes.com/markets/ipos/fpos/institutional-demand-helps-hyundai-cross-the-ipo-line/articleshow/114331189.cms)

Hyundai Motor India's ₹27,870 crore IPO, the largest-ever in India, was fully subscribed.
The IPO was oversubscribed 2.4 times, driven by institutional investors.
Retail investors showed a milder response with only 50% subscription.
The IPO marks the first by an automaker in India in over two decades.
Hyundai raised ₹8,315 crore from anchor investors on the first day.

Source: The Times Of India, The Economic Times