Hyundai India’s IPO saw 42% subscription on the second day of bidding. The company received bids for 4.17 crore shares out of the 9.97 crore shares offered.
Retail investors subscribed to 38%, while non-institutional investors subscribed 26%. Qualified institutional buyers (QIBs) contributed 58% of the subscriptions. The employee quota was fully booked at 1.31 times. Hyundai India raised Rs 8,315 crore from anchor investors earlier, making this Rs 27,870 crore IPO the largest in India, surpassing LIC’s Rs 21,000 crore offering. Allotment is set for October 18, with listing on October 22.