The Hyundai Motor India IPO, which aims to raise ₹27,870 crore through a book-built issue, has been subscribed 90% as of the third day morning.
Hyundai's IPO, running from October 15 to 17, offers 14.22 crore shares from its South Korean parent, Hyundai Motor Company. Retail investors have subscribed to 40%, while non-institutional investors reached 27%, and qualified institutional buyers (QIBs) subscribed to 58%. Despite a slow start with only 18% booked on Day 1, experts believe the IPO could pick up on its final day.