Hyundai Motor India's initial public offering (IPO) has made a slow start, achieving only 18% overall subscription on its first day.
As of October 15, retail investors have shown moderate interest, booking 26% of their portion with bids for 1.3 crore shares against 4.94 crore shares available. Non-institutional investors have bid for 13% of their share, with 27.66 lakh shares requested out of 2.12 crore shares. Employees displayed remarkable enthusiasm, subscribing 80% of their portion with 6.19 lakh shares out of 7.78 lakh. Qualified institutional buyers (QIBs) have subscribed only 5%.