Hyundai Motor IPO India Subscription Status Highlights: The Hyundai Motor IPO will be listing on the bourses on October 22. The company’s shares were attracting a premium of almost 4% in the unofficial market against a discount a few days ago. The issue was subscribed 2.37 times overall by the close of bidding on October 17, 2024 (Day 3). In detail, the retail category saw a 0.50-time subscription, the Qualified Institutional Buyers (QIB) segment was subscribed 6.97 times, and the Non-Institutional Investors (NII) category saw a 0.60-time subscription.
The IPO involved a public issue of 141,416,300 equity shares, with 49,495,705 shares allocated to retail investors, 28,283,260 shares to QIBs, and 21,212,445 shares for non-institutional investors.
Hyundai Motors India IPO Live Updates: Check Hyundai IPO Price, GMP, Allotment Status, Reviews Live
Qualified Institutional Buyers (QIBs) were allocated 2,82,83,260 shares, which represents 28.35% of the total shares available. Non-Institutional Investors (NIIs) received 2,12,12,445 shares, accounting for 21.26%. Within the NII category, Small Non-Institutional Investors (SNIIs) bidding below Rs 10 lakh were allotted 70,70,815 shares, or 7.09%, while Big Non-Institutional Investors (BNIIs) bidding above Rs 10 lakh received 1,41,41,630 shares, constituting 14.17%. Retail Individual Investors (RIIs) led the allocation with 4,94,95,705 shares, making up 49.61% of the total. Additionally, the Employees Quota was allocated 7,78,400 shares, which is 0.78% of the total.
Investors can check their allotment status by visiting the Kfin Technologies website.
Hyundai Motor’s IPO includes a total of 14,21,94,700 shares available for subscription. The allocation is as follows: 2,82,83,260 shares (19.89%) are reserved for Qualified Institutional Buyers (QIBs), 2,12,12,445 shares (14.92%) for Non-Institutional Investors (NIIs), 4,94,95,705 shares (34.81%) for Retail Individual Investors (RIIs), 7,78,400 shares (0.55%) for employees, and 4,24,24,890 shares (29.84%) for Anchor Investors.
Kotak Mahindra Capital Company is leading the way as the primary book manager for the upcoming IPO, collaborating with four notable investment banking firms: Citigroup Global Markets India, HSBC Securities & Capital Markets, J.P. Morgan India, and Morgan Stanley India Company. Additionally, Kfin Technologies has been designated as the registrar for the issue.
Qualified Institutional Buyers (QIBs)
Qualified Institutional Buyers (QIBs) include financial institutions, banks, foreign institutional investors (FIIs), and mutual funds that are registered with SEBI. Generally, QIBs represent small investors who invest through mutual funds, ULIP schemes offered by insurance companies, and pension schemes.
Non-Institutional Investors (NIIs)
Non-Institutional Investors (NIIs) comprise retail individual investors (HNI), Non-Resident Indians (NRIs), companies, trusts, and others who bid for shares worth more than Rs 2 lakhs. Unlike QIBs, NIIs are not required to have SEBI registration.
The subscription details for the Hyundai Motor India Ltd (HMIL) IPO, which was open for public bidding from October 15 to October 17, 2024, reflect robust interest in the offering. On Day 3, demand surged notably, especially among Qualified Institutional Buyers (QIBs), who subscribed at a remarkable 6.97 times. Non-Institutional Investors (NIIs) followed with a subscription rate of 0.60, Retail investors at 0.50, and Employees at 1.74. This strong participation resulted in an overall subscription of 2.37 times.
On the second day, participation increased, with Qualified Institutional Buyers (QIBs) subscribing at 0.58, Non-Institutional Investors (NIIs) at 0.26, Retail investors at 0.38, and Employees at 1.31, resulting in a total subscription rate of 0.42 times.
The subscription details for the Hyundai Motor India Ltd (HMIL) IPO, which was open for public bidding from October 15 to October 17, 2024, reflect robust interest in the offering. On Day 1, however, the subscription rates were relatively low, with Qualified Institutional Buyers (QIBs) at 0.05, Non-Institutional Investors (NIIs) at 0.13, Retail investors at 0.27, and Employees at 0.81, culminating in a total subscription of 0.18 times.