Hyundai India IPO closed the issue with a total subscription of 2.37 times. The qualitative institutional investors saved the issue on the last day by subscribing to it almost 7 times. The retailers booked the issue 0.5 times. The IPO was closed on October 17. The share allotment will be finalised by the registrar on October 18. Here’s a step-by-step guide to check the allotment status:
Step 1
Open a search tab in a web browser. Go to the website of the registrar. Here, Kfin Technologies is working as the registrar.
Step 2
Now, hover over the ‘Products’ button and wait for a drop-down. After that, in the investors section, you’ll find IPO Allotment Status. Click on it, which will redirect you to a new tab.
Step 3
Choose any one link from the provided five links.
Step 4
Fill in your details: company’s name, account number/ D’mat account/ PAN number, and captcha number.
Step 5
Hit the submit button and a screen will appear with the status of allotment.
Listing
The listing of Hyundai India shares will likely take place on October 22 on NSE and BSE, as per the tentative schedule.
Hyundai Motor India IPO Details
The company opened the IPO on October 16 aiming to raise Rs 27,870 crore from investors. The issue sold 14.22 crore of promoter shares. The company’s IPO price band ranged from Rs 1865 to Rs1960 per equity share.
Minimum Investment
The minimum investment for a retail application was at least one lot of 7 shares, amounting to Rs 13,720. The minimum lot size investment for small NIIs was 15 lots of 105 shares and for big NIIs, it was 73 lots of 511 shares.
BRLMs
Kotak Mahindra Capital Company, Citigroup Global Markets India, HSBC Securities & Capital Markets, J.P. Morgan India, and Morgan Stanley India Company were the book-running lead managers of the Hyundai Motor IPO, while Kfin Technologies was the registrar for the issue.
