AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Hyundai Motor India IPO finally got 2.37 times total subscribers, know the whole thing –

by Aaryan Srivastav
October 17, 2024
Hyundai Motor India IPO finally got 2.37 times total subscribers, know the whole thing - India TV Hindi

Photo:FILE The market valuation of the company is approximately Rs 1.6 lakh crore (approximately USD 19 billion).

Hyundai Motor India Limited’s initial public offering (IPO) received 2.37 times subscription on the last day on Thursday. This offer could get so much support with the help of institutional buyers on the third day of bidding. It is the country’s largest IPO, surpassing LIC’s Rs 21,000 crore initial share sale. The initial share sale worth Rs 27,870 crore received bids for 23,63,26,937 shares against the offer of 9,97,69,810 shares, according to NSE data.

Who subscribed how many?

According to the news, the demand under the IPO was led by qualified institutional buyers (QIBs), who bid 6.97 times the shares allotted to them. The portion earmarked for non-institutional investors received 60 per cent subscription and retail individual investors (RIIs) received 50 per cent subscriptions. It is the first initial share sale by an automaker in more than two decades, following Japanese carmaker Maruti Suzuki’s listing in 2003.

IPO price band Rs 1,865-1,960 per share

Hyundai Motor India Ltd (HMIL) on Monday raised Rs 8,315 crore from anchor investors. The price band of the IPO is Rs 1,865-1,960 per share. The initial public offering (IPO) is entirely an offer for sale (OFS) of 14,21,94,700 equity shares by promoter Hyundai Motor Company (HMC), with no new issue component. Since the public issue is completely OFS, Hyundai Motor India Ltd, the second largest carmaker in India after Maruti Suzuki, will not receive any proceeds from the IPO.

Market valuation of the company

HMIL said it expects the listing of equity shares to enhance its visibility and brand image, and provide liquidity and a public market for the shares. At the upper end of the price band, the IPO size is pegged at Rs 27,870 crore (USD 3.3 billion), and the market valuation of the company is around Rs 1.6 lakh crore (about USD 19 billion). HMIL started operations in India in 1996 and currently, sells 13 models across different segments.

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Private Limited are the book-running lead managers to the offer.

Latest Business News

SendShareShareTweetSharePinShareSend

Related Posts

dsafd
Business

Mixed signs from Asian markets on Monday, gift nifty flat, know how will the market move on the first day of the week?

by Aaryan Srivastav
July 28, 2025
dsaf
Business

“Indian Rupee vs Dollar” broken rupee against dollar, Indian currency closed at 5 paise falls

by Aaryan Srivastav
July 28, 2025
dssfd
Business

“Gold Price Today” Gold and silver became stable after breaking the price, know the rate of 10 grams of gold

by Aaryan Srivastav
July 28, 2025

Latest News

Uttarakhand News | Uttarakhand Leads Way in Implementing Uniform Code Says CM Dhami | Newstrack Samachar | Uttarakhand News: UCC's Ganges will spread throughout the country from Uttarakhand, said CM Dhami | News Track in Hindi
Regional

Uttarakhand News | Uttarakhand Leads Way in Implementing Uniform Code Says CM Dhami | Newstrack Samachar | Uttarakhand News: UCC’s Ganges will spread throughout the country from Uttarakhand, said CM Dhami | News Track in Hindi

by Sandhya Hirani
July 28, 2025
'Is love or just timepass ...' Why is the benching habit growing in young generation? Learn the truth of relationships without commitment in viral clip
Lifestyle

‘Is love or just timepass …’ Why is the benching habit growing in young generation? Learn the truth of relationships without commitment in viral clip

by Kavita Nagar
July 28, 2025
Kajal Raghavani considers her PET as her heartbeat, looted a lot in video
Entertainment

Kajal Raghavani considers her PET as her heartbeat, looted a lot in video

by Sandhya Hirani
July 28, 2025
Operation vermilion should be discussed above party politics: Mayawati
Politics

Operation vermilion should be discussed above party politics: Mayawati

by Sandhya Hirani
July 28, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2025 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2025 AnyTV News Network All Rights Reserved.