Hyundai Motor India IPO was subscribed 2.37 times on the third and last day of issue with the QIB portion subscribed the highest among the three groups of investors.

The ₹27,870 crore initial public offering (IPO) of Hyundai India opened for subscription today and will remain available for investors until October 17. This issue consists entirely of an offer for sale (OFS) of 14.

Chennai-based Hyundai Motor India is selling its shares in the price band of Rs 1,865--1,960 apiece. Investors can apply for a minimum of 7 shares and its multiples thereafter.

Hyundai Motor India's IPO oversubscribed, aiming to raise Rs 27,870 crore, with strong market presence and growth potential.

The highly anticipated IPO of Hyundai Motor India Ltd. opened for subscription on Tuesday and will be available to investors until October 17. The issue is a complete Offer For Sale (OFS) where the company's South Korean parent will be selling 14.

To increase its presence in the electric vehicle (EV) space, MD Unsoo Kim said that the company is planning to launch four EV models in this financial year. “We are also investing in the EV charging ecosystem. The EV market in India will grow strongly by 2030,” he said.

Hyundai Motor India’s IPO, subscribed 2.37 times, raised Rs 27,870.16 crore through an offer for sale. QIBs was subscribed 6.97 times, while retail investors showed lower interest. The IPO is priced between Rs 1,

Unlisted shares of Hyundai Motor India Ltd are trading minus Rs 32 higher in the grey market, signalling a 0.26 per cent listing loss from the public issue.

The IPO of Hyundai Motor India was open for bidding between October 15-17, which offered its shares in the price band of Rs 1,865-1,960 per share with a lot size of 7 shares.

Share allotment for Hyundai Motor India IPO is expected on October 18, with shares listing on BSE and NSE on October 22.

Investors can check their allotment status online. They can log in to either the BSE website or the website of Kfin Technologies Limited, the registrar for the issue.