Hyundai Motor India's $3.3-billion initial public offering was oversubscribed by more than two times on Thursday attracting aggressive bidding from institutional investors, even though pricing concerns deterred retail participation.

The Rs 27,870 crore mega initial public offering (IPO) of India’s second largest carmaker, Hyundai Motor India Ltd (HMIL), closed on October 17 with an oversubscription of 237 per cent, or 2.4 times. The public issue received applications for 23.63 crore shares as against a total offering of 9.97 crore shares.

Hyundai Motor India Limited is set to debut in India's stock market. The IPO will open on October 15, making it the first car company in over two decades to go public in India. Here’s everything you need to know about the South Korean automaker ahead of its IPO.

Hyundai India's $3.3 billion IPO was subscribed in 42% on the second day of bidding on Wednesday, led mostly by employees, who were offered shares at a discount and already oversubscribed their part of the offer.

The allotment of shares for Hyundai Motor India’s IPO, the largest in India’s history, is scheduled for today. The IPO is a book-built issue of ₹27,870.16 crores and entirely an offer for sale of 14.22 crore shares.

A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades.

The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday

The $3.3-billion IPO of Hyundai Motor India, the country's largest yet, was fully subscribed on its final day on Thursday, as big institutional investors bid aggressively, though pricing concerns deterred retail investors.

Hyundai Motor India's IPO opened on October 15. The IPO price is set between ₹1,865 and ₹1,960, and the last day for bids is October 17.