India’s biggest IPO, launched by the local arm of South Korean auto giant Hyundai Motor Company (HMC), is struggling to sail through amidst a low subscription r

Historically, many of India’s largest IPOs have struggled to deliver meaningful returns to investors. Major offerings, including Paytm, Reliance Power, General Insurance Corporation of India, and New India Assurance,

The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got subscribed 2.37 times on the third day of the bidding on Thursday, helped by institutional buyers.

LIC Mutual Fund on Tuesday announced a reduction in its systematic investment plan (SIP) amount with effect from October 16. The fund house has reduced daily SIP to Rs 100 and in multiples of Rs 1 thereafter for select schemes,

The initial public offering (IPO) of Hyundai Motor India Ltd. (HMIL) has been fully subscribed, closing on a high note on the final day of bidding7, 2024. The Rs 27,870 crore issue, which had opened for public subscription on October 15,

The maiden share sale by the Indian arm of South Korean automaker Hyundai is the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore.

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 India's Rs 27,870 crore IPO was subscribed 20% by the second day. Retail investors led with 29% subscription. The offer is an OFS with all proceeds going to Hyundai Motor Global. Analysts recommend subscribing for long-term gains citing Hyundai's strong brand and growth prospects.