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Hyundai Motors IPO News:  The initial public offering of Hyundai Motors opened for public subscription on Tuesday i.e. October 15. Investors can place bids till October 17. Investors seeking to place bids for India's largest-ever IPO will have to buy a lot of 7 shares at a fixed price band of Rs 1865-1960 per share. The public offering of Hyundai Motors India IPO is entirely an offer for sale, which means there are no fresh shares. Hyundai is aiming to raise Rs 27,870.16 crore through an initial share sale.

Meanwhile, on October 14, Hyundai has raised Rs 8,315 crore from 225 anchor investors.

Hyundai Motors IPO Subscription Status- As of 10:36 am, the Hyundai India IPO subscribed 0.04 times, according to the National Stock Exchange Website.

GMP of Hyundai Motors

According to investorgain.com, the grey market premium of Hyundai Motors IPO is just 45 Rupees. The latest Hyundai Motors IPO GMP is showing a sign of concern for the investors as the shares are trading with minimal premium in the grey market. The Hyundai Motors Shares are trading at Rs 2005, up 2.3% against the IPO's price band.

Hyundai Motors IPO Details

Hyundai Motors India IPO Price Band- The Price Band for the IPO has been set at Rs 1865 to Rs 1960
Hyundai Motors India IPO Lot Size- Investors have to buy a lot of 7 shares to place a bid.
Hyundai Motors IPO Issue Size - The automaker is aiming to raise Rs 27,870.16 crore.
Hyundai Motors IPO Subscription The IPO will remain open for subscription between October 15 to October 17.
Hyundai Motors IPO Share Allotment Date- Probably, the share allotment will be finalised on October 18.

Also Read: Hyundai Motors IPO: Company Raises Rs 8,315 Crores From Anchor Investors; IPO To Opens For Retail Investors Today

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