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Hyundai Motors IPO Allotment Status: After being fully subscribed on the last bidding day, Hyundai Motors is all set to allot shares. Hyundai Motor India's initial public offering (IPO) was open for subscription between October 15 to October 17. The Price range was fixed at Rs 1,865 to Rs 1,960 per share, with a minimum lot size of seven shares. The company brought the biggest share sale in the country and raised about Rs 27,856 crore. All of this came from an offer-for-sale (OFS) in which the parent company Hyundai Motor Company sold 142,194,700 shares.

Investors who have placed bids can check the share allotment status on the Bombay Stock Exchange's (BSE) official website or the Registrar KFin portal.

Steps to Check the Share Allotment Status on the Registrar KFin Website

1. Go to KFin Technologies Limited’s website.

- Select the IPO from the dropdown menu (the name will appear only after the allotment is finalized).

- Choose one of the following modes to check: Application number, Demat Account number, or PAN ID.

- Select the application type – either ASBA or non-ASBA.

- Enter the relevant details for the mode you chose in Step 3.

- Complete the captcha for security verification.

- Click submit to check the status.

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How to check Hyundai Motors allotment status on the Bombay Stock Exchange (BSE) website

- Go to BSE's IPO Allotment Check Page.

- Under the issue type, select “Equity.”

- From the issue name dropdown, select “Hyundai Motor India Limited.”

- Enter your application number.

- Add your PAN ID.

- Verify by clicking “I am not a Robot,” then hit submit to view your status.

Hyundai Motors IPO Subscription Status

The IPO of Hyundai Motors India did not get an overwhelming response from the investors. The share sale concluded with overall subscriptions of only 2.37 times till the last date October 17. The quota reserved for Qualified Institutional Buyers (QIB) oversubscribed 6.97 times, meanwhile, the employee quota also saw a 1.74 times subscription. On the other hand, the non-institutional investors section subscribed only 60% of the reserved quota, while retail investors got only 50% of subscriptions.

Hyundai Motors IPO GMP

After a lukewarm response from the investors, The Grey Market Premium of Hyundai Motor (GMP) took a severe hit and went into negative territory. Initially, the company commanded a premium of between 60 to 100 in the unofficial market but after the muted bidding, it has now come down to a discount of Rs 32-35 per share, indicating a potential loss of 2% for investors upon listing.

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