• Source:JND
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Hyundai Motors IPO Anchor Investor Raound:  The IPO of South Korean automobile manufacturer Hyundai will be opened to retail investors from today i.e. October 15. The company's IPO was opened for anchor investors yesterday, that is, on October 14th and the automaker has raised Rs 8,315 crores from 225 anchor investors. India's biggest ever public issues will open for retail investors from today. 

Hyundai Motors allocates 4.2 crore shares to anchor investors

According to info on the BSE website, companies like New World Fund Inc,  Fidelity Funds, BlackRock Global Funds, the Government of Singapore, JP Morgan Funds, HDFC Life Insurance Company and SBI Life Insurance were among the anchor investors who got allotment of shares.

Hyundai Motor India Limited has allotted 4.2 crore shares to anchor investors through the IPO. The company has allotted these shares to anchor investors at Rs 1,960 per share.

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ICICI Prudential Mutual Fund and HDFC Asset Management bought shares worth Rs 366.50 crores through various schemes. Hyundai has stated in its statement that Out of the 4.2 crore shares allotted to anchor investors, 1.46 shares have been allotted to 21 domestic mutual funds under 83 schemes. The lock-in period for 50 per cent of the shares issued to anchor investors is only 30 days.

Hyundai Motors IPO to open today for retail investors

The size of Hyundai Motor India's IPO is Rs 28,870 crores, which is the biggest ever initial public offering. The company's IPO will be open for retail investors between October 15 to October 17. The price band of the company's IPO has been fixed at Rs 1865-Rs 1960. Hyundai has reserved 7,78,400 shares for its employees, who will get a discount of Rs 186 on each share. The listing of Hyundai Motor India's IPO is scheduled for October 22nd, the shares will be listed on the BSE and the NSE.

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