- By Aditya Pratap Singh
- Mon, 21 Oct 2024 05:03 PM (IST)
- Source:JND
Hyundai Motors IPO Listing: After the allotment of the shares is finalised, the shares of Hyundai Motors India are scheduled to be listed on Tuesday, October 22. As the listing is nearing, the GMP of Hyundai Motors turned positive after it was trading lower following lukewarm bidding from the investors. The portion reserved for retail investors, and NII did not attract the full subscription while the employees and Qualified investors section oversubscribed.
Investors who have not checked their Hyundai Motors IPO Allotment Status can check by following the below steps on BSE's website.
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.
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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, however the Hyundai Motors IPO GMP turned in green as the shares of the Automobile company are trading at 5% premium on Monday. According to investorgain.com, the shares are trading at GMP of 53 rupees, up 2.7 per cent on Monday evening.