Hyundai Motor India's $3.3 billion IPO was 18% subscribed on the first day of bidding on Tuesday, led by employees who placed orders for four-fifths of the shares reserved for them in the country's largest share sale yet.

Following HMIL’s offering, the primary share sale component in 2024’s IPO activity is expected to drop to 36.5 per cent. Despite this decline, experts maintain that the robust fundraising of over Rs 33,772 crore via fresh share sales reflects continued strong demand for growth capital.

Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of US$77.3 million, while American financial major Fidelity bought shares worth US$76.5 million. Domestic mutual funds were allocated shares worth a total of US$340 million.

Hyundai Motor India's $3.3 billion IPO opened for bids on Tuesday, aiming for a valuation of up to $19 billion in India's largest share sale yet. The company, India's No. 2 carmaker behind Maruti Suzuki,

The total response for the IPO as of 4 pm IST was for 1.68 crore shares as against the offer size of 9.97 crore shares, showing a subscription level of 17 per cent.

Hyundai Motor India Ltd's IPO, the largest in India's history, saw an 18% subscription on its first day. Retail investors subscribed 26%, non-institut

The subscription window for Hyundai Motor IPO will open between October 15, 2024 to October 17, 2024. Hyundai Motor IPO is purely an offer for sales for 142,194,700 shares.

According to stock market observers, shares of the company are available at a premium of ₹74 in the grey market today

The Rs 27,856 crore IPO of Hyundai Motor India shall open for bidding between October 15-17 as it will sell shares in the range of Rs 1,865-1,960 apiece with a lot size of 7 shares.