India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.

Hyundai Motor India's ₹27,870-crore initial public offering (IPO) witnessed a steady response on first day of subscription. Within two hours, the offer's 10% got subscribed- the retail portion was booked 17% with bids for 84 lakh shares as against 4.

Notably, Hyundai Motor India's IPO marks the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003

Hyundai Motor India's ₹27,870 crore IPO receives 9% subscription, largest in India, open for public subscription till October 17.

Hyundai Motor India Ltd, a subsidiary of South Korean automaker Hyundai, launched India's largest IPO, surpassing LIC's initial Rs 21,000 crore sale. The Rs 27,870 crore offer, entirely an Offer For Sale,

SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.3 billion IPO that will be the country's largest share offering yet.

Hyundai Motor India Ltd IPO, the largest in India, entered the country's primary market on Tuesday and will be open till Thursday. The price band is fixed at Rs 1,865 to Rs 1,960 apiece and the minimum lot size is seven shares. ALSO READ: Hyundai Motor India IPO alert: Dates, price band, minimum lot size and all you need to know

Hyundai India's Rs 27,870 crore IPO opens for subscription till October 17, involving an OFS of 14.2 crore shares by Hyundai Motor Global. The price band is set between Rs 1,865 to Rs 1,960 per share.

India’s largest-ever public offering, Hyundai Motor India Ltd’s (HMIL) IPO, opened today. Just a day prior, on Monday, HMIL secured Rs 8,315 crore from more than 200 anchor investors. The public offering, valued at Rs 27,870 crore, is the biggest share issuance India has witnessed to date. Stay updated with live Hyundai IPO GMP updates and more.

Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest ever share offering and world's second biggest IPO in 2024.

Ringo Choi, Asia-Pacific IPO leader at the accounting company, shares his outlook for initial public offerings in the region.