Hyundai Motor India debuts at BSE at a discount of 1.48%
The Hindu
Hyundai Motor India Ltd listed on BSE at a 1.48% discount, biggest IPO in Indian market history.
Automobile company Hyundai Motor India Ltd, the subsidiary of Hyundai Motor Corporation of Korea, was listed on the BSE on Tuesday (October 22, 2024) at a discount of 1.48% at ₹1931 from the issue price of ₹1960.
The owners of the company had offered ₹14.22 crore shares via an Offer for Sale (OFS) last week and had mobilised ₹27,870.16 crore. This is the biggest-ever IPO to have hit the Indian capital markets. At NSE, the company was listed at ₹1934.
The issue had received a lukewarm response from retail investors while institutional investors had supported the issue having long-term returns in mind.
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