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Hyundai India IPO struggles, booked 42% on second day
The Morning Standard
|October 17, 2024
INDIA'S biggest IPO, launched by the local arm of South Korean auto giant Hyundai Motor Company (HMC), is struggling to sail through amidst a low subscription rate. At the end of the second day of bidding, Hyundai Motor India Ltd (HMIL) IPO was subscribed only 0.42 times or 42%.
This is lower than the Day 2 subscription status of the next two biggest IPOs – Paytm and LIC. While the ₹18,300 crore IPO of loss-making Paytm was subscribed 48%, the ₹21,000 crore maiden share sale of LIC was fully subscribed at the end of day 2.
Diese Geschichte stammt aus der October 17, 2024-Ausgabe von The Morning Standard.
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