Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
QIBs come to rescue of Hyundai India IPO
Business Standard
|October 18, 2024
Country's largest issue booked 2.4x; retail investors stay away
Subscription to the initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) was just 2.37 times, with retail and high net worth individuals (HNIs) staying largely indifferent to the country's biggest ever maiden share sale.
The IPO received bids for 236 million shares, worth ₹46,320 crore, as against 99.77 million on offer. Over 80 per cent of the bids came from qualified institutional buyers (QIBs), with the quota reserved for them getting seven times more demand than the shares on offer.
Within the QIB segment, close to 60 per cent of the bids, worth ₹22,540 crore, came from overseas investors.
Meanwhile, the retail and HNI quotas remained undersubscribed at 60 per cent and 50 per cent, respectively. The portion reserved for employees garnered 1.7 times subscription owing to a discount of ₹186 per share offered to them.
Esta historia es de la edición October 18, 2024 de Business Standard.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Business Standard
Business Standard
Meity may cut compliance timeline for key DPDP rules
The Ministry of Electronics and Information Technology (Meity) is likely to shorten the implementation timeline for certain provisions under the administrative rules of the Digital Personal Data Protection (DPDP) Act for significant data fiduciaries (SDFs) to 12 months from the earlier 18 months, sources told Business Standard.
2 mins
January 23, 2026
Business Standard
Opportunity for 'great powers' to join forces: Merz on India-EU FTA
Days before the signing of a free agreement between India and the European Union, German Chancellor Friedrich Merz (pictured) on Thursday said \"the era of great powers\" presents an opportunity for countries favouring regulations to join forces against protectionism and isolationism.
1 mins
January 23, 2026
Business Standard
Record $32 bn raised in 2025 via overseas syndicated loans
Pipeline robust as firms look at more acquisitions
3 mins
January 23, 2026
Business Standard
DLF posts 13.6% profit on high net income
Realty major DLF reported a 13.6 per cent year-on-year (Yo-Y) rise in its consolidated net profit for the third quarter of financial year 2025-26 (Q3FY26), driven by high net income and strong operational performance.
1 min
January 23, 2026
Business Standard
Canada PM's likely India visit to boost Cepa talks
Both sides working to ensure Carney visits New Delhi before March-end.
3 mins
January 23, 2026
Business Standard
IndiGo Q3 net nosedives 78%
Dec flight disruptions, labour Codes, depreciation hit earnings
3 mins
January 23, 2026
Business Standard
Bank unions to go on strike on January 27
The United Forum of Bank Unions (UFBU) is likely to go ahead with the proposed allIndia bank strike on January 27, demanding five-day work week, after a conciliation meeting convened by the chief labour commissioner (central) between UFBU and the Indian Banks' Association (IBA) ended without an agreement.
1 min
January 23, 2026
Business Standard
EU suspends GSP export benefits; textiles, plastics likely to be hit
The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from January 1, a move that will impact the country's shipment to the 27-nation bloc.
1 mins
January 23, 2026
Business Standard
Competitive challenges to keep Eternal under pressure
The Q3FY26 results from Eternal contained two major surprises.
3 mins
January 23, 2026
Business Standard
Zeel net profit down 5%
Zee Entertainment Enterprises (Zeel) on Thursday reported as.1 per cent fall in its consolidated net profit to ₹155.3 crore in the third quarter of the financial year 2026 (Q3FY26) against the same period last year.
1 min
January 23, 2026
Listen
Translate
Change font size