Hyundai Motor India raises Rs 8,315 cr from 225 anchor investor

Hyundai IPO opens tomorrow: Hyundai Motor India raises Rs 8,315 cr from 225 anchor investor Hyundai Motor India IPO is due to open on October 15. The Indian arm of Hyundai Motor Company (HMC) successfully raised Rs 8,315 crore from anchor investors by allocating 42.2 million shares to 225 funds at a price of Rs 1,960 each, which is at the higher end of the price range. Noteworthy investors who received shares include GIC (the Singapore government’s sovereign wealth fund), New World Fund, and Fidelity. Additionally, 21 domestic mutual funds, such as ICICI Prudential MF, SBI MF, and HDFC MF, were allotted shares through a total of 83 schemes. The IPO Committee of the Company, at meeting held on October 14, 2024, in consultation with Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, and Morgan Stanley India [Read more]( If you would prefer not receiving our emails, please [Click Here](