Hyundai Motor India IPO subscribed 18% on Day 1 so far

Hyundai Motor India IPO subscribed 18% on Day 1 so far; details here The initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) saw a muted response from investors during the first day (Day 1) of bidding process. On Tuesday, the portion for employees was subscribed to the tune of 80 per cent and the retail investors' pack was booked 26 per cent. The categories kept for non-institutional investors (NIIs) and qualified institutional buyers (QIBs) saw 13 per cent and 5 per cent bids, respectively. The issue received 1,78,10,310 bids against 9,97,69,810 shares on offer with an overall subscription of 18 per cent. Chennai-based Hyundai Motor India is selling its shares in the range of Rs 1,865-1,960 apiece and the offer is open till Thursday, October 17. Investors can apply for a minimum of 7 equity shares and in multiples thereafter. [Read more]( If you would prefer not receiving our emails, please [Click Here](