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Hyundai Motor IPO Listing: The wait for the listing of Hyundai Motor India is over today. The IPO shares of the country’s second largest car company Hyundai Motor India Limited have been listed on BSE-NSE today. Hyundai Motor India is listed on BSE at Rs 1931 per share and Hyundai Motor India is listed on NSE at Rs 1934. The price band of shares in Hyundai Motor’s IPO was Rs 1960 per share.
No gain on listing of Hyundai Motor India
As has been seen in the stock market, that kind of listing gain could not be achieved on the listing of very huge IPOs, more or less the same has happened with the listing of Hyundai Motor India. Its shares are listed at a discount and this listing will be called flat listing because investors were expecting good support from its listing.
Listing done at 1.3% discount
Hyundai Motor India was listed on NSE at Rs 1934 against the IPO price of Rs 1934 per share, which is at a discount of 1.3 percent. Its listing on BSE is at Rs 1931, which is a discount of 1.5 percent. After listing, the shares of Hyundai Motor India went down to Rs 1844.65 and showed the upper level up to Rs 1970 per share.
The biggest IPO in the history of Indian stock market
The largest IPO in terms of size in the history of the Indian stock market was the IPO of Hyundai Motor India and an attempt was made to raise Rs 27,870.16 crore. This IPO was open from 15 to 17 October. The company has raised Rs 27870 crore through IPO under Offer for Sale. The company had issued these shares at a face value of Rs 10. This IPO was subscribed 2.37 times and the quota reserved for institutional investors was subscribed a total of 6.97 times.
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