Hyundai Motor IPO: The country’s biggest IPO i.e. Hyundai Motor India has now closed. However, what did not happen as expected by the company, apart from this, investors have also been disappointed with this IPO. Experts are giving many reasons behind this. It is known that Hyundai Motor IPO was closed on 17 October. The IPO could barely be filled on the last day. Let us tell you the reason behind this.
Hyundai Motor IPO got cold response
Hyundai Motor India, the country’s second largest auto company, had launched an IPO. Due to which it was expected that investors would like it a lot. However this did not happen. Let us tell you that Hyundai Motor IPO got a very cold response. Experts say that due to 2-3 reasons this IPO could not attract investors. According to experts, the first reason is high pricing, it is known that the price band of IPO was Rs 1865-1960 per share.
Let us tell you that the company kept the entire profit in the IPO with itself, and also did not leave anything for the investors, which is considered a big reason. Apart from this, in recent days a pro-Pakistan post was shared by Hyundai on social media. Experts say that due to this also the IPO had to face indifference from retail investors.
How much subscription was received on the last day of Hyundai Motor IPO?
Let us tell you that due to not getting good response from investors for 2 days, Hyundai got 2.37 times subscription till the third and last day i.e. 17 October 2024. According to NSE data, bids were received for 236326937 shares against the offer of 99769810 shares under the sizeable IPO of about Rs 27870 crore. It is known that this is the biggest IPO of the country, while it has left behind the IPO of Rs 21000 crore of LIC.
