India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.Shares of Hyundai Motor Co.

The total response for the IPO as of 4 pm IST was for 1.68 crore shares as against the offer size of 9.97 crore shares, showing a subscription level of 17 per cent.

Hyundai Motor India IPO opened on October 15, with an 18% subscription rate. The company aims to raise ₹27,870 Cr through an Offer for Sale. Experts warn of overpriced valuations and advise investors to consider long-term prospects amidst market fluctuations.

By Scott Murdoch, Heekyong Yang and Kashish Tandon SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.

Ringo Choi, Asia-Pacific IPO leader at the accounting company, shares his outlook for initial public offerings in the region.

Hyundai Motor India launched its IPO, a book-built issue valued at ₹27,870.16 crores, on Tuesday. The IPO, which is entirely an offer for sale of 14.22 crore shares, will close on October 17, 2024. The price band for the Hyundai IPO is set at ₹1,

Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest ever share offering and world's second biggest IPO in 2024.

Hyundai India's IPO saw a solid start, with 10% subscribed in two hours. Retail bids stood at 17%, while non-institutional investors accounted for 7%.

The three-day subscription for the initial public offering (IPO) of Hyundai Motor India Limited (HMIL) has opened today.