Hyundai Motor India managing director Unsoo Kim (L), Hyundai Motor Group president and CEO Jaehoon Chang (2L), executive chair Euisun Chung (3L) and India’s National Stock Exchange (NSE) managing director and CEO Ashish Kumar Chauhan (C) attend the listing ceremony of Hyundai Motor India for its initial public offering at the NSE in Mumbai on…
Hyundai Motor India‘s shares debuted on the exchanges on Tuesday at a 1.5% discount. The stock was listed at Rs 1,931 on the BSE, compared to the issue price of Rs 1,960. On the NSE, it listed at Rs 1,934. The Rs 27,870 crore IPO was booked 2.3 times, with full subscription achieved only on…
By Nandan Mandayam and Hritam Mukherjee (Reuters) -The $3.3-billion IPO of Hyundai Motor India, the country’s largest yet, was fully subscribed on its final day on Thursday, as big institutional investors bid aggressively, though pricing concerns deterred retail investors. As companies rush to go public after a sharp run-up in the Indian equities market this…