Institutions save the day for Hyundai IPO

Hyundai Motor India's Rs 27,870 crore IPO, the nation's largest-ever public offering, has been fully subscribed, driven by strong institutional investor demand. Retail investor participation was subdued, but the successful issue highlights India's capacity to manage large-scale IPOs, setting a positive precedent for future offerings.

Oct 18, 2024 - 07:00

Institutions save the day for Hyundai IPO

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Hyundai Motor India's Rs 27,870 crore IPO, the nation's largest-ever public offering, has been fully subscribed, driven by strong institutional investor demand. Retail investor participation was subdued, but the successful issue highlights India's capacity to manage large-scale IPOs, setting a positive precedent for future offerings.