Hyundai IPO sees lukewarm response from investors on Day 1
The initial public offering (IPO) of Hyundai Motor India saw a lukewarm response from investors on Tuesday, with the issue subscribed 0.18 times or 18 per cent on Day 1 of the subscription.
The initial public offering (IPO) of Hyundai Motor India saw a lukewarm response from investors on Tuesday, with the issue subscribed 0.18 times or 18 per cent on Day 1 of the subscription.
It included 21 domestic mutual funds through a total of 83 schemes (34.42 per cent of the total allocation to anchor investors).
IPO-bound Hyundai Motor India Ltd (HMIL) has earmarked investments worth around Rs 32,000 crore for India till 2032, as the company predicts a strong and steady EV market growth till 2030.
Hyundai Motor, South Korea's biggest carmaker, said on Wednesday its sales fell 3.7 per cent last month from a year earlier on weak overseas demand.
Electric vehicle (EV) models produced by South Korea's Hyundai Motor and Kia have received top ratings in major global car crash safety tests, the automakers said on Sunday.
The combined overseas production of Hyundai Motor and Kia, including in India, surpassed 3.68 million units in 2023
Hyundai Motor, South Korea's top carmaker, and its sister company, Kia, are set to post combined exports of 2 million units in 2023, data showed on Sunday, on the back of the post-pandemic market recovery.
Hyundai Motor on Monday launched the N brand’s first all-electric model, the Ioniq 5 N, in the domestic market as…
Xiaolang Zhang was accused for downloading inside Apple records about the vehicle that Apple intends to unveil in 2024.
In the first six months, expanded deals of Genesis models, the all-electric Hyundai IONIQ 5 and the pure electric Kia EV6 pushed up the Korean carmaker's sales positioning, reports Yonhap news organization.
