Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price
Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.
Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.
The IPO received bids for about 1.8 crore shares against around 16 crore shares on offer, according to the NSE data.
The country's largest IPO, Hyundai Motor India, has disappointed investors to date.
The highly anticipated IPO of online food and grocery delivery giant is set to debut on Dalal Street on November 6, aiming to raise approximately Rs 11,327.43 crore from the primary market.
The biggest IPO among these will be of food delivery company Swiggy, which is planning to raise more than Rs 11,000 crore through IPO from the stock market.
Nearly half of the demat accounts that applied for IPOs between April 2021 and December 2023 were opened during the post-COVID period.
In the legal notice, CE Info Systems alleged that Bhavish Aggarwal-led Ola Electric copied its data to launch its own mapping service in India.
The note said Jio could list at a USD 112 billion valuation and add 7-15% upside to the Reliance Industries share price.
Hyundai Motor, South Korea's leading automaker, saw its sales hit a record in India in the first half of this year, according to industry data on Sunday, as it has filed for an initial public offering (IPO) worth Rs 25,000 crore for its India unit.
The lot size of the IPO is 161 shares. To bid in the IPO, retail investors will have to invest Rs 14,973.
