Hyundai Motor India’s IPO, the largest in India’s history, concluded with a strong subscription rate of 2.37 times. The Rs 27,870 crore public issue saw a late surge in demand from institutional investors, with 23.63 crore shares bid against 9.98 crore offered.
Despite a sluggish start due to market volatility and a weakened auto sector outlook, final day interest from qualified institutional buyers led to the successful close.