The IPO allotment for Hyundai Motor India Limited will be finalized on Friday, October 18, 2024. While the IPO started off slow, a late surge in interest from Qualified Institutional Buyers (QIBs) helped boost the subscription to 2.37 times overall. However, retail investors and non-institutional investors (NIIs) showed less enthusiasm, with the retail category subscribed at 0.50 times and NIIs at 0.60 times.
Key Details: What’s Happening? 📊
- IPO Opened: October 15, 2024
- Overall Subscription: 2.37 times
- Retail Subscription: 0.50 times
- NII Subscription: 0.60 times
- QIB Subscription: 6.97 times
The grey market premium (GMP) suggests a weaker listing for Hyundai Motor’s shares, with the projected listing price hovering around ₹1,928, slightly below the ₹1,960 upper price limit.
How to Check Your Allotment Status Online 🖥️📱
You can easily check your Hyundai IPO allotment status via either the BSE or KFin Technologies website:
Through the BSE Website:
- Visit the BSE allotment status page.
- Select “Equity” as the issue type.
- Choose “Hyundai Motor India Ltd” from the dropdown list.
- Enter your application number and PAN details.
- Complete the CAPTCHA and hit Submit.
Through KFin Technologies:
- Visit KFin Technologies’ allotment portal.
- Select “Hyundai Motor India Ltd” from the dropdown.
- Choose how to check (via Application Number, Demat Account, or PAN).
- Enter the relevant details.
- Submit to view your allotment status.
What’s Next? 🗓️
The Hyundai Motors India IPO is expected to be listed on the BSE and NSE on Tuesday, October 22, 2024. Although GMP signals a weaker start, the interest from institutional buyers still paints a promising long-term outlook for the stock.