Hyundai Motor India IPO: Last Chance! India's Biggest IPO Closes Today - Read Now

Hyundai Motor India’s highly anticipated IPO is set to close today, and it has seen lukewarm investor interest. As the grey market premium (GMP) for Hyundai Motor India shares plunges below 1% (currently at 0.87%), investors are left wondering whether to bid or hold back. The Hyundai Motor India IPO opened on October 15, with initial optimism, but market sentiments have cooled considerably as the GMP has fallen sharply from its earlier high of ₹147 (7.5%) on October 9 when the price band was announced.

As of the second day of bidding, Hyundai Motor India IPO saw a subscription rate of just 0.42 times, reflecting weaker-than-expected demand. Out of the 9.97 crore shares offered, only 4.17 crore shares had been bid for, according to NSE data. Retail Individual Investors (RIIs) have shown minimal interest, subscribing only 0.38 times, while Non-Institutional Investors (NIIs) have subscribed 0.26 times. Qualified Institutional Buyers (QIBs), however, have shown relatively stronger interest, with a subscription rate of 0.58 times. The employee quota remains the exception, having been oversubscribed 1.31 times.

This drop in GMP and weak subscription could be a reflection of the broader market conditions and investor sentiment surrounding Hyundai Motor India's public issue. Many are now watching closely as the IPO reaches its final hours. Analysts suggest investors remain cautious, weighing the lower GMP against the potential long-term benefits of investing in Hyundai’s Indian arm.