Hyundai Motor India's $3.3-billion initial public offering was oversubscribed by more than two times on Thursday attracting aggressive bidding from institutional investors, even though pricing concerns deterred retail participation.

The initial public offering (IPO) of Hyundai Motor India Ltd. (HMIL) has been fully subscribed, closing on a high note on the final day of bidding7, 2024. The Rs 27,870 crore issue, which had opened for public subscription on October 15,

Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960