The plants will operate under a Group Captive Mode, with HMIL holding a 26% interest and FPEL owning 74% of the project.
The Hyundai Motor India IPO is an offer for sale, meaning Hyundai Motor Company will be the sole recipient of the funds raised.
Investors who applied for the Hyundai IPO can verify their allotment status at KFin Technologies Limited, the registrant for the offering.
The retail individual investors (RIIs) part of the Rs 27,870 crore initial share offer was 37 percent subscribed.
The price band for the IPO is set at ₹1,865 to ₹1,960 per share, with a minimum bid of 7 equity shares.
As of 3:15 pm, the Employee Reserved portion of the IPO was subscribed the most at 69% followed by retail portion which was subscribed 24%.
Hyundai Motor India aims to raise ₹27,870.16 crore through this IPO, as existing shareholders sell their stake via the OFS.
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