Six of the top ten largest IPOs in India's history had negative returns on the day of listing, and seven of them were still losing money a year later. In May 2022, LIC IPO resulted in an 8% loss on listing day.

Hyundai Motor India is set to make its debut on the Indian stock market next week, with its initial public offering (IPO) priced between ₹1,865 and ₹1,960 per share ($22 to $23), according to a Reuters report that quoted insiders familiar with the matter.

Hyundai India's Rs 27,870 crore IPO opens for subscription till October 17, involving an OFS of 14.2 crore shares by Hyundai Motor Global. The price band is set between Rs 1,865 to Rs 1,960 per share.

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 allotment of shares for Hyundai Motor India’s IPO, the largest in India’s history, is scheduled for today. The IPO is a book-built issue of ₹27,870.16 crores and entirely an offer for sale of 14.22 crore shares.

The initial public offering (IPO) of Hyundai Motor India Ltd (HMIL) was fully subscribed on the final day of bidding on Thursday, thanks to the strong participation by qualified institutional buyers (QIBs) even as retail investors decided to give the mega IPO a big miss.

The $3.3-billion IPO of Hyundai Motor India, the country's largest yet, was fully subscribed on its final day on Thursday as institutional investors bid aggressively, though pricing concerns deterred retail investors.