South Korean automaker Hyundai Motor’s India unit will raise more than $3 billion in what would be the biggest-ever initial public offering in India. Hyundai Motor India’s share sale, which would beat the previous Indian IPO record of around $2.

A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades.

Investors can check the IPO allotment status on the website of Kfin Technologies. (Image: Reuters) Hyundai India IPO closed the issue with a total subscription of 2.37 times. The qualitative institutional investors saved the issue on the last day by subscribing to it almost 7 times.