Hyundai IPO last day today: Will India's largest public issue hit Rs 1 lakh crore bids? Check subscription update

Hyundai India has already raised Rs 8,315 crore through anchor allocation, leaving Rs 19,555 crore for public bidding in the IPO.

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26 Aug, 2025 12:21

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Hyundai Motor India's IPO -- the largest in the country’s history -- enters its final day of bidding today. Investors are closely watching whether the Rs 27,800 crore public issue will be fully subscribed or if it could even reach Rs 1 lakh crore in total bids.

Hyundai India has already raised Rs 8,315 crore through anchor allocation, leaving Rs 19,555 crore for public bidding. To hit the Rs 1 lakh crore mark, the Hyundai India IPO would require total bids worth Rs 91,685 crore, translating to a 4.7 times subscription to the public issue.

With two days of bidding completed, Hyundai India’s IPO has garnered significant interest. The public issue was subscribed 42 percent by the end of day two, with 4.17 crore shares bid out of the 9.98 crore shares on offer, amounting to approximately Rs 8,225 crore.

Previous IPOs with Rs 1 lakh crore bids

In September, Bajaj Housing Finance's Rs 6,560 crore IPO was subscribed 63.54 times, topping Rs 3 lakh crore in total bids. The issue saw strong demand from institutional and wealthy non-institutional investors, with bids for over 4,622 crore shares against the 72.75 crore shares on offer.

Before that, other IPOs that crossed Rs 1 lakh crore in bids include Premier Energies Ltd in August 2024, with Rs 1.48 lakh crore, and Tata Technologies in November 2023, with Rs 1.56 lakh crore. Coal India’s Rs 15,200 crore IPO in 2008 remains the highest, attracting Rs 2.33 lakh crore.

Hyundai India IPO subscription check: Institutional investors show strong interest

As for Hyundai India’s ongoing IPO, the Qualified Institutional Buyer (QIB) quota, which makes up 28 percent of the public issue, has seen 58 percent subscription as of day two, reflecting strong demand from large investors. The retail quota has received 38 percent subscription so far, while the NII (high networth non-institutional investors) portion has been subscribed 26 percent.

Hyundai India’s IPO is entirely an offer for sale (OFS) by its parent company, South Korea’s Hyundai Motor Company (HMC). Since no fresh equity is being issued, the proceeds will not directly benefit the Indian unit.

Also read | 18 of top 30 IPOs underperform Nifty 500, 8 deliver negative returns

However, Hyundai India expects a strong response to the IPO to positively impact market sentiment. The company is the country’s second-largest automaker by market share, behind Maruti Suzuki India Ltd. This IPO, at Rs 27,800 crore, surpasses LIC’s Rs 21,000 crore issue as the largest in India.

Hyundai India shares will be allotted to successful bidders on October 18, with the listing on both the NSE and BSE scheduled for October 22.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.