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 bidding for the IPO started on October 15 and ended on October 17 and is expected to tentatively list on the exchanges on October 22.

If you applied for the IPO, here is how you can check the Hyundai Motor IPO allotment status.

Checking Allotment Status on Registrar’s Website:

Follow these steps to check the Bajaj Housing IPO allotment status

1. Visit the registrar’s website.
2. Click on “Select IPO” and choose “Hyundai Motor India” from the dropdown menu.
3. Then you can enter your PAN, application number, or Demat account details.
4. Click Submit to retrieve the Hyundai Motor India allotment status

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity’ section and select “Hyundai Motor India” from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search’ button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Hyundai Motor India IPO allotment status will be visible.

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Hyundai Motor IPO Subscription Status

The Hyundai Motor IPO has seen a mixed response from different categories of investors. As per the data available on NSE, the IPO has been subscribed 2.37 times in total. The qualified institutional buyers (QIBs) category has seen a subscription of 6.97 times, while the Non-Institutional Investors category has been subscribed 0.60 times. The retail individual investors (RIIs) category has been subscribed 0.50 times, and the Employees category has seen a subscription of 1.74 times.

Bajaj Housing IPO GMP

The Grey Market Premium (GMP) for the Bajaj Housing IPO showed a discounted price. On the day of allotment the shares were trading at a discount of around ₹32. At the current GMP, the stock is expected to list at ₹1928 which represents a premium of -1.63% at the upper price band of ₹1,960. However, it’s important to note that GMPs are only indicative and should not be the sole factor in determining the company’s performance upon listing.

Hyundai Motor India IPO Overview

The IPO price range has been set between ₹1,865 and ₹1,960 per share, with a minimum lot size of seven shares. This means retail investors need to make a minimum investment of ₹13,720. Additionally, the issue reserves up to 7.78 lakh shares for employees, available at a discount of ₹186 from the issue price.

Hyundai Motor India, a subsidiary of South Korea’s Hyundai Motor Company, is a prominent player in the Indian automobile sector. The company offers a diverse lineup of vehicles, including hatchbacks, sedans, and SUVs, serving various market segments.

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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.