Hyundai Motor India IPO Allotment: The initial public offering (IPO) of Hyundai Motor India Ltd, the biggest IPO in India, received tepid response from retail investors, but managed to sail through on the last day, helped by qualified institutional buyers (QIBs). As the bidding process has ended, investors now await Hyundai Motor India IPO allotment.
Hyundai IPO allotment date is likely today. The company is expected to finalise the basis of Hyundai IPO share allotment on Friday, October 18. The ₹27,870.16 crore worth Hyundai Motor India IPO was open during October 15 -17.
Once Hyundai IPO allotment is finalised, the company will credit the shares into the demat accounts of eligible investors on October 21 and initiate refunds to unsuccessful bidders on the same day.