Hyundai IPO Day 3 Live Update: Issue sees slow momentum, GMP falls on last bidding day

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₹1,865 to ₹1,960 per share.The Hyundai Motor India IPO achieved a 42% subscription on the second day of the subscription period, according to BSE data. Retail investors subscribed to 38% of the portion, while non-institutional investors reached 26%. The qualified institutional buyers (QIBs) portion saw a subscription of 58%.

The employee portion was subscribed 1.30 times. On the first day of the bidding process, the Hyundai Motor India IPO saw an 18% subscription, with bids received for 1.77 crore equity shares compared to the 9.97 crore shares on offer, as per NSE data.Unsoo Kim oversees the overall operations and business of the company as the Managing Director. Tarun Garg serves as the Whole-time Director and Chief Operating Officer, responsible for driving sales, service, dealer management, product strategies, marketing, profitability, customer relationship, brand, and media management.

Gopalakrishnan Chathapuram Sivaramakrishnan leads the overall manufacturing process, strategic planning, resource utilization, and procurement practices as the Whole-time Director and Chief Manufacturing Officer. Wangdo Hur holds the position of Whole-time Director and Chief Financial Officer, and also serves as the business head for finance at the company.“Hyundai has ensured to maintain stable share market in India historically. It enjoys loyalty among the Indian consumer base owing to smooth and affordable after sales service.

Equipped with R&D from Korea and an automated factory in Chennai, company has been able to optimise its operations while expanding it’s distribution. Hyundai also plans to gradually become a major player in the EV segment. Company has also recorded one of the highest RoNW among its peers.