Mumbai: Hyundai India Motor shares will list on BSE and NSE on October 22, 2024, i.e. Tuesday. Hyundai Motor IPO has failed to make any buzz in the grey market and the GMP stood at Rs 75 today morning, investorgain reported. With the price band of 1960, the shares of the South Korean automobile manufacturing company are projected to be listed with a premium of nearly 4 per cent gains.
Waaree Energies IPO, a book built issue of Rs 4,321.44 crore, opened for subscription on October 21, 2024 and closes on 23rd October. Investorgain reported that the Waaree Energies IPO GMP is going very strong in the grey market. The GMO indicates that with the price band of Rs 1503, Waaree Energies the shares are expected to be listed with nearly 99 per cent gains at Rs 2983 per equity share.
Hyundai Motor IPO
The initial public offer of Hyundai Motor India received a subscription of 2.37 times on the third final day of the bidding on October 17. Qualified Institutional Buyers (QIBs) applied for 6.97 times while non-institutional investors bid for 60 per cent from its portion and Retail Individual Investors (RIIs) received 50 per cent subscription. The IPO became the largest IPO in the country, surpassing LIC’s initial share sale of Rs 21,000 crore.
Hyundai Motor India Ltd raised Rs 8,315 crore from anchor investors. The IPO is entirely an offer for sale (OFS) of 14,21,94,700 equity shares by promoter Hyundai Motor Company (HMC), with no fresh issue component.
Waaree Energies IPO
Waaree Energies IPO price band is set at Rs 1427 to Rs 1503 per share. The solar panel maker mobilised Rs 1,277 crore from anchor investors on October 18. Anchor investors include, Tata MF, Bandhan MF, Morgan Stanley, National Pension Service (Managed by BlackRock Institutional Trust Company, NA), The Prudential Assurance Company, Goldman Sachs, Abu Dhabi Investment Authority, HDFC Mutual Fund (MF), ICICI Prudential MF, and Canara Robeco MF.
Waaree Energies IPO is a combination of a fresh issue of equity shares aggregating to Rs 3,600 crore and an Offer For Sale (OFS) of 48 lakh equity shares worth Rs 721.44 crore. The company has stated that the money from the fresh issue will be used for setting up the 6GW (gigawatt) of Ingot Wafer, Solar Cell and Solar PV module manufacturing facility in Odisha.
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Hyundai Motor India IPO GMP is indicating a muted debut of the shares on October 22, 2024. Waaree Energies IPO opened for subscription on October 21 and the GMO is over 98 percent. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
