Hyundai IPO allotment today: Check status online; GMP shows weak listing

The allotment for the initial public offering (IPO) of Hyundai Motor India Limited will be finalised on Friday. Hyundai IPO got off to a slow start but a late surge in the Qualified Institutional Buyers (QIBs) section helped the public issue pick up some pace.
Hyundai IPO opened on October 15, was initially met with hesitation from investors, but by the close on Thursday, October 17, 2024, it had been subscribed more than twice. Investors remained cautious due to concerns over valuations and a falling grey market premium which resulted in the IPO not seeing massive subscription numbers compared to some of the recent numbers.
Hyundai’s IPO was subscribed 2.37 times overall. The retail category was subscribed 0.50 times, non-institutional investors (NIIs) subscribed 0.60 times, while QIBs led the charge with a subscription of 6.97 times, as of 5:15 PM on October 17, 2024.
Investors who have bid for Hyundai IPO can check their allotment status online. They can log in to either the BSE website or the website of Kfin Technologies Limited, the registrar for the issue.
If you’ve applied for the Hyundai IPO, you can check your allotment status online in a few simple steps:
Through the BSE website:
Visit the BSE allotment status page: Click here
Select Equity as the issue type.
Choose Hyundai Motor India Ltd from the dropdown list.
Enter your application number and PAN card details.
Complete the CAPTCHA and click Submit.
Through the KFin Technologies website:
Visit KFin Technologies’ allotment status portal: Click here
Select Hyundai Motor India Ltd from the dropdown.
Choose how you wish to check the allotment (via Application Number, Demat Account, or PAN).
Enter the relevant details and security CAPTCHA.
Click Submit to view your allotment status.
The grey market premium (GMP) for the Hyundai Motor IPO indicates a lower price than expected. The upper price limit for the Hyundai Motor IPO is set at Rs 1,960. Based on the current GMP, the projected listing price for the Hyundai Motor IPO is Rs 1,928.
Hyundai Motors India shares will be listed on both the BSE and the National Stock Exchange (NSE). The tentative listing date is scheduled for Tuesday, October 22, 2024.