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The IPO allotment is managed by the registrar of the company and depends on the number of shares offered and valid bids received at or above the cut-off price.
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New World Fund, Government of Singapore, ICICI Prudential Bluechip Fund, HDFC Flexi Cap Fund, SBI Automotive Opportunities Fund, SBI Magnum Global Fund, Fidelity Funds, Nippon India Growth Fund, SBI Life Insurance, HDFC Life Insurance, Government Pension Fund Global and Kotak Flexicap Fund were among the anchor investors.
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The grey market premium - the price over the IPO price in the unofficial market that investors pay for the shares before listing - for Hyundai was at 30 on Monday evening or 1.5% above the upper end of the issue price band of 1,865 to 1,960. The 27,870 crore issue opens on Tuesday and closes on Thursday. The grey market premium for Hyundai shares was at 370 on October 4.
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News and Media
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