Hyundai Motor India's ₹27,870-crore IPO became the most expensive IPO of India as it spent ₹624.12 crore on it. It is the highest amount a company spent to list on Indian stock exchanges. Primary beneficiaries were Hyundai's investment bankers, who collected ₹493 crore in fees. Expenses for regulatory filings and listing fees amounted to ₹45 crore, final IPO documents showed.