India's biggest-ever IPO by Hyundai gets fully subscribed on Day 3

Hyundai Motor's ₹27,870-crore IPO, India’s biggest ever IPO, was subscribed 2.09 times on its third day on Thursday. The IPO was subscribed 42% on Day 2 and 18% on Day 1. The bids were led by qualified institutional buyers (QIB) whose reserved portion was subscribed 6.23 times. The portion reserved for retail investors was subscribed 45%.