Hyundai Motor India IPO receives 42% subscription on second day

Hyundai Motor India Ltd’s IPO saw strong demand on the second day, with 42% total subscription. The IPO, the country’s largest at Rs 27,870 crore, surpasses LIC’s previous record. Qualified Institutional Buyers subscribed 58%, while Retail Individual Investors showed 38% interest. The offer for sale does not include fresh issues, aimed primarily at enhancing visibility and liquidity.