Hyundai IPO News: Hyundai India is preparing to list on the National Stock Exchange. A source said, about 200 people will fly to Mumbai to attend the bell ring ceremony at NSE on October 22 at 10 am. The main hall of NSE will be packed. Sources have also told CNBC-TV18 that Hyundai's entire top global leadership will be present during the listing ceremony.

Senior leaders and suppliers included
The 200 guests at the NSE will include senior leaders of Hyundai, company dealers, suppliers, analysts and bankers. A team of Korean journalists will also participate along with journalists and photographers from India. Two 5-star hotels booked Hyundai has fully booked two 5-star hotels in Mumbai to accommodate its international and domestic guests. A source in the hotel industry said that Sofitel and Trident in Mumbai have been fully booked by Hyundai. Ioniq5 will also be showcased The company can also showcase its premium electric vehicle, Ioniq5, at the NSE venue. Hyundai is going to launch four new electric vehicles by 2030, including Creta EV in Q4. Hyundai has been assembling Ioniq5 in India since last year, which is currently the only electric car in the company's portfolio. Priority for Hyundai Speaking to CNBC-TV18 on October 14, the company's COO said that the Creta EV will be highly localised and will also be priced competitively. Garg said that localisation of EV manufacturing will be a priority for Hyundai going forward. IPO fully subscribed Hyundai Motor India Limited's initial public offering (IPO) was fully subscribed on the third and final day of bidding on October 17. Investors placed bids for 23.63 crore shares against 9.97 crore shares on offer. The issue was subscribed 237% on the last day of the bidding process. Largest IPO Hyundai's IPO, the largest ever in India, saw interest from top nine mutual funds as anchor investors. The subscription also saw participation from sovereign wealth funds and pension funds from Hong Kong, Middle East, UK and USA. Subscription for Hyundai India's IPO was led by qualified institutional investors. Their subscription rate was 6.97 times. This was followed by non-institutional investors (NIIs) at 60%. The retail portion was subscribed 50% by the last day of subscription. The quota reserved for employees was subscribed 1.74 times.