Hyundai Motor India on Monday said it has garnered Rs 8,315.28 crore from 225 anchor investors at Rs 1,960 apiece-the upper end of the price band - a day ahead of its public issue opening.
It included as many as 21 domestic mutual funds through a total 83 schemes 34.42 per cent of the overall allocation to anchor investors.
Institutional investors are being offered equity shares. The Global institutional investors who have invested Rs 2,191.66 crore in the South Korean auto major include Government of Singapore, New World Fund Inc, Monetary Authority of Singapore, Fidelity, Government Pension Fund Global, and American Funds Insurance Series New World Fund.
The company has allotted 4.2 crore equity shares to the anchor investors at the price of Rs 1,960.
The company has "finalized allocation of 42,424,890 Equity Shares to Anchor Investors at Anchor Investor allocation price of Rs. 1,960 per Equity Share (including share premium of Rs. 1,950 per Equity Share).
The public issue opens on Tuesday and will close on Thursday. The price band has been fixed at Rs 1,865 per equity share to Rs 1,960 per equity share of the face value of Rs 10 each.
"Out of the total allocation of 4.2 crore shares, 1.46 crore shares were allocated to 21 domestic mutual funds through a total of 83 schemes," the company said in its filing.
Hyundai Motor India is to open the gate for initial public offering, valued at Rs 27,870 crore, on October 15.
Seoul-based parent company decided to sell 17.5% of its 812.54 million shares in the Indian subsidiary.
It would be the biggest in Indian history, surpassing Life Insurance Corporation of India's IPO last year, which brought in $2.5 billion.
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