The so-called anchor book for the IPO, which is set to be the biggest ever in India, has been fully allocated, with half going to domestic institutions and the other half to international investors, the people said. The anchor investor portion consists of as many as 42.4 million shares, according to the prospectus.
BlackRock Inc., Singaporean sovereign wealth fund GIC Pte and Capital Group are among those that have made bids to buy stock in Hyundai Motor India Ltd.’s US$3.3 billion ($4.31 billion) initial public offering, according to people familiar with the matter.
Baillie Gifford and FMR are also looking to participate in the record-breaking offering in Mumbai, the people said, asking not to be identified as the information isn’t public.
