Hyundai Motor India's $3.3-billion initial public offering was oversubscribed by more than two times on Thursday attracting aggressive bidding from institutional investors, even though pricing concerns deterred retail participation.

Hyundai Motor Co.’s Indian arm is experiencing a rocky start as its monumental $3.3 billion initial public offering (IPO) struggles to captivate investor interest amid a challenging market landscape.

Hyundai Motor India launches a record $3.3-billion IPO, concluding with complete subscription by institutional investors. Retail investors remain cautious due to pricing concerns, overshadowing positive market trends.