A $3.3-billion initial public offering by Hyundai Motor India was fully subscribed on the final day of bidding on Thursday, with domestic banks and mutual funds buying into the country's first automaker to go public in two decades.

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.

Chennai-based Hyundai Motor India is selling its shares in the price band of Rs 1,865--1,960 apiece. Investors can apply for a minimum of 7 shares and its multiples thereafter.