Hyundai Motor India's $3.3 billion IPO was 18% subscribed on the first day of bidding on Tuesday, led by employees who placed orders for four-fifths of the shares reserved for them in the country's largest share sale yet.

Hyundai Motor India Ltd's IPO, the largest in India's history, saw an 18% subscription on its first day. Retail investors subscribed 26%, non-institut

Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of US$77.3 million, while American financial major Fidelity bought shares worth US$76.5 million. Domestic mutual funds were allocated shares worth a total of US$340 million.