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.

What Does it Mean for Investors? India's largest IPO offering, Hyundai India, has entered its third and final day, but investor enthusiasm remains low, with only 42% of the total issue subscribed and retail participation at just 38% (by the end of Day 2).

The public issue of Hyundai Motor India, which enjoys the second-largest share of the country's passenger vehicle market, is the largest offering in India since LIC went public with a Rs 21,000 crore