Notification
No new Notification messages
Niva Bupa Health Insurance IPO is Open!
Apply for the Niva Bupa Health Insurance IPO through UPI in just minutes.
Q2 FY'24-25 Results of Top Companies
Reliance, TCS, HDFC Bank & more: Explore key financial highlights from India's top quarterly results.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Diwali Offer: MTF at just 9.99%
Iss Diwali, Investments Ko Karo 4X with our Trade Now, Pay Later (MTF) feature
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

Hyundai Motor IPO set to open on October 15, 2024

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

Hyundai Motor India will launch its IPO on October 15, 2024, aiming to raise ₹27,000 crore. The offer involves 14.22 crore shares, making it India’s largest IPO. The price band is set between ₹1,865 and ₹1,960 per share.

Hyundai Motor IPO Latest News Today

Hyundai Motor India is set to open its highly anticipated initial public offering (IPO) on October 15, 2024. The offering is expected to raise ₹27,870.16 crore, making it the largest IPO in India’s history, surpassing the ₹21,000 crore Life Insurance Corporation’s (LIC) IPO. This public issue will also be one of Asia’s largest in recent years.

Key IPO details

Hyundai Motor’s IPO price band is set between ₹1,865 and ₹1,960 per share. The IPO will be open for subscription from October 15 to October 17, 2024, with anchor investors allowed to bid on October 14. The shares will debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 22, 2024.

The IPO consists entirely of an offer for sale (OFS) of 14.22 crore shares by Hyundai Motor Company, its South Korean parent. Post-IPO, the parent company will retain an 82.5% stake in the Indian subsidiary.

Lot size and investment

The minimum lot size for the Hyundai Motor IPO is set at seven shares, with a tentative minimum investment of ₹13,720 for retail investors. The offer is structured to reserve 50% of the net issue for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

The Hyundai Motor IPO, with its substantial offering size, is expected to impact the Hyundai Motor share price and attract considerable interest from global and Indian investors. The company’s strong position in the Indian automotive market makes this IPO a highly anticipated event.

Hyundai IPO - All You Need to Know

IPO Subscription Dates: The Hyundai Motor India IPO will be open for subscription from October 15, 2024, to October 17, 2024.

Share Face Value: The face value of each share is ₹10.

Price Range: The price range for the IPO has been set between ₹1,865 and ₹1,960 per share.

Minimum Lot Size: Investors can apply in lots of 7 shares.

Total Offering Size: The issue comprises 142,194,700 shares, which amounts to a total of ₹27,870.16 crores.

Offer for Sale: All 142,194,700 shares of ₹10 each will be offered for sale, totaling ₹27,870.16 crores.

Employee Offer: Employees are eligible for a discount of ₹186 per share.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

8 Lacs + Users

icon-with-text

4.8+ App Rating

icon-with-text

4 Languages

icon-with-text

₹5000+ Cr MTF Book

icon-with-text