Hyundai Motors is a well-known automotive brand with a strong presence in India. With its upcoming IPO, many investors are keen to understand its significance and objectives and how to apply for the Hyundai Motors IPO. This article provides a detailed breakdown of Hyundai Motors India IPO.
About Hyundai Motors
Hyundai Motors, a South Korean automotive giant, has been a dominant player in the global automobile market. The company was founded in 1967 and has grown exponentially, producing some of the world’s most popular car models. Its operations in India began in 1996, with the establishment of Hyundai Motors India Limited (HMIL). The brand quickly became synonymous with quality, innovation, and affordability in the Indian automobile sector.
With its state-of-the-art manufacturing plant in Chennai, Hyundai produces millions of vehicles annually. Popular models like the Hyundai i20, Creta, and Verna have consistently been among the top-selling cars in the country. Hyundai has also been at the forefront of introducing electric and hybrid vehicles in India, catering to the growing demand for eco-friendly automobiles.
About Hyundai Motors IPO
Hyundai Motors India is preparing to go public with its much-anticipated Initial Public Offering (IPO). This move marks a significant milestone for the company as it seeks to expand its business and raise capital from the stock market. The IPO is expected to generate a significant buzz among investors, considering Hyundai’s strong market presence and growth potential in India.
The Hyundai Motors IPO will allow investors to become shareholders in the Indian arm of the company. The offer will include a mix of fresh issues and an offer-for-sale by existing stakeholders. As one of the most awaited IPOs, it is expected to attract both institutional and retail investors.
Objects of the Issue (Hyundai Motor IPO Objectives)
Hyundai Motors will not receive any proceeds from the Offer and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes.
Hyundai Motor IPO Details
| IPO Date | October 15, 2024 to October 17, 2024 |
| Listing Date | October 22, 2024 |
| Face Value | ₹ 10 per share |
| Price Band | ₹1,865 to ₹ 1,960 per share |
| Lot Size | 7 Shares |
| Total Issue Size | 142,194,700 shares (aggregating up to ₹27,870.16 Cr) |
| Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹ 27,870.16 Cr) |
| Employee Discount | Rs 186 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 81,25,41,100 |
| Shareholding post issue | 81,25,41,100 |
Hyundai Motor IPO Schedule
| IPO Open Date | Tuesday, October 15, 2024 |
| IPO Close Date | Thursday, October 17, 2024 |
| Basis of Allotment | Friday, October 18, 2024 |
| Initiation of Refunds | Monday, October 21, 2024 |
| Credit of Shares to Demat | Monday, October 21, 2024 |
| Listing Date | Tuesday, October 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 17, 2024 |
Hyundai Motor IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 7 | ₹13,720 |
| Retail (Max) | 14 | 98 | ₹192,080 |
| S-HNI (Min) | 15 | 105 | ₹205,800 |
| S-HNI (Max) | 72 | 504 | ₹987,840 |
| B-HNI (Min) | 73 | 511 | ₹1,001,560 |
Hyundai Motor Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 14-10-2024 | 1960.00 | ₹50 | 300/4500 | ₹2010 (2.55%) | 14-Oct-2024 12:25 |
| 13-10-2024 | 1960.00 | ₹65 | 300/4500 | ₹2025 (3.32%) | 13-Oct-2024 23:23 |
| 11-10-2024 | 1960.00 | ₹75 | 400/6000 | ₹2035 (3.83%) | 11-Oct-2024 23:00 |
| 10-10-2024 | 1960.00 | ₹132 | 700/10500 | ₹2092 (6.73%) | 10-Oct-2024 23:25 |
