New Delhi: Hyundai Motor India IPO will be launched on October 15, 2024, the South Korean carmaker said in a statement. The Rs 27,870 crore IPO will surprise LIC to become India’s largest public issue to date. The motor company has also released the IPO price band and key details.
Hyundai Motor India IPO GMP
Hyundai Motor India IPO GMP stood at Rs 115 apiece, indicating a listing price of Rs 2,075, or a 5.87 per cent premium over the IPO price of Rs 1,960 per share, according to Investorgain. GMP or grey market premium is the extra money an individual is willing to pay to acquire a share of a company. The GMP is down Rs 37 from October 8, 2024.
Hyundai Motor India price band and key dates
Hyundai Motor India has set the IPO price band at Rs 1,900-1,960 per share. The company’s IPO will open on October 15, 2024, and close on October 17, 2024. The IPO allotment is scheduled for October 18, 2024, Hyundai Motor India IPO listing is likely to take place on October 22, 2024.
Hyundai Motor India IPO lot size
Hyundai Motor India IPO comprises an offer for sale of over 142 million shares. The minimum lot size for retail segment is 7 shares priced at Rs 13,720. Small high-net-worth investors or SHNIs can subscribe to a minimum of 105 shares priced at Rs 2,05,800. Large HNIs can subscribe to a minimum of 511 shares priced at Rs 10,01,560.
KFin Technologies is acting as the IPO registrar.
Kotak Mahindra Capital, Citigroup Global and HSBC Securities are acting as book-running lead managers on the IPO along with JP Morgan and Morgan Stanley. Hyundai Motor India IPO will be the first automobile comoany IPO since the listing of Maruti Suzuki in 2003. Hyundai Motor India is India’s second-largest carmaker after Maruti Suzuki India with a revenue of Rs 60,000 crore in FY23. Hyundai Motor India’s FY23 net profit stood at Rs 4,653 crore.
Hyundai Motor India IPO: The carmaker announced the launch of India’s largest IPO next week. Check key dates GMP, minimum lost size and price band. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
