Hyundai Motor IPO Details Released Before Diwali 2024

Hyundai Motor India IPO details released before Diwali 2024. The IPO subscription open date is 15 October and close date is 17 October 2024. Hyundai Motor IPO is a book-built issue of 14.22 crores equity shares amounting to Rs 27, 870.16 crore. This upcoming IPO is entirely an offer for sale.

Hyundai Motor India IPO price band is decided at Rs 1,865 to Rs 1,960. However, the face value is Rs 10 per share. The reservation of not more than 50% of the new offer is reserved for Qualified Institutional Investors, not less than 15% reserved for NII and the remaining 35% or more reserved for retail investors.

Hyundai Motor India IPO DRHP mentioned that the listing will be on both the exchanges – NSE and BSE. The final opening and closing dates are October 15 to October 17, 2024.

Hyundai Motor India IPO subscription status is likely to get a huge response from all over India. The subscription book will get oversubscribed on the first day of IPO issue. In Bigul, investors can pre-apply within the App by visiting the Bigul. 

Hyundai Motor India IPO allotment date is Friday, October 18, 2024. The minimum investment required for retail category investors is Rs 13,720. For small HNI minimum investment is Rs 2,05,800 and for Big HNI the minimum investment is Rs 1,001,560 lakh. 

Currently, Hyundai Motor India IPO GMP (grey market premium) quoting Rs 147 per share. As per expectations, the GMP is to be around 50% of the IPO issue price and likely to increase by the last day of the subscription.

Hyundai Motor India IPO Open Date, Close Date, Price Band, Lot Size

Hyundai Motor India IPO open date is October 15 and closes on October 17, 2024. The listing date is decided on October 22, 2024. The face value is Rs 10 per share. Hyundai IPO price band decided at Rs 1,865 to Rs 1,960 per share. The lot size is 7 shares. The company offered a discount to its employees of Rs 186 per share.

About Hyundai Motor India Limited

Hyundai Motor India Limited, part of the Hyundai Motor Group, is getting ready for its IPO in the third week of October 2024. It is the second-largest auto OEM in India. Since 2009, HMIL has established a reputation for manufacturing reliable, feature-rich, and innovative vehicles, including sedans, hatchbacks, SUVs, and EVs. The most popular and loved Hyundai Motor Mid-size SUV running on Indian roads is "Creta. Since 1998, HMIL has sold nearly 12 million passenger vehicles in India and abroad. The company benefits from Hyundai Motor Group's extensive R&D capabilities and strong brand recognition, which have bolstered its market position and operational efficiency. Hyundai Motor India manufacturing facilities in Chennai and Talegaon are set to boost production capacity to over 1 million units annually.

Hyundai Motor India IPO Objectives

Hyundai Motor India IPO objective is to raise funds from the public. However, this recent IPO is entirely an Offer-for-sale. The funds will directly go to the selling shareholders. The company will not receive any funds raised through this upcoming IPO.

Hyundai Motor India IPO: Key Dates, Allotment, Listing Date

Hyundai Motor India IPO open date, closing date, allotment date, listing date, initiation of refunds date and UPI mandate date are released. You can check the dates on the table attached below. Also, investors can pre-apply the IPO and increase the chances of getting the allotment.

Hyundai Motor India IPO Subscription Details, IPO Reservation

Hyundai Motor India IPO subscription will be available after the IPO opens on 15^th October that is before Diwali 2024. The reservation of not more than 50% of the new offer is reserved for Qualified Institutional Investors, not less than 15% reserved for NII and the remaining 35% or more reserved for retail investors.

Hyundai Motor India IPO Allotment Details

Hyundai Motor India IPO Allotment details are available in the registrar website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website. The name of the registrar is Kfin Technologies Limited.

Hyundai Motor India IPO GMP

Currently, Hyundai Motor India IPO GMP (grey market premium) quoting Rs 147 per share. The expected GMP will be around 20% of the IPO issue price and likely to increase by the last day of the subscription. If the subscription got oversubscribed on the first day then Hyundai Motor India IPO GMP might rise in the coming days.

Hyundai Motor India IPO Lot Size Details

Hyundai Motor India IPO lot size is of 7 shares. For the QIB not more than 50% of the net shares offered is reserved. For NII, not less than 15% and for the retail category 35% of the net shares offered is reserved.

Hyundai Motor India IPO Promoter Holdings

Hyundai Motor India IPO promoter holdings are Hyundai Motor Company. The shareholding before the IPO is 100% and after the IPO it will decline to 82.50%.

Hyundai Motor India Limited Company Financials (Amt in Rs. Crore)

Hyundai Motor India Limited posted revenue of Rs 17,567.98 crore and net profit of Rs 1,489.65 crore for the period ending on 31 Jun 2024. The revenue increased by 16% and profit after tax rose by 29% between the FY ending on March 31, 2024 and March 31, 2023.

Hyundai Motor India IPO Registrar

Hyundai Motor India IPO registrar is Kfin Technologies. Investors can directly check the allotment status by visiting the registrar website. On the date of allotment, investors have to visit the registrar and select the company name and enter PAN or application ID to know their allotment status.

Hyundai Motor India IPO Lead Managers

Hyundai Motor India IPO lead managers' are Kotak Mahindra Capital Limited, Citigroup Global Markets India Private Limited, Hsbc Securities and Capital Markets Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Private Limited.

How to apply to the Hyundai Motor India IPO

Interested investors can apply to the Hyundai Motor India IPO directly from the Bigul trading app and you can also apply by clicking here. Investors can also check the details of other upcoming IPO in Bigul.

Hyundai Motor India IPO Review

Hyundai Motor India IPO review is likely to be very positive. It is one of the biggest IPO in Indian history and the brand name which Hyundai holds in the automobile industry is really big. This recent IPO is expected to get oversubscribed on the first day of the subscription. 

Hyundai Motor India IPO FAQ

1. What are the details of the Hyundai Motor India IPO?

Hyundai Motor India IPO details are released before Diwali 2024. The final IPO subscription open date is 15 October and closes on 17 October 2024. Hyundai Motor IPO is a book-built issue of 14.22 crores equity shares. This upcoming IPO is entirely an offer for sale.

2. When will the Hyundai Motor India IPO open and close?

Hyundai Motor India IPO subscription open date is October 15, 2024 and closes on 17 October 2024. The allotment date is 18 October 2024.

3. What is Hyundai Motor India IPO GMP?

Currently, Hyundai Motor India IPO GMP (grey market premium) quoting Rs 147 per share. As per expectations, the GMP will be around 50% of the IPO issue price and likely to increase by the last day of the subscription. If the subscription got oversubscribed on the first day then Hyundai Motor India IPO GMP might rise in the coming days.

4. What are the details of the Hyundai Motor India IPO reservation?

Hyundai Motor India IPO reservation of not more than 50% of the new offer is reserved for qualified institutional investors, not less than 15% is reserved for NII, and the remaining 35% or more is reserved for retail investors.

5. Write the details of the IPO Allotment.

Hyundai Motor India IPO Allotment details are available in the registrar website. Once the subscription ends after the closing of IPO bidding. The allotment of investors who applied for IPO will be available on the registrar website. The name of the registrar is Kfin Technologies Limited.

6. Who is the registrar and lead managers for Hyundai Motor India IPO?

Hyundai Motor India IPO registrar is Kfin Technologies Limited. Investors can directly check the allotment status by visiting the registrar's website. On the date of allotment, investors have to visit the registrar and select the company name and enter PAN or application ID to know their allotment status. The lead manager's details are Kotak Mahindra Capital Limited, Citigroup Global Markets India Private Limited, Hsbc Securities and Capital Markets Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Private Limited.

You May Also Read:

1. Hyundai Motor India Gearing Up For IPO; Company Plans to File DRHP in June
2. Hyundai Motor Filed DRHP: Read Everything about the Public issue
3. Exide Shares Up 13%; Hyundai Motor and Kia Announce Partnership Wit