HYUNDAI MOTOR INDIA LIMITED

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 9.98 crores equity shares amounting up to Rs 19,560.8 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.