Hyundai Motor IPO Details
The Hyundai Motor IPO is a book build issue with a total issue size of ₹27870.16 cr, and a offer for sale of 142194700 equity shares. Hyundai Motor IPO opened for subscription on Oct 15, 2024 and closed on Oct 17, 2024. Hyundai Motor IPO is set price band at ₹1865 to ₹1960 per share, with a lot size of 7 shares. Minimum investment for Retail investors was ₹13,720.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Oct 18, 2024, and listed on both the NSE and BSE on Oct 22, 2024.
Kfin Technologies Limited has been appointed as the registrar. J.P. Morgan India Private Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Hsbc Securities & Capital Markets Pvt Ltd and Morgan Stanley India Company Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Hyundai Motor IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 1865 – 1960
- Lot Size
- 7
- Issue Size
- ₹27870.16 Cr
- Minimum Investment
- ₹13720 (7 Shares)
- Listing Date
- 22 October 2024
Current GMP
₹62 (+3.16%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Hyundai Motor India Limited
Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer ("OEM") in the world based on passenger vehicle sales.
The company manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines.
The company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India.
As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports.
The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs).
The company's models include the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5.
As of December 31, 2023, the company had partnered with 363 dealer companies for distribution and sales in India.
HMIL's manufacturing plant is situated near Chennai can produce its full range of vehicle models. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Hyundai Motor IPO Promoters
The promoter of the company
- Hyundai Motor Company.
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
82.50%
Hyundai Motor IPO Objective
The Company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds
will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes
thereon, to be borne by the Promoter Selling Shareholder.
Address / Contact Info
Hyundai Motor India Limited
Plot No. H-1, SIPCOT Industrial Park
Irrungattukottai, Sriperumbudur Taluk
Kancheepuram District-602105
Phone: +91 446710 5135
Email: complianceofficer@hmil.net
Website: https://www.hyundai.com/in/en
IPO Snapshot
Book Running Lead Managers
- J.P. Morgan India Private Limited
- Citigroup Global Markets India Private Limited
- Kotak Mahindra Capital Company Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Morgan Stanley India Company Private Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Hyundai Motor IPO is a Book-building IPO with a total issue size of ₹27870.16 crore. The Hyundai Motor IPO price band is ₹1865 to 1960 per share. The Hyundai Motor IPO subscription opens on Tue, Oct 15, 2024, and closes on Thu, Oct 17, 2024. The Hyundai Motor IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Hyundai Motor IPO.
The Hyundai Motor IPO opens on Tue, Oct 15, 2024 and closes on Thu, Oct 17, 2024
Hyundai Motor IPO Price Band is ₹1865 to 1960 per share.
Hyundai Motor IPO lot size is 7 shares, Retail investors need a minimum investment of ₹13720 based on the upper price band
The minimum investment for Hyundai Motor IPO is ₹13720, based on one lot of 7 shares at the upper price band of ₹1960 per share.
Investors can apply for the Hyundai Motor IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 17, 2024. The application amount remains blocked until the Hyundai Motor IPO allotment is finalized.
Hyundai Motor IPO issue size is ₹27870.16 crores.
Hyundai Motor IPO allotment date is Wed, Jul 1, 2026.
The registrar for Hyundai Motor IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Hyundai Motor IPO allotment status, refund processing, and other IPO-related information.
The Hyundai Motor IPO GMP (Grey Market Premium) is ₹62 as of Tue, Oct 22, 2024. Based on the upper price band of ₹1960 per share, the estimated Hyundai Motor IPO listing price is ₹2022, indicating a potential listing gain of approximately 0% over the issue price.