Hyundai Motor India has launched an IPO of ₹27,870.16 crores. The IPO, which opened for subscription on October 15, 2024, is entirely an offer for sale of 14.22 crore shares.

The IPO price band is set at ₹1,865 to ₹1,960 per share, with a minimum lot size of seven shares. This translates to a minimum investment of ₹13,720 for retail investors. The IPO is set to close on October 17, 2024.

Hyundai Motor IPO Subscription Status

As per NSE data, the Hyundai Motor IPO has been subscribed 0.21 times on the second day of bidding. The retail individual investor (RII) category has been subscribed 0.31 times, while the non-institutional investors category has seen a subscription of 0.16 times. The qualified institutional buyers (QIBs) category has been subscribed 0.05 times.

The IPO's allocation structure reserves up to 20% of the shares for QIBs, a minimum of 15% for non-institutional investors and at least 35% for retail Investors.

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Hyundai Motor IPO GMP

The Hyundai Motor IPO GMP is currently reported at ₹67. The IPO GMP, over and above the upper price band of ₹1,960, indicates a listing price of ₹2,027, representing a premium of 3.4%.

However, it's important to note that while GMPs can provide some insight into market sentiment towards an IPO, they are not always a reliable predictor of the stock's performance upon listing.

Hyundai Motor IPO Details

The Hyundai Motor IPO is a book built issue. The allotment for the Hyundai Motor IPO is expected to be finalised on October 18. The IPO will list on BSE, NSE with a tentative listing date fixed as October 22. The issue includes a reservation of up to 7,78,400 shares for employees offered at a discount of ₹186 to the issue price.

Hyundai Motor India, incorporated in May 1996, 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.

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