Indian investors are eagerly awaiting the launch of the country’s biggest-ever IPO as Hyundai Motor is set to launch an Initial Public Offering (IPO) worth Rs 27,870.16 crore through a book-built issue.
Hyundai Motor IPO Subscription Window
The Hyundai Motor IPO, entirely an offer for sale of 14.22 crore shares, opens for subscription on October 15, 2024, and will close on October 17, 2024.
Related News |
Garuda Construction And Engineering IPO Opens Today: Check Latest GMP, Price Band, And Other Details
Hyundai Motor IPO Price Band
The price band for the Hyundai Motor IPO is set between Rs 1,865 and Rs 1,960 per share, with a minimum application lot size of 7 shares, requiring a retail investment of Rs 13,720. For sNII (small non-institutional investors), the minimum investment is Rs 205,800 for 15 lots (105 shares), while bNII (big non-institutional investors) will need to invest Rs 1,001,560 for 73 lots (511 shares).
A reservation of up to 778,400 shares is available for employees at a discount of Rs 186 to the issue price.
Hyundai Motor IPO Allotment And Listing Date
The allotment of Hyundai Motor IPO shares is expected to be finalised on Friday, October 18, 2024, with the company’s listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) tentatively set for Tuesday, October 22, 2024.
Hyundai Motor IPO GMP
As per multiple websites that track the grey market premium activities, the shares of Hyundai Motor IPO are commanding a GMP in the price range of Rs 40 – Rs 50 in the unlisted market.
Hyundai Motor will not receive any proceeds from the IPO, with the funds going to the Promoter Selling Shareholder after deductions for offer-related expenses and applicable taxes.
Related News |
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money related decisions.)