Hyundai Motor India IPO Opens today: Check GMP, subscription status, review, other details.
India’s largest-ever public offering, Hyundai Motor India Ltd’s (HMIL) IPO, opened today. Just a day prior, on Monday, HMIL secured Rs 8,315 crore from more than 200 anchor investors. The public offering, valued at Rs 27,870 crore, is the biggest share issuance India has witnessed to date. Stay updated with live Hyundai IPO GMP updates and more.
The much-anticipated Hyundai Motor India Ltd (HMIL) IPO, India’s biggest-ever public offering, opened for bidding today. By 10:27 AM on day one, the book build issue had been subscribed 0.03 times, with the retail portion booked 0.05 times and the non-institutional investor (NII) portion subscribed 0.03 times.
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Hyundai Motor India IPO, GMP, Price, Dates
- Hyundai Motor IPO GMP: According to stock market observers, the company’s shares are trading at a premium of ₹65 in the grey market today.
- Hyundai Motor IPO Price: Hyundai Motor India has set a price band of ₹1,865 to ₹1,960 per equity share for its public offering.
- Hyundai Motor IPO Dates: The public issue opened today and will remain open until Thursday. Bidding began at 10:00 AM today.
- Hyundai Motor IPO Size: Hyundai Motor India aims to raise ₹27,870.16 crore through this public offering, which is an Offer for Sale (OFS).
- Hyundai Motor IPO Lot Size: Investors can apply for the IPO in lots, with each lot consisting of seven company shares.
- Hyundai Motor IPO Allotment Date: The likely date for share allocation is 18th October 2024 (Friday).
- Hyundai Motor IPO IPO Registrar: KFin Technologies has been appointed as the official registrar for this book build issue.
- Hyundai Motor IPO Lead Managers: The lead managers of the IPO include Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd.
- Hyundai Motor IPO Listing Date: The IPO is expected to be listed on both BSE and NSE on 22nd October 2024, following the ‘T+3’ listing rule.
With robust financials and a diversified product lineup, Hyundai Motor India presents a solid prospect for long-term investors looking to capitalize on this historic public offering.
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