Hyundai Motor India Limited IPO

Hyundai Motor India Limited’s IPO opens for subscription on October 15, 2024, and closes on October 17, 2024. The allotment for the Hyundai Motor IPO is expected to be finalized on Friday, October 18, 2024. The IPO will be listed on BSE and NSE, with a tentative listing date fixed as Tuesday, October 22, 2024.

Hyundai Motor’s IPO price band is set at ₹1900 to ₹1960 per share. The minimum lot size for an application is 7 Shares. The minimum amount of investment required by retail investors is ₹13,720. The minimum lot size investment for sNII is 15 lots (105 shares), amounting to ₹205,800, and for bNII, it is 73 lots (511 shares), amounting to ₹1,001,560.

Hyundai Motor IPO is a book-built issue of Rs 27,870.16 crores. It is entirely an offer to sell 14.22 crore shares.

Hyundai Motor IPO Details

Hyundai Motor IPO Lot Size

Investors can bid for a minimum of 7 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Hyundai Motor IPO Objectives

The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.

About Hyundai Motor India Limited

Hyundai Motor India Limited, established in May 1996 and part of the Hyundai Motor Group, is a leading automotive manufacturer in India, known for producing a diverse range of reliable and innovative passenger vehicles, including sedans, hatchbacks, SUVs, and electric models. With a robust network of 1,366 sales points and 1,550 service centers across the country, the company has sold nearly 12 million vehicles by March 2024. Its Chennai manufacturing plant supports the production of various models such as the Grand i10 NIOS, Creta, and the Ioniq 5, and it exports vehicles to multiple regions, including Africa and South Asia. As of December 31, 2023, Hyundai has partnered with 363 dealers in India to enhance its distribution and sales.

Hyundai Motor India Limited Financial Information 

Hyundai Motor IPO Reservation

Hyundai Motor IPO Timeline 

Hyundai Motor IPO opens on October 15, 2024, and closes on October 17, 2024.