- By Aditya Pratap Singh
- Wed, 09 Oct 2024 12:37 PM (IST)
- Source:JND
Hyundai Motor India IPO: Hyundai Motor India Ltd has set a price range of Rs 1,865 to Rs 1,960 per equity share for its Rs 27,855 crore initial public offering (IPO). While the IPO will be open for subscription between October 15 and October 17, there will be a day on October 14 for anchor investors. Hyundai Motors India’s IPO is completely an offer for sale by South Korean automaker Hyundai Motor Co., it will sell up to 14,21,94,700 equity shares.
Hyundai Motors IPO lot size- Investors will have to purchase a lot of 7 equity shares followed by multiples of 7 equity shares.
Hyundai Motors IPO Issue Size - Rs 27,855
Hyundai Motors IPO Price Band- Rs 1,865-Rs 1,960
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Hyundai Motors IPO Bidding Date - October 15 to October 17
Hyundai Motors IPO Reservations
- The Company has reserved up to 50% of the shares for Qualified Institutional Buyers (QIBs).
- Gor Non-Institutional Investors- Not less than 15%
- 35% of the IPO is reserved for retail investors.
- The employee reserve portion includes up to 778,400 equity shares.
Hyundai Motors IPO share allotment and listing date
Hyundai Motor India’s share allotment on an IPO basis will be finalized on Friday, October 18, and the company will initiate the refund on Monday, October 21, while the shares will be credited to the demat accounts of the allottees on the same day after the refund. Shares of Hyundai Motor India are expected to be listed on Tuesday, October 22 on BSE and NSE.
Hyundai Motor India IPO GMP today
Investorgain.com reported that Hyundai Motor India's share price was trading at a premium of ₹147 in the grey market. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated list price of Hyundai Motor India shares is quoted at Rs 2,107, which is 7.5% higher than the IPO price of Rs 147.
