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Hyundai Motors IPO News: Hyundai Motor India's IPO will be open for anchor investors today i.e. 14 October. However, retail investors will be able to place their bids from October 15 i.e. Tuesday. Hyundai's IPO is the largest ever in the primary market history as the company aims to raise Rs 28,870.16 crore from the primary market. 

The company aims to raise over 8,000 crore through anchor investors

The IPO of Hyundai Motor India is opening for anchor investors today i.e. 14 October and the automaker aims to raise Rs 8,215.28 crore from them. Anchor investors are those investors who invest in IPOs in bulk and they are not allowed to withdraw their money on the listing day. The company locks their money for an average of 30 days to 6 months and anchor investors can sell their holding only after the stipulated period.

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Hyundai Motor IPO Details

Retail investors will be able to place their bids on Hyundai Motor India's IPO from tomorrow i.e. October 15 till October 17. The company has fixed a price band of Rs 1865 to Rs 1960 for the IPO and investors have to buy a lot of 7 shares (Hyundai Motors Lot Size), which means that bidders have to place a bid of at least Rs 13,720. Hyundai Motor India has given a discount of Rs 186 on one share to its employees.

Hyundai Motors IPO Grey market premium (GMP)

According to the report of Investors Gain, the company's position in the grey market is not very good. Investors are relieved that there has been no change in the GMP of the IPO from yesterday till today. Today Hyundai Motor India's IPO is trading at a premium of Rs 65. Hyundai's position in the grey market has become very weak during the last few days.

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