Hyundai Motor India Limited’s initial public offering (IPO) opened on October 15, 2024, and will remain open for subscription until October 17, 2024. Investors can submit their bids during this three-day window from Tuesday to Thursday.
As of 12:04 PM on the first day of bidding, the IPO has been subscribed 0.10 times overall. The retail portion of the issue has been subscribed 0.16 times, while the non-institutional investor (NII) portion has been subscribed 0.07 times.
The price range for the Hyundai Motor India IPO has been set between ₹1865 – ₹1960 per equity share. This public issue is entirely an Offer for Sale (OFS), meaning the funds raised will not be added to the company’s balance sheet.
Hyundai Motor India aims to raise ₹27,870.16 crore through this IPO, as existing shareholders sell their stake via the OFS.
Investors can apply for the IPO in lots, with each lot containing 7 shares of the company.
The expected date for share allotment is October 18, 2024, with the listing of shares likely to take place on October 22, 2024.
Leading financial firms such as Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, J.P. Morgan, and Morgan Stanley have been appointed as the lead managers for this IPO. KFin Technologies has been designated as the official registrar for the public issue.
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