October 16, 2024
New Delhi, India
Hyundai Motor IPO
Hyundai Motor India Limited’s Initial Public Offering (IPO) opened on October 15, 2024, and will close on October 17, 2024. This IPO is an Offer for Sale (OFS) aiming to raise ₹27,870.16 crore. The price band is set between ₹1865 and ₹1960 per share.
Key Highlights:
- Grey Market Premium (GMP): Shares are currently trading at a premium of ₹65 in the grey market.
- Price Band: ₹1865 to ₹1960 per share
- IPO Dates: October 15-17, 2024
- Issue Size: ₹27,870.16 crore through an OFS
- Lot Size: 7 shares per lot
Subscription Status (As of Day 2, 10:30 AM):
- Total Subscription: 21%
- Retail Investors: 31%
- Non-Institutional Investors (NII): 16%
- Qualified Institutional Buyers (QIB): 5%
- Employee Quota: 99%
Also read: Deepak Builders & Engineers IPO: Price Band Set at ₹192-203, Subscription from Oct 21-23
Allotment and Listing Dates:
- Allotment Date: October 18, 2024
- Listing Date: October 22, 2024, on BSE and NSE
Lead Managers:
The lead managers for the IPO include:
- Kotak Mahindra Capital Company Ltd
- Citigroup Global Markets India Pvt Ltd
- HSBC Securities & Capital Markets Pvt Ltd
- J.P. Morgan India Pvt Ltd
- Morgan Stanley India Company Pvt Ltd
KFin Technologies is the official registrar for the issue.
Disclaimer:
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