Hyundai Motor India is set to launch an initial public offering (IPO) on Dalal Street on October 15. Under the much-anticipated IPO of the carmaker, whose popular models include Grand i10, Exter, Aura and IONIQ 5, potential investors will be able to bid for Hyundai Motor India shares in the price band of Rs 1,865-1,960 per equity share. Estimated to be worth around Rs 27,870 crore, the IPO will be the largest so far in 2024. 

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Here are 10 things to know about this development: 

  • Important Dates: The IPO will be open for subscription for three trading days till October 17, with bidding by anchor investors set to take place on October 14.
  • Issue Price: Under the IPO, shares will be available for bidding in a price band of Rs 1,865-1,960 per unit. 
  • Lot Size: Participants will be able to bid for shares in Hyundai Motor, part of the Hyundai Motor Group, in multiples of 7 equity shares during the IPO, which means bidders will have to shell out Rs 13,055-13,720 per lot. 
  • Type of Issue: The IPO comprises an offer for sale (OFS) of 14.2 crore Hyundai Motor India shares by the company's promoter, Hyundai Motor Company. This means that the auto maker will not receive any proceeds from the sale. 
  • First Group Listing Outside South Korea: The Hyundai Motor India IPO will be its parent's first stock market listing outside South Korea.

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