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Hyundai Motor IPO
Hyundai Motor India Limited is all set to hit the market with its much-anticipated IPO.The Hyundai Motor IPO is a book-built issue worth ₹27,870.16 crore, making it one of the largest public offerings in recent times. This upcoming IPO opens for subscription on October 15, 2024, and closes on October 17, 2024. The company, a part of the globally renowned Hyundai Motor Group, is already well-established in India’s automotive market, and this IPO is expected to attract significant attention from investors.
In this blog, we’ll break down the key details of the Hyundai Motor IPO, including the price band, allotment date, listing details, and more, so you can make an informed decision. Let’s dive right into it!
Important Details of Hyundai Motor IPO
- IPO Open Date: October 15, 2024
- IPO Close Date: October 17, 2024
- Allotment Date: October 18, 2024 (Tentative)
- IPO Listing Date: October 22, 2024 (Tentative)
- IPO Price Band: ₹1865 to ₹1960 per share
- Issue Size: ₹27,870.16 crore
- Offer for Sale: 14.22 crore shares
- Listing on: NSE and BSE
Hyundai Motor IPO Lot Size and Minimum Investment
Here’s a breakdown of the investment required based on the lot sizes for retail and non-institutional investors:
| Investor Type | Minimum Lot | Shares | Minimum Investment |
|---|---|---|---|
Retail Investors | 1 Lot | 7 Shares | ₹13,720 |
S-HNI (Small HNI) | 15 Lots | 105 Shares | ₹205,800 |
B-HNI (Big HNI) | 73 Lots | 511 Shares | ₹1,001,560 |
For retail investors, the minimum application size is one lot, which equals seven shares. The minimum investment required for Hyundai IPO is ₹13,720. On the other hand, for high net worth individuals (HNIs), the minimum lot size for S-HNIs is 15 lots (₹205,800) and for B-HNIs, it is 73 lots (₹1,001,560).
Hyundai Motor IPO Reservation
The Hyundai Motor IPO has different categories of investors with the following allocation breakdown:
- Qualified Institutional Buyers (QIBs): Not more than 50% of the net issue
- Retail Investors: Not less than 35% of the net issue
- Non-Institutional Investors (HNIs): Not less than 15% of the net issue
The IPO allotment status will be finalized on October 18, 2024, and the shares will be credited to the Demat accounts of successful applicants shortly after.
Hyundai Motor: A Great company in India’s Auto Market
Incorporated in 1996, Hyundai Motor India Limited is a subsidiary of the Hyundai Motor Group, the third-largest auto original equipment manufacturer (OEM) globally. The company is known for producing reliable, feature-rich, and innovative four-wheeler passenger vehicles. Hyundai's strong market presence is backed by its cutting-edge technology, and its impressive network of 1,366 sales points and 1,550 service centers across India.
Financial Performance:
Hyundai Motor India Limited has shown significant growth in recent years:
- Revenue increased by 16% between FY24 and FY23, reaching ₹71,302.33 crore in FY24.
- Profit After Tax (PAT) grew by 29%, from ₹4,709.25 crore in FY23 to ₹6,060.04 crore in FY24.
Hyundai Motor IPO Grey Market Price (GMP) and Sub2 Rate
As of now, the Hyundai IPO grey market price (GMP) has generated considerable interest among investors. The grey market is where shares are traded unofficially before they are listed on the stock exchanges. Investors keep an eye on the Hyundai IPO GMP to gauge the market sentiment and potential listing gains. While exact figures for the Hyundai IPO GMP is around 10% before it was 20% that means Hyundai IPO GMP crashed by 50%, this will likely play a big role in shaping investos who waiting for this IPO.
Additionally, the Hyundai IPO sub2 rate has also attracted attention. This refers to the second-round subscription price, often discussed by larger investors and market participants in the IPO market.
Objects of the Issue
Since the IPO is purely an offer for sale, Hyundai Motor India Limited will not receive any proceeds from the issue. All the proceeds will go to the promoter selling shareholder after accounting for expenses and taxes.
How to Apply for Hyundai Motor IPO
Applying for the Hyundai Motor IPO as follows.
- Open a Demat Account: If you don’t already have one, you’ll need a Demat account to apply for the IPO.
- Use ASBA: Apply through your bank’s ASBA (Application Supported by Blocked Amount) service, where the amount is blocked in your account until the shares are allotted.
- Apply Online: You can also apply through popular trading platforms like Zerodha, Groww, or Paytm Money. You can also apply through Net Banking with your bank.
- Check IPO Allotment Status: Once the allotment is finalized on October 18, 2024, you can check the IPO allotment status online.
FAQs About Hyundai Motor IPO
1. What is the Hyundai Motor IPO size?
The Hyundai Motor IPO is worth ₹27,870.16 crore, offering 14.22 crore shares for sale.
2. What are the Hyundai Motor IPO dates?
The IPO opens on October 15, 2024, and closes on October 17, 2024. The allotment is expected on October 18, 2024, and the listing is tentatively scheduled for October 22, 2024.
3. What is the price band for Hyundai Motor IPO?
The price band for Hyundai Motor IPO is set at ₹1865 to ₹1960 per share.
4. How can I apply for Hyundai Motor IPO?
You can apply through your bank’s ASBA service or via trading platforms like Zerodha or Groww. Make sure you have a valid Demat account.
5. What is the minimum investment for Hyundai Motor IPO?
Retail investors can apply with a minimum of one lot (7 shares), amounting to ₹13,720.
6. What is Hyundai Motor IPO grey market price (GMP)?
The grey market price (GMP) reflects the premium at which the shares are traded unofficially before listing. Keep an eye on the Hyundai IPO GMP which is currently around 10% for potential listing gains.
7. When will the Hyundai Motor IPO allotment status be announced?
The allotment status will be announced on October 18, 2024.
This blog provides you with a comprehensive breakdown of the Hyundai Motor IPO, ensuring you have all the details to make an informed decision. Keep an eye on the market for updates on the IPO allotment status, grey market price (GMP), and other key developments. Happy investing!
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