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Hyundai ipo

  Hyundai Motor India, which will be India's largest Initial Public Offering (IPO) till date, has fixed the price band for its public issue between ₹1,865 to ₹1,960 per equity share.

At the upper end of the price band, the IPO size will be ₹27,870 crore, which will surpass LIC's size of over ₹21,000 crore. The IPO will be a complete Offer For Sale (OFS), where the company's parent will be selling 14.2 crore shares or 17.5% of the total equity.


Investors can bid for one lot of seven shares, followed by multiples of seven thereafter.

Anchor investors will bid for the issue on October 14.

Hyundai ipo

The three-day issue will open for subscription on October 15 and close on October 17, 2024.

Half or 50% of the IPO has been reserved for Institutional Investors (QIB), while 15% of the issue has been reserved for non-institutional investors (NII). 35% of the IPO has been reserved for retail investors.

Hyundai Motor India shares will carry a face value of ₹10 each.

Hyundai ipo



The company will offer a discount of ₹186 per share to eligible employees who will be bidding in the IPO.

Hyundai Motor India is the second largest OEM and the second largest exporter of passenger vehicles and has a domestic market share of 14.6%.

For the month of September, Hyundai sold 64,201 units, a decline of 10% on a year-on-year basis. For 2024 so far, the company has sold 5.77 lakh units, which is flat compared to last year.
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