Hyundai Motor India Limited IPO Kicks Off: 10 Key Points To Know|Economy News

New Delhi: The much awaited going public (IPO) of Hyundai Motor India Limited opened up on Tuesday, October 15, 2024. The Bid/Offer Opening Date, being Monday, October 14, 2024 while the Closing Date is Thursday, October 17, 2024. The Company’s going public consists of a sell of as much as 142,194,700 Equity Shares by Hyundai Motor Company.

Hyundai Motor India on Monday increased Rs 8,315.28 crore from 225 support financier at Rs 1,960 per share (the top end of the cost band), a day prior to its public concern opening.It consisted of 21 residential common funds via a total amount of 83 plans (34.42 percent of the overall appropriation to support financiers). The business has actually settled the appropriation of 4.2 crore equity shares to support financiers at a rate of Rs 1,960 per share.

Hyundai Motor India Limited IPO: Here Are 10 Key Things You Want To Know

1. IPO Price Band dealt with at Rs 1,865 per equity share to Rs 1,960 per equity share of the stated value of Rs 10 each .
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2.
Anchor Investor Bidding Date– Monday, October 14, 2024 . .

3.Bid/ Offer Opening Date– Tuesday,October 15, 2024, and Bid/ Offer Closing Date– (* ), Thursday 17, 2024October 4.

can be produced a minimum of 7 Bids and in multiples of 7Equity Shares after that . .Equity Shares 5.(* )greater than 50% of the

will be readily available for appropriation on a proportional basis to Not . . Net Offer 6. 5% of the(* )QIB Qualified Institutional Buyers will be readily available for appropriation on a proportional basis just to

, based on legitimate Net being obtained at or over the(* ), and the rest of thePortion QIB Mutual Funds will be readily available for appropriation on a proportional basis to all QIBs (besides Bids), consisting ofOffer Price, based on legitimate Net being obtained at or over the Portion . . Anchor Investors 7.Mutual Funds much less than 15% of the Bids will be readily available for appropriation toOffer Price-

of which one-third of the(* )- Not will be readily available for appropriation to(* )with an application dimension of greater than Net Offer 200,000 and as much as Non 1,000,000 and two-thirds of the Institutional Investors-Non will be readily available for appropriation to Institutional Category with an application dimension of greater than Bidders 1,000,000 .
.(* )8.(* )much less than 35% of the Rs will be readily available for appropriation to Rs .
. Non 9. Institutional Category, Bidders, HSBC Rs and

(Not ) Net Offer, J.P. Retail Individual Investors and

are the(* )to theKotak Mahindra Capital Company Limited . .
Citigroup Global Markets India Private Limited 10.
Securities of the Capital Markets are suggested to be detailed on BSE India and the Private Limited of Morgan India Private Limited . . Morgan Stanley India Company Private Limited Book Running Lead Managers.