India’s largest Hyundai Motor India IPO gets back at larger, readied to open up on Oct 15 

Hyundai Motor India Ltd IPO is readied to open up on October 15. The nation’s second biggest cars and truck supplier, on Wednesday, has actually taken care of a cost band at 1,865-1,960 per share.

Due to huge need, Hyundai Motor India, has actually boosted its concern dimension by over a tenth to Rs 27,800 crore, up from Rs 25,000 crore prepared previously.

The closing day for membership of Hyundai Motor India IPO will certainly be October 17. Institutional financiers can purchase the support publication of the firm for a day on October 14.

The Indian device of the South Korean company – Hyundai Motor Company – is valued at Rs 1.59 lakh crore at the top rate band.

Post the concern, the moms and dad company will certainly hold 82.5 percent risk in the Indian device.

The Hyundai Motor India IPO is totally an offer-for-sale of 14.2 crore equity shares by marketer Hyundai Motor Company without any fresh concern part.

Key indicate find out about Hyundai Motor India IPO

• Anchor proposal for Hyundai Motor IPO: October 14, 2024 (Monday).

• Hyundai Motor India IPO membership day: October 15, 2024 (Tuesday).

• Hyundai Motor India IPO membership last day: October 17, 2024 (Thursday).

• Hyundai Motor India IPO part – October 18, 2024 (Friday) [Tentatively].

• Hyundai Motor India shares will certainly be attributed to require accounts on October 21, 2024 (Monday).

• Investors can position a quote for a minimum of 7 equity shares and in multiples of 7 shares after that.

• Retail financiers can spend a minimum of Rs 13,720 (for a solitary great deal of 7 shares) in the Hyundai Motor India IPO.

• Maximum financial investment would certainly be Rs 1,92,080 (for 14 great deals of 98 shares) as they can not spend greater than Rs 2 lakh in the Hyundai Motor India IPO.

• Hyundai Motor India Ltd has actually booked fifty percent of its internet concern dimension (deal much less than staff members allocation) for certified institutional purchasers.

• 15 percent has actually been booked for non-institutional financiers, and the continuing to be 35 percent for retail financiers.

• Hyundai Motor India Ltd staff members will certainly rise to 7,78,400 equity shares in the IPO at a discount rate of Rs 186 per share to the last concern rate.

Hyundai Motor India IPO will certainly be India’s biggest public concern, going beyond the previous document embeded in May 2022 of Rs 21,008 crore public concern by the state-owned Life Insurance Corporation (LIC) India.

With inputs from companies.