Hyundai Motor India IPO GMP : Hyundai Motor India Limited is ready to launch its IPO. The company is targeting to raise around Rs 27,870 crore through a book-built issue. The three-day subscription window for the Hyundai Motor IPO will open for investors this week. As the IPO is getting closer, all eyes are now on the grey market premium of the IPO, which is indicating a good response among investors.

Hyundai Motor India IPO GMP: Hyundai Motor IPO GMP

According to several websites that track IPO GMPs, the current GMP of Hyundai Motor IPO is Rs 75, indicating an estimated listing price of Rs 2,035 per share, potentially giving a gain of 3.83%. GMP is the premium that investors are willing to pay over the cap price in the grey market.

Hyundai Motor IPO Details

The subscription window for the Hyundai Motor IPO will open between October 15, 2024, and October 17, 2024. The Hyundai Motor IPO is entirely an offer for sale of 142,194,700 shares. The price band of the Hyundai Motor IPO has been fixed at Rs 1865 to Rs 1960 per share. The minimum lot consists of 7 shares, which means the minimum investment is Rs 13,720. Allotment of non-listed shares is expected to be completed on Friday, October 18, 2024.

Who are the registrars to the issue?

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Private Limited, JPMorgan India Private Limited, and Morgan Stanley India Company Private Limited are the book-running lead managers to the Hyundai Motor IPO, while KFin Technologies Limited is the registrar to the issue.

Hyundai Motor India IPO Listing: When will Hyundai Motor IPO be listed?

Hyundai Motor IPO shares will be listed on Tuesday, October 12, 2024.

About Hyundai Motor India

Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC). HMIL operates with a network of 1,366 sales points and 1,550 service centers across India. The model line-up includes car models for different customer segments, including Grand i10 NIOS, i20, i20 N Line, AURA, EXTER, VENUE, VENUE N Line, VERNA, CRETA, CRETA N Line, ALCAZAR, TUCSON and the all-electric SUV IONIQ 5.