Hyundai Motor India Limited is set to launch its much-anticipated Initial Public Offering (IPO) on Tuesday, October 15, 2024. The IPO will close on Thursday, October 17, 2024. With an issue size ranging from ₹26,505 crore to ₹27,856 crore, this IPO aims to make a significant impact on the Indian stock market.
Hyundai Motor India IPO Key Details
The Hyundai Motor India IPO offers the sale of 142,194,700 equity shares. Below are the detailed key aspects of the IPO:
Issue Details
- Offer for Sale: 142,194,700 equity shares
- Issue Size: ₹26,505 crore – ₹27,856 crore
- Face Value: ₹10 per share
- Price Band: ₹1,865 – ₹1,960
- Bid Lot: 7 shares and in multiples thereof
The post-issue implied market capitalization ranges between ₹1,51,539 crore and ₹1,59,258 crore.
IPO Category Breakdown
The IPO offers reservations in different categories, detailed as follows:
- Retail Category:
- Minimum Bid Lot: 7 shares
- Minimum Bid Lot Amount: ₹13,720 (at upper price band)
- Reservation: 35% of the net offer (approximately 49,495,705 shares)
- Non-Institutional Investors (NII):
- Bid Amount Between ₹2 Lakhs to ₹10 Lakhs:
- Minimum Bid Lot: 105 shares
- Bid Lot Amount: ₹2,05,800
- Bid Amount Above ₹10 Lakhs:
- Minimum Bid Lot: 511 shares
- Bid Lot Amount: ₹10,01,560
- Reservation: 15% of the net offer (approximately 21,212,445 shares)
- Bid Amount Between ₹2 Lakhs to ₹10 Lakhs:
- Qualified Institutional Buyers (QIB):
- Reservation: 50% of the net offer (approximately 70,708,150 shares)
Employees Reservation and Discount
The company has allocated up to 778,400 equity shares for employee reservation, with an employee discount of ₹186 per share.
Indicative Timeline for Hyundai Motor India IPO
The timeline for the Hyundai Motor India IPO is as follows:
- Finalization of Basis of Allotment: On or about October 18, 2024
- Refunds Initiation/Unblocking of Funds: On or about October 21, 2024
- Credit of Equity Shares to Demat Accounts: On or about October 21, 2024
- Listing of Equity Shares on BSE and NSE: On or about October 22, 2024
Additional Notes
Investors using third-party UPI or ASBA bank accounts are liable for rejection of their applications. For more details and risk factors, please refer to the Red Herring Prospectus of Hyundai Motor India.
With a broad range of investor categories and attractive pricing, the Hyundai Motor India IPO promises to be one of the largest IPOs in Indian history. Investors should stay updated with the key dates and other details to participate in this significant offering.
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