Hyundai Motor India IPO:Investors’ anticipation comes to an end as Hyundai Motor India, the Indian subsidiary of South Korean automaker Hyundai, has unveiled the timeline, lot size, price band, and other crucial details of its highly anticipated initial public offering (IPO).
Valued at approximately Rs 27,870.16 crore, the Hyundai Motor India IPO is poised to be the largest in India since the Rs 21,000 crore IPO of Life Insurance Corporation of India (LIC).
Hyundai Motor India, the second-largest player in the country’s passenger vehicle market, is set to make its first stock market debut outside South Korea. The Hyundai Motor India IPO will be entirely an offer for sale, with the promoter, Hyundai Motor Company, divesting up to 142,194,700 equity shares, each with a face value of Rs 10.
Hyundai Motor India IPO will be available at a price band of Rs 1,865-1,960, with a lot size of 7 shares. Accordingly, investors can bid for a minimum of 7 shares, and in multiples thereof. Furthermore, the minimum investment required by retail investors to bid for one lot of Hyundai Motor IPO is Rs 13,720.
The minimum lot size investment for sNII is 15 lots or 105 shares, aggregating up to Rs 205,800, and for bNII, it is 73 lots or 511 shares, aggregating up to Rs 1,001,560. Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report
