{"id":46289,"date":"2024-10-09T13:31:36","date_gmt":"2024-10-09T08:01:36","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=46289"},"modified":"2025-11-10T13:34:44","modified_gmt":"2025-11-10T08:04:44","slug":"hyundai-motor-to-launch-ipo-27870-cr-check-key-details-here","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/hyundai-motor-to-launch-ipo-27870-cr-check-key-details-here\/","title":{"rendered":"Hyundai Motor to Launch India’s Largest-Ever IPO Worth \u20b927,870.16 Cr. Check Key Details Here"},"content":{"rendered":"
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The festive season is here, and the Indian stock market<\/a> is buzzing! But this year, there’s an extra reason for auto enthusiasts to celebrate. One of the most anticipated IPOs of 2024, Hyundai Motor India, is all set to hit the market on October 15th. This offering will be a landmark event for several reasons.<\/p>\n\n\n\n

First, it will be India’s biggest-ever IPO<\/a>, surpassing the record set by LIC in 2022. Second, it will mark the return of a car manufacturer to the public market after a two-decade hiatus (remember Maruti Suzuki in 2003?). So, before you decide to jump in, let’s take a closer look at what Hyundai Motor India’s IPO<\/a> offers.<\/p>\n\n\n\n

Hyundai Motors India Limited<\/strong><\/h2>\n\n\n\n
Offer Price<\/td>\u20b91865 to \u20b91960 per share<\/td><\/tr>
Face Value<\/td>\u20b910 per share<\/td><\/tr>
Opening Date<\/td>15 October 2024<\/td><\/tr>
Closing Date<\/td>17 October 2024<\/td><\/tr>
Total Issue Size (in Shares)<\/td>142,194,700 <\/td><\/tr>
Total Issue Size (in \u20b9)<\/td>\u20b927,870.16 Cr<\/td><\/tr>
Issue Type <\/td>Book Built Issue IPO<\/a><\/td><\/tr>
Lot Size<\/td>7 Shares<\/td><\/tr>
Listing at<\/td>BSE<\/a>, NSE<\/a><\/td><\/tr><\/tbody><\/table>
Source: <\/strong>SEBI <\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

This IPO<\/a> is entirely an offer for sale by the South Korean auto giant Hyundai Motor Company. They aim to offload up to 14.22 crore equity shares, potentially raising a staggering \u20b927,870.16 crore. Here’s the breakdown of how the shares will be allocated: <\/p>\n\n\n\n

Qualified Institutional Buyers (QIBs)<\/td>Up to 50%<\/td><\/tr>
Non-Institutional Investors (NII)<\/td>Not less than 15%<\/td><\/tr>
Retail Investors<\/td>Not less than 35%<\/td><\/tr>
Employee Reservation<\/td>Up to 778,400 shares with a discount of \u20b9186 per share<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The IPO<\/a> price band is between \u20b91,865 and \u20b91,960 per share. Interestingly, the Indian subsidiary of Hyundai won’t receive any proceeds from this offering \u2013 the entire amount goes to the South Korean parent company. Mark your calendars! The anchor book for the issue opens on October 15th, with a tentative listing on both BSE and NSE expected for October 22nd.<\/p>\n\n\n\n

Objectives of Hyundai Motors India Limited IPO<\/strong><\/h3>\n\n\n\n

While the Indian entity doesn’t receive any direct financial benefit, the listing has several strategic advantages:<\/p>\n\n\n\n