Hyundai Motor India Limited has announced its upcoming initial public offering (IPO) with the price band fixed between ₹1,865 and ₹1,960 per equity share. The IPO is scheduled to open on October 15, 2024, and will close on October 17, 2024. The Anchor Investor Bidding Date is set for October 14, 2024.
The offering will involve an offer for sale of up to 142,194,700 equity shares by Hyundai Motor Company, the promoter selling shareholder. The company itself will not receive any proceeds from the sale of shares.
Key highlights of the IPO include:
- Minimum bid: 7 equity shares and in multiples of 7 thereafter.
- The equity shares are expected to be listed on both BSE Limited and National Stock Exchange of India Limited (NSE).
Potential investors should carefully consider the risk factors before investing, as outlined in the company’s red herring prospectus (RHP). For more details, the RHP can be accessed on Hyundai’s website and the websites of the Book Running Lead Managers (BRLMs), including Kotak Mahindra Capital, Citigroup, HSBC, J.P. Morgan, and Morgan Stanley.
