The Hyundai Motor IPO is set to list Tomorrow, October 22, 2024, and all eyes are on the stock after the fluctuating grey market premium (GMP) performance. Initially, the GMP surged to ₹1,000, indicating high investor interest and confidence. However, the premium saw a significant dip, going as low as -₹80. Recently, it has recovered to ₹95, indicating a 4.85% premium over the issue price, with the expected listing price around ₹2,055.
Hyundai Motor IPO Highlights:
- IPO Size: ₹27,870.16 crore
- Offer for Sale: 14.22 crore shares
- Price Band: ₹1,865 to ₹1,960 per share
- GMP: Initially at ₹1,000, currently ₹95+
- Expected Listing Price Tomorrow: ₹2,055
Key Financials:
- Revenue Growth: 16% increase from FY23 to FY24
- Profit After Tax (PAT): Rose 29% YoY, from ₹4,709.25 crore in FY23 to ₹6,060.04 crore in FY24.
Despite the volatility, Hyundai Motor’s IPO remains highly anticipated, with strong financials and a positive GMP ahead of listing on the BSE and NSE Tomorrow. Investors are closely watching the market debut, especially after the fluctuating GMP performance in the run-up to the listing.
