Hyundai Motor India IPO: Date, price band, lot size, key dates and all you need to know

Hyundai Motor India IPO: Hyundai Motor India Limited, the Indian unit of South Korean auto giant Hyundai, will launch its much-awaited initial share sale on Tuesday, October 15. The ₹27,856 crore initial public offering, which is the largest in India after LIC's public offer of ₹21,000 crore, will conclude on Thursday, October 17.

As it is entirely an OFS, the company will not receive any IPO proceeds.

The bidding for anchor investors will take place on Monday, October 14.

Hyundai Motor India IPO: Lot size

Retail investors can apply for at least one lot size, consisting of seven shares worth ₹13,720, and in multiples after that.

The company has reserved 50% of the net offer for qualified institutional buyers (QIBs), 15% for non-institutional investors or NIIs and 35% for retail investors.

Kotak Mahindra Capital, HSBC Securities, Citigroup Global, Morgan Stanley, and JP Morgan are book-running lead managers, while KFin Technologies is the issue's registrar.

The company's shares will be listed on the National Stock Exchange (NSE) and the BSE.

Hyundai Motor India IPO: Key dates

• Bidding period: October 15 to October 17
• Allotment finalisation: October 18
• Initiation of refunds: October 21
• Credit of equity shares to Demat account: October 21
• Listing: October 22

Hyundai Motor India IPO: About the company

Hyundai Motor India, part of the Hyundai Motor Group, began operations in India in 1996 and currently sells 13 models in segments such as sedans, sports-utility vehicles (SUVs), hatchbacks, and battery electric vehicles (EVs).

Since 1998, the automaker has sold around 12 million passenger vehicles in India and through exports.