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Hyundai Motor India IPO Day 2 Highlights: Issue subscribed 42%; check lot size, allotment, listing date and more
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5 min read | Updated on October 16, 2024, 17:13 IST
SUMMARY
Hyundai Motor India IPO Day 2 Highlights: Hyundai Motor India's initial share sale is an offer for sale (OFS) of 14.21 shares by promoter Hyundai Motor Company (HMC). There is no fresh issue component.
Hyundai Motor India IPO, with a price range of ₹1,865-₹1,960 per share, will conclude on October 17.
The retail investors portion was subscribed 38%, while the non-institutional investors quota was booked 26%. The qualified institutional buyers (QIBs) category fetched 58% subscription.
- Bidding period: October 15 to October 17
- Allotment status: October 18
- Credit of shares: October 21
- Listing date: October 22
The ₹27,870.1 crore Hyundai IPO is an offer-for-sale (OFS) of 142,194,700 shares by parent South Korean auto giant Hyundai Motor Company. There is no fresh issue of shares.
The company has set a price range of ₹1,865 to ₹1,960 per share for its mega initial public offering (IPO).
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.09 |
| Non-institutional Investors | 0.20 |
| Retail Individual Investors (RIIs) | 0.35 |
| Total | 0.25 |
The retail investors quota was subscribed 34%, while the non-institutional investors category was booked 19%. The part set aside for qualified institutional buyers (QIBs) fetched 9% subscription.
- Unsoo Kim, Managing Director
- Tarun Garg, Whole Time Director
- Gopalakrishnan C S, Whole Time Director
- Wangdo Hur, Whole Time Director
- Shalini Puchalapalli, Independent Director
- Ajay Tyagi, Independent Director
- Sree Kirat Patel, Independent Director
- John Martin Thompson, Independent Director
- Creta
- Creta N-Line
- Verna
- Venue
- Venue N-Line
- i20
- i20 N-Line
- Grand i10 NIOS
- Exter
- IONIQ 5
- Alcazar
- Tucson
- Aura
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.05 |
| Non-institutional Investors | 0.17 |
| Retail Individual Investors (RIIs) | 0.33 |
| Total | 0.22 |
The part set aside for retail investors was subscribed 31%, while the non-institutional investors quota was booked 16%. The qualified institutional buyers (QIBs) category attracted 5% subscription.
| Category | Number of Times Subscription |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.05 |
| Non-institutional Investors | 0.15 |
| Retail Individual Investors (RIIs) | 0.29 |
| Total | 0.20 |
The ₹27,870.1 crore initial share sale got bids for 1,77,89,457 shares against 9,97,69,810 equity shares on offer, as per consolidated bidding data on NSE.
The IPO, with a price range of ₹1,865-₹1,960 per share, will conclude on October 17.
The IPO is an offer for sale (OFS) of 14.21 equity shares by parent Hyundai Motor Company (HMC). There is no fresh issue component.
Hyundai Motor India IPO: Allotment and listing date
- Bidding period: October 15 to October 17
- Allotment finalisation: October 18
- Refund initiation: October 21
- Demat transfer: October 21
- Listing: October 22
Kotak Mahindra Capital Company Ltd, HSBC Securities and Capital Markets (India) Private Ltd, JP Morgan India Private Ltd, Morgan Stanley India Company Private Ltd and Citigroup Global Markets India Private Ltd are the book-running lead managers to the offer.
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