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Hyundai Motor India IPO Listing Date: Key things to know before debut on NSE and BSE

Upstox
By Upstox News Desk

2 min read | Updated on October 22, 2024, 08:35 IST

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SUMMARY

Hyundai Motor India IPO Listing Date: Shares of Hyundai Motor India will be listed on the National Stock Exchange (NSE) and the BSE on Tuesday, October 22.

Hyundai-ipo-gmp-listing-date-share-price.webp

Hyundai Motor India expects the listing to improve its visibility, brand image and offer liquidity and a public market for the shares.

Hyundai Motor India IPO Listing Date: Shares of Hyundai Motor India, the Indian arm of South Korean carmaker Hyundai, is all set to make market debut on Tuesday, October 22. India's largest IPO was subscribed 2.37 times during the three-day bidding period from October 15 to October 17. The allotment of shares was finalised on Saturday. As the listing is less than a day away, here are the key things you should know about the Hyundai Motor India IPO.

Hyundai Motor India IPO: Subscription

Hyundai Motor India IPO was subscribed 2.37 times, receiving bids for 23,63,27,903 equity shares against 9,97,69,810 shares on offer.
CategoryNumber of Times Subscription
Qualified Institutional Buyers (QIBs)6.97
Non-institutional Investors0.60
Retail Individual Investors (RIIs)0.50
Total2.37

Hyundai Motor India IPO: Objective

The public offer is completely an offer-for-sale of 14,21,94,700 shares by the parent company Hyundai Motor Company (HMC). There is no fresh issue of shares.

Since the IPO is entirely an OFS, Hyundai Motor India Ltd, India's second-largest carmaker, will not receive any proceeds from the initial share sale.

Meanwhile, the company expects the listing to improve its visibility, brand image and offer liquidity and a public market for the shares.

Asian IPOs: Nearly 20 companies set to raise up to $8.3 billion this week

Hyundai Motor India IPO: Listing date and time

Hyundai Motor India shares will be listed on the National Stock Exchange (NSE) and the BSE (formerly Bombay Stock Exchange) on Tuesday, October 22. The shares will start trading at 10 am on the stock exchanges.

Hyundai Motor India IPO: Financials

The car company's net profit increased 28.7% year-on-year (YoY) to ₹6,060 crore for fiscal 2023-24. Revenue jumped 15.8% to ₹69,829 crore in FY24.

In Q1 FY25, the revenue rose 4.3% YoY to ₹17,344.2 crore. Similarly, the net profit swelled 12.1% YoY to ₹1,489.6 crore in the first quarter of the financial year 2024-25.

To know more about IPO listings, schedules, and upcoming IPOs, visit our page.
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Upstox
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