Upcoming IPOs: Hyundai Motor IPO among 3 issues to open for subscription, three listings scheduled; check full list

The primary market has seen an eventful phase in the first nine months of this year. Companies have raised more than ₹61,000 crore through initial public offerings (IPOs).

The momentum is set to continue in the third week of October as well with the launch of Hyundai Motor India IPO. The public issue of Hyundai Motor India is set to become India’s biggest IPO with an issue size of ₹27,870 crore.

Hyundai Motor India IPO (Issue open on Oct 15)

The initial public offer of Korean automaker Hyundai’s Indian arm, Hyundai Motor India Limited, will open for subscription on Tuesday, October 15. The three-day subscription window for the mainboard issue will close on Thursday, October 17.

Known to be the largest public offer in the auto sector so far in India, Hyundai Motor India IPO is a book-building issue worth ₹27,870.16 crore. The mainboard issue consists of only an offer-for-sale (OFS) of 14.22 crore shares.

Hyundai Motor IPO price band has been fixed at ₹1,865 to ₹1,960 per share. Retail investors can bid for a minimum lot size of 7 shares, aggregating to an investment of ₹13,720 at the upper end of the price band.

The minimum lot size for small non-Institutional Investors (sNII) has been set at 15 lots, or 105 shares, which amounts to an investment of ₹2,05,800. Big non-Institutional Investors (bNIIs) can place bids for a minimum lot size of 73 lots or 511 shares, which amounts to an investment of ₹10,01,560.

The share allotment status of Hyundai Motor India IPO will be finalised on Friday, October 18. Shares of Hyundai Motor India will be listed on the BSE and NSE. The tentative listing date is Tuesday, October 22.

Lakshya Powertech IPO (Issue open on Oct 16)

Lakshya Powertech IPO (Lakshya Powertech Limited IPO) subscription window will remain open between 16 to 18 October.

Lakshya Powertech plans to raise ₹49.91 crore via its public issue. Lakshya Powertech IPO consists of a fresh issuance of 27.73 lakh shares.

Lakshya Powertech IPO price band has been fixed at ₹171 to ₹180 per share. Retail investors can apply for the public issue by placing bids for a minimum lot size of 800 shares, aggregating to an investment of ₹1,44,000 at the upper end of the price band.

On the other hand, the minimum lot size investment for HNIs is 2 lots, or 1,600 shares, which amounts to ₹2,88,000.

Lakshya Powertech's IPO share allotment status is likely to be finalised on Monday, October 21. The company's shares will be listed on the NSE SME platform Emerge. The tentative listing date is Wednesday, October 23.

Freshara Agro Exports IPO (Issue open on Oct 17)

The agro-export company will launch its public issue between October 17 to 21. The company plans to raise ₹75.3 crore from this IPO. Freshara Agro Exports IPO price band is ₹110 to ₹116 per share, with lot size of 1200 shares. The minimum investment for retail investors is ₹1,39200 lakh at the upper end of the price band.

Incorporated in 2015, Freshara Agro Exports procures, processes and exports agri products from India to various countries across the world. The company plans to use IPO proceeds to fund working capital requirements and general corporate purposes.

Freshara Agro Exports IPO share allotment status will likely be finalised on Tuesday, October 22. The company's shares will be listed on the NSE SME platform Emerge. The tentative listing date is Thursday, October 24.

Three IPO listings scheduled

Shares of Garuda Construction and Engineering Limited will be listed on both the NSE and BSE. The ₹264.1-crore book-building issue of Garuda Construction and Engineering was open for subscription from October 8 to 10.

Shiv Texchem IPO will be listed on the BSE SME platform, after a huge subscription. The issue was subscribed more than 156 times during its bidding period from October 8 to October 10. The tentative listing date for the BSE SME issue is Tuesday, October 15.

Pranik Logistics shares will be listed on the NSE SME platform, Emerge. The IPO listing date has been scheduled as October 17. Pranik Logistics launched its initial public offering (IPO) on October 8 to raise ₹22.47 crore. This IPO closes on Monday, October 14.

Share allotment status of 2 IPOs to be finalised

Pranik Logistics IPO share allotment status is expected to be finalised on October 15. The investors in Hyundai Motor India IPO are likely to get share allotment status updated on October 18.