Hyundai Motor India is all set to launch its highly anticipated initial public offering (IPO) next week, which is expected to be the largest stock offering in India this year. According to media sources, the Hyundai IPO price will likely fall between Rs 1,865 and Rs 1,960 per share, valuing the automaker at up to Rs 1.6 lakh crore. This IPO is generating a lot of interest, with investors eager to know the Hyundai IPO date and how they can participate.
Hyundai IPO Details and Timeline
The Rs 25,000 crore IPO will officially open for subscriptions by large institutional investors on October 14, 2024, with bids from retail and other investor categories being accepted between October 15 and 17. Investors are already speculating on the Hyundai IPO listing date, which is expected to be October 22, 2024, when the stock is anticipated to begin trading on the Mumbai stock exchanges. This marks Hyundai Motor India as the first car manufacturer to go public in two decades, following Maruti Suzuki’s debut back in 2003.
Hyundai IPO Price Band
At the upper end of the Hyundai IPO price band, the automaker could be valued at roughly $19 billion (Rs 1.6 lakh crore). Investors are keen to grab their piece of Hyundai’s Indian unit, which has made a strong presence in the country’s automotive sector over the years. With the stock markets at record highs, many investors are looking to capitalize on Hyundai’s market entry.
For those wondering where to buy Hyundai IPO, it will be available for purchase through various brokerage platforms. You can apply for the IPO through your broker by placing a bid during the subscription period, either online or through their mobile trading apps. Additionally, the Hyundai IPO date for retail investors opens on October 15, and the process is expected to close on October 17.
Largest Auto IPO in Two Decades
The Hyundai Motor India IPO will go down in history as the largest automobile IPO in India in the past two decades. The Hyundai IPO listing date of October 22 is expected to create quite a buzz in the Indian stock markets, with industry analysts predicting strong demand for shares. Given the automaker’s well-established brand in India and its extensive lineup of popular vehicles, the IPO is expected to perform well among both institutional and retail investors.
Offer for Sale Route
It is important to note that Hyundai Motor India will not issue any new shares as part of this IPO. Instead, its South Korean parent company will be selling up to 17.5% of its stake in the Indian subsidiary through an “offer for sale” (OFS) mechanism. This makes it a pure OFS, where the parent company will offload some of its holdings.
Key Takeaways for Investors
- Hyundai IPO date: October 14 for institutional investors and October 15-17 for retail investors.
- Hyundai IPO price: Rs 1,865 to Rs 1,960 per share, valuing the company at up to Rs 1.6 lakh crore.
- Hyundai IPO listing date: October 22, 2024, on the Mumbai exchanges.
- Where to buy Hyundai IPO: The IPO will be available for subscription via major brokerage platforms and online trading apps.
Conclusion
The Hyundai Motor India IPO is poised to be one of the most significant events in the Indian stock market this year. With the Hyundai IPO price set between Rs 1,865 and Rs 1,960 per share, investors have a unique opportunity to buy into one of the country’s top automakers. Be sure to mark your calendars for the Hyundai IPO date and get ready for what could be a highly successful stock market debut.
