Korean car maker Hyundai Motor India's IPO was subscribed a total of 2.37 times on the last day. The issue was subscribed 0.50 times in retail category, 6.97 times in qualified institutional buyers (QIB) category and 1.11 times in non-institutional investors (NII) category.
The company's shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on October 22. The initial public offering was opened on 15 October.
Special dates related to Hyundai India IPO
| event | Date |
| IPO opening | 15 October |
| IPO Closing | 17 October |
| Share Allotment | 18 October |
| Refund | 21 October |
| Credit of shares in demat account | 21 October |
| Listing of shares in the market | 22 October |
Hyundai Motor India's issue of ₹ 27,870.16 crore This issue of Hyundai Motor India totals ₹ 27,870.16 crore. For this, existing investors of the company are selling 142,194,700 shares worth ₹ 27,870.16 crore through Offer for Sale i.e. OFS. Hyundai is not issuing any new shares.
This is the largest IPO in the country. Earlier, the record for the largest IPO was held by LIC, which came up with an issue of ₹20,557 crore.
Retail investors can bid for a maximum of 98 shares Hyundai Motor India Limited had fixed the issue price band at ₹1865-₹1960. Retail investors can bid for a minimum of one lot i.e. 7 shares. If you had applied for 1 lot as per the IPO's upper price band of ₹1960, you would have had to invest ₹13,720.
At the same time, retail investors can apply for a maximum of 13 lots i.e. 98 shares. For this, investors have to invest ₹192,080 as per the upper price band.
Hyundai Motor India will be the fourth largest listed auto company Hyundai Motor will be the fourth largest company to list on the Indian stock market. It will be the fourth largest automobile company after Maruti-Suzuki, Tata Motors, Mahindra & Mahindra. Hyundai Motor India is the second largest car company in the country after Maruti.
Hyundai Motor India Limited Financial
| year | Total Assets | Total Revenue | Profit after tax | net worth |
| 31 March 2022 | 28,358.06 | 47,966.05 | 2,901.59 | 16,856.26 |
| 31 March 2023 | 34,573.34 | 61,436.64 | 4,709.25 | 20,054.82 |
| 31 March 2024 | 26,349.25 | 71,302.33 | 6,060.04 | 10,665.66 |
| 30 June 2024 | 25,370.24 | 17,567.98 | 1,489.65 | 12,148.71 |
Automaker's first IPO in India in 20 years The IPO is the first initial public offering of an automaker company in India in 20 years. Earlier Maruti Suzuki's IPO was in 2003. Hyundai is the second largest car manufacturer in the country after Maruti Suzuki India.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
