Hyundai Motor India is all set to launch its much-anticipated Hyundai IPO from October 15 to 17, 2024, with a price band ranging from ₹1,865 to ₹1,960 per share. Valued at around ₹27,870 crore ($3 billion), it will be the largest IPO in India’s history, surpassing LIC’s record. Investors can participate with a minimum investment of ₹13,720 for a lot of seven shares. The Hyundai IPO parent company, Hyundai Motor Company, will retain an 82.5% stake post-IPO. The shares are expected to list on NSE and BSE by October 22, 2024. If you want to learn how to analyze financial opportunities like this, visit GRM IIT, where we teach professional analysis techniques.
1. Hyundai IPO Name
The Hyundai IPO name is a significant talking point among investors as it marks one of the largest public offerings in the Indian auto sector. The anticipation surrounding the Hyundai IPO name reflects its potential to reshape the automotive landscape in India. As the Hyundai IPO name gains traction, many investors are keen to understand its implications on the market.
2. Hyundai IPO GMP (Grey Market Premium)
As of now, specific Hyundai IPO GMP details are not available. However, as the subscription date approaches, the premium data will be accessible on several tracking platforms, including Chittorgarh. The Hyundai IPO GMP is expected to give insight into market sentiment leading up to the IPO, influencing investor decisions.
3. Hyundai IPO Minimum Investment
Retail investors can participate in the Hyundai IPO with a minimum investment of ₹13,720 for one lot of seven shares at the upper price band of ₹1,960 per share. This minimum investment makes the opportunity accessible to a broad range of investors looking to participate in one of the biggest IPOs in Indian history.
4. Hyundai IPO Parent Company
The Hyundai IPO parent company is Hyundai Motor Company, based in South Korea, which will hold an 82.5% stake post-IPO. The Hyundai IPO parent company plays a crucial role in maintaining the brand’s reputation and operational excellence, contributing to its attractiveness as an investment.
5. Hyundai IPO Date 2024
The Hyundai IPO date 2024 is set for October 15 to 17, 2024, with institutional bidding starting a day earlier on October 14. Retail investors can bid from October 15 to 17, making it an exciting period for potential investors eager to take part in this landmark event.
6. Hyundai IPO Date 2024 India
In India, the Hyundai IPO date 2024 follows the same timeline, from October 15 to 17. This offering is particularly notable as it will be the first major auto sector IPO in India since Maruti Suzuki’s IPO in 2003, making the Hyundai IPO date 2024 India a significant milestone for the automotive industry.
7. Hyundai IPO News
According to the latest Hyundai IPO news, this offering is poised to surpass the LIC IPO, making it the largest in Indian history. The Hyundai IPO news highlights the robust interest from investors and the potential for strong demand, driven by the company’s established market presence and strong financial performance.
8. Hyundai Share Price
The Hyundai share price for the IPO has been set between ₹1,865 and ₹1,960. This pricing makes the Hyundai share price attractive for a company of Hyundai’s stature, inviting a variety of investors to participate in this historic offering.
Hyundai IPO Financial Performance and Valuation
For FY24, Hyundai Motor India reported:
- Net Profit: ₹6,060 crore (up by 28.7%)
- Revenue: ₹69,829 crore (up by 15.8%)
With these strong financials, the company is expected to have a post-IPO valuation of approximately ₹1.6 lakh crore ($19 billion) at the upper price band, making it one of the top automotive companies in India.
Hyundai IPO Allocation Structure
- 50% of shares are reserved for Qualified Institutional Buyers (QIBs).
- 15% for Non-Institutional Investors (NIIs).
- 35% for Retail Investors.
- Hyundai employees will benefit from an employee discount of ₹186 per share, making this investment opportunity even more appealing.
Key Dates and Listing Information
- IPO Opens: October 15, 2024
- IPO Closes: October 17, 2024
- Listing Date: October 22, 2024 (expected on NSE and BSE).
Why Invest in Hyundai Motor India IPO?
- Largest Auto Sector IPO: This is the biggest IPO in India’s history, even larger than the LIC IPO.
- Established Market Presence: Hyundai is the second-largest car manufacturer in India, following Maruti Suzuki.
- Strong Financial Performance: With increasing revenues and profits, Hyundai is in a solid financial position.
- Employee Discount: Employees benefit from a discounted share price, adding value to their investment.
Conclusion
The Hyundai Motor India IPO is poised to be a landmark event in India’s capital markets. With its massive size, established market position, and attractive share pricing, this IPO is expected to attract considerable interest. If you want to take advantage of this opportunity, ensure you have a Demat account ready.
Create your Demat account now by clicking the button below:
For those interested in learning how to analyze IPOs like a pro, check out GRM IIT. We offer expert training on stock market analysis through free resources on our YouTube channel and paid courses on our website.
Visit GRM IIT for more information and start mastering trading today!
