Hyundai India's IPO to open on October 15

The price band of the offer has been fixed from Rs 1,865 per equity share to Rs 1,960 per equity share.

Hyundai Motor India is all set to open its much-awaited initial public offering (IPO) on October 15, 2024. The Anchor Investor Bidding Date is one working day prior, i.e. October 14. The offer closes on October 17.

The price band of the offer has been fixed from Rs 1,865 per equity share to Rs 1,960 per equity share. Bids can be made for a minimum of 7 equity shares and multiples of 7 equity shares thereafter.  

Hyundai’s initial public offering comprises an offer for sale of up to 142,194,700 equity shares by Hyundai Motor Company. The company will not receive any proceeds from the offer.

The equity shares are proposed to be listed on BSE Limited and the National Stock Exchange of India Limited. Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers to the offer.