Hyundai Motor India Limited Initial Public Offering Kicks Off: 10 Key Points To Know|Economy News

New Delhi: The a lot awaited going public (Initial Public Offering) of Hyundai Motor India Limited opened up on Tuesday, October 15, 2024. The Bid/Offer Opening Date, being Monday, October 14, 2024 whereas the Closing Date is Thursday, October 17, 2024. The Company’s going public consists of a promote of as a lot as 142,194,700 Equity Shares by Hyundai Motor Company.

Hyundai Motor India on Monday elevated Rs 8,315.28 crore from 225 help financier at Rs 1,960 per share (the highest finish of the price band), a day previous to its public concern opening.It consisted of 21 residential frequent funds through a complete quantity of 83 plans (34.42 % of the general appropriation to help financiers). The enterprise has truly settled the appropriation of 4.2 crore fairness shares to help financiers at a fee of Rs 1,960 per share.

Hyundai Motor India Limited Initial Public Offering: Here Are 10 Key Things You Want To Know

1. Initial Public Offering Price Band handled at Rs 1,865 per fairness share to Rs 1,960 per fairness share of the said worth of Rs 10 every .
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2.
Anchor Investor Bidding Date– Monday, October 14, 2024 . .

3.Bid/ Offer Opening Date– Tuesday,October 15, 2024, and Bid/ Offer Closing Date– (* ), Thursday 17, 2024October 4.

will be produced a minimal of seven Bids and in multiples of sevenEquity Shares after that . .Equity Shares 5.(* )larger than 50% of the

can be available for appropriation on a proportional foundation to Not . . Net Offer 6. 5% of the(* )QIB Qualified Institutional Buyers can be available for appropriation on a proportional foundation simply to

, based mostly on official Net being obtained at or over the(* ), and the remainder of thePortion QIB Mutual Funds can be available for appropriation on a proportional foundation to all QIBs (in addition to Bids), consisting ofOffer Price, based mostly on official Net being obtained at or over the Portion . . Anchor Investors 7.Mutual Funds a lot lower than 15% of the Bids can be available for appropriation toOffer Price-

of which one-third of the(* )- Not can be available for appropriation to(* )with an utility dimension of larger than Net Offer 200,000 and as a lot as Non 1,000,000 and two-thirds of the Institutional Investors-Non can be available for appropriation to Institutional Category with an utility dimension of larger than Bidders 1,000,000 .
.(* )8.(* )a lot lower than 35% of the Rs can be available for appropriation to Rs .
. Non 9. Institutional Category, Bidders, HSBC Rs and

(Not ) Net Offer, J.P. Retail Individual Investors and

are the(* )to theKotak Mahindra Capital Company Limited . .
Citigroup Global Markets India Private Limited 10.
Securities of the Capital Markets are recommended to be detailed on BSE India and the Private Limited of Morgan India Private Limited . . Morgan Stanley India Company Private Limited Book Running Lead Managers.