Hyundai Motor IPO opens today: Here's everything you need to know before subscribing

Hyundai Motor IPO: HMIL's initial share sale starts on October 14 and will conclude on October 17. The bidding for anchor investors will open for a day on October 14.

Hyundai Motor IPO: Hyundai Motor IPO lot size is 7 shares and the minimum amount required is Rs 13,720.

Hyundai Motor IPO: The company's proposed IPO is entirely an Offer-for-Sale (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component.

Hyundai Motor IPO: This is the first initial share sale of an automaker in over two decades, following Japanese carmaker Maruti Suzuki's listing in 2003.

Hyundai Motor IPO: This is going to be the largest IPO in India, surpassing LIC's initial share sale of Rs 21,000 crore.

Hyundai Motor IPO: HMIL commenced operations in India in 1996 and currently sells 13 models across segments.

 

Hyundai Motor IPO: Brokerages like LKP Securities, SBI Securities and ICICI Direct have assigned a 'subscribe' rating and suggested investing in it for the long term period. 

Hyundai Motor IPO: Kfin Technologies Limited is the registrar for the issue.

Hyundai Motor IPO: The basis of allotment is expected to be finalised on Friday, October 18, 2024.

Hyundai Motor IPO:  Hyundai Motor India is set to make its stock market debut on the BSE and NSE on October 22, 2024.