Hyundai Motor India Limited plans to launch Initial Public Offering
Hyundai Motor India Limited plans to launch its initial public offering (IPO) of equity shares on October 15, 2024, with bidding for anchor investors starting the day before, on October 14. The price range for the shares is set between Rs 1,865 and Rs 1,960, with a minimum bid of 7 shares.
The IPO involves a sale of up to 142,194,700 equity shares by Hyundai Motor Company, and the company will not receive any proceeds from this offer.
The IPO will follow the Book Building Process, allocating shares to various categories of investors, including Qualified Institutional Buyers, Non-Institutional Investors, and Retail Individual Investors. The shares will be listed on the Bombay Stock Exchange and the National Stock Exchange of India. The Book Running Lead Managers for the offer are Kotak Mahindra Capital, Citigroup, HSBC, J.P. Morgan, and Morgan Stanley.
