"Hyundai Motor India’s Historic IPO Launch"
"Hyundai Motor India is set to launch its IPO on October 15, 2024, aiming to raise ₹27,870 crore, the largest in India's history."
"Price band: ₹1,865 to ₹1,960 per share. IPO size: ₹27,870 crore, surpassing LIC’s record ₹21,000 crore."
IPO Price and Size
IPO Price and Size
– "Bidding: October 15-17, 2024."
– "Lot Size: Minimum 7 shares, starting at ₹13,720."
– "QIBs: 50%, Retail: 35%, NIIs: 15%."
Key Subscription Details
Flight Path
"Established in 1996, Hyundai is India’s second-largest carmaker. It reported a net profit of ₹1,489.65 crore in June 2024."
Hyundai Motor India Background
"Market cap may reach ₹1.6 lakh crore. Analysts expect Hyundai’s strong sales and market position to attract premium valuations."
Market Impact and Expectations