The Hyundai Motor IPO subscription opened on Tuesday, October 15, 2024, and will close on October 17, 2024. The IPO aims to raise approximately ₹27,870.16 crores. The allocation includes a 35% retail quota, 50% for QIB, and 15% for NII. The price band is set between ₹1,865 and ₹1,960 per equity share.
The IPO consists of a minimum market lot of 7 Shares requiring an application amount of ₹13,720. Hyundai Motor is a Mainboard IPO that will be listed on the BSE & NSE.
Also read: Hyundai Motor IPO: Dates, Pricing and Allotment 2024
Table of Contents
About Company
Hyundai Motor India, part of Hyundai Motor Group, is the third largest automobile manufacturer in the world by passenger vehicle sales in 2023, according to CRISIL data. Since fiscal year 2009, they have emerged as an automobile OEM company. It ranks as the second largest by domestic sales volume in the Indian passenger car market. Known for producing cars that are reliable, modern, and packed with features, the company offers a diverse lineup of 13 models, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).
Hyundai also produced engines, transmissions and other key vehicle components from 2005 to fiscal 2024. They are India’s leading exporter of passenger vehicles. It has the highest number of cumulative exports. Since 1998, Hyundai has sold nearly 10 million vehicles in India and abroad. Their success has been driven by a wide range of products. strong brand Advanced technology and growth in new areas such as electric vehicles. Hyundai India is one of the top three contributors to Hyundai Motor Company’s global sales in 2023, with its share increasing from 15.48% in 2018 to 18.19% this year.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
Hyundai Motor IPO Subscription Status
Category | Day 1 | Day 2 | Day 3 |
---|---|---|---|
QIB | 0.05 | 0.58 | 6.76 |
NII | 0.13 | 0.26 | 0.53 |
bNII | 0.06 | 0.18 | 0.50 |
sNII | 0.26 | 0.41 | 0.59 |
RII | 0.27 | 0.38 | 0.47 |
EMP | – | 1.32 | 1.67 |
Total | 0.18 | 0.42 | 2.28 |
Hyundai Motor IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for Hyundai Motor IPO Subscription
- May Apply
Hyundai Motor IPO Form
To apply for the Hyundai Motor IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
When does the Hyundai Motor IPO subscription start?
The IPO subscription starts on October 15, 2024, for QIB, NII, and retail investors.
How can I subscribe to the Hyundai Motor IPO?
You can subscribe using ASBA or Non-ASBA methods. Apply online via ASBA through your bank account, or download the application form, fill it out, and submit it to your broker or bank.
How do I check live Hyundai Motor IPO subscription numbers?
Visit our portal for live subscription updates, which are provided hourly from official sources. You can also check the official IPO page for real-time subscription numbers.
How do I apply for the Hyundai Motor IPO through Zerodha?
Log in to Zerodha Console via the website or app. Go to the Portfolio section and click on the IPO option. Select “Hyundai Motor India,” click Bid, then enter your UPI ID, quantity, and price. After submitting, approve the mandate using your UPI app or net banking. You can also open a Demat account with Zerodha if needed.
How do I apply for the Hyundai Motor IPO through Upstox?
Log in to the Upstox app using your credentials. Select the IPO section and find “Hyundai Motor India.” Click the Bid button and confirm your application. Approve the mandate through your UPI app or net banking. You can open a Demat account with Upstox if required.
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