Hyundai IPO Date & Offerings

Hyundai Motor India Limited (HMIL), one of India's most prominent car manufacturers, is making headlines with its highly anticipated Initial Public Offering (IPO). Investors and car enthusiasts alike have been buzzing about this IPO, as it is set to be the largest public offering in India's history, projected to raise a massive ₹27,870 crore.

Here, we’ll dive deep into all the details you need to know about the Hyundai IPO date, the offer, and what it means for investors.

Hyundai IPO Date and Listing Timeline

The Hyundai IPO have got opened for subscription on October 15, 2024, and finally got closed on October 17, 2024. For those having better luck to secure shares, the company’s stock is expected to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on October 22, 2024​.

The whole process of allotting shares to eligible investors was scheduled to be completed on October 18, 2024, while refunds for unallocated shares are set to be initiated on October 21, 2024​ for Hyundai IPO.

IPO Price Band and Lot Size

The price band for the Hyundai IPO is set between ₹1,865 and ₹1,960 per share, making it accessible to a wide range of investors belonging to middleclass as well. The minimum lot size is kept as 7 shares, meaning the minimum investment amount for retail investors is ₹13,720 approximately. For those interested in a higher stake, the maximum number of lots an individual can apply for is 14 lots, or 98 shares​.

Why the Hyundai IPO is Significant

Hyundai Motor India is the second-largest car manufacturer in the country, and its IPO marks a milestone for both the company and the Indian stock market. Hyundai has consistently been a top performer in the automobile sector with models like the i20, Creta, and Verna dominating the Indian car market. The company's commitment to innovation, premiumization, and expanding its electric vehicle (EV) lineup makes this IPO particularly attractive to long-term investors​ as well as short term investors.

Moreover, Hyundai has already established itself as a market leader in the growing EV(Electric Vehicle) segment, addressing increasing consumer demand for eco-friendly vehicles. Its IPO is expected to not only raise substantial capital but also reinforce its foothold in India's fast-evolving and demand driven auto sector​.

Grey Market Premium (GMP) and Investor Interest

As of the IPO's closing on October 17, the Grey Market Premium (GMP) for Hyundai shares was ₹14, indicating a potential listing price of around ₹1,974 per share, representing a modest gain over the issue price to the investor. Despite initial slow traction, the IPO gained momentum towards its final days, resulting in an overall subscription rate of 2.09 times​ than that of the total shares.

For this IPO, it is worth noticing that institutional investors were particularly active, with the Qualified Institutional Buyers (QIBs) category subscribed at 6.23 times, while retail investor interest lagged slightly with a 0.45 times subscription rate​. This disparity highlights the strong confidence of large investors in Hyundai’s long-term prospects as compared to small or medium investors.

What to Expect Post-Listing

Hyundai's IPO is a major event not just because of its size, but also due to the company’s performance and potential. Hyundai India has consistently shown growth, with profits and revenue steadily increasing. For the fiscal year 2023, Hyundai reported a net profit of ₹4,709 crore with revenue from operations amounting to ₹60,307.58 crore​. This solid financial base positions the company well for future growth, particularly in the electric and premium vehicle markets.

Final Thoughts about Hyundai IPO

The Hyundai IPO date of October 22, 2024, marks the beginning of a new chapter for one of India’s leading carmakers. With its impressive track record, innovative product line-up, and strong market presence, this IPO has the potential to deliver significant value to investors in the long run. Hyundai’s focus on expanding its EV offerings and premium vehicles further strengthens its case as a future-ready company in a fast-evolving industry.

Whether you are a retail investor or an institutional player, this IPO is worth considering for its growth potential and long-term value creation.

Stay tuned for more updates post-listing, and keep an eye on Hyundai's future performance on the stock market.