Hyundai Motor IPO: Hyundai Motor India’s IPO will open for retail investors on October 15. This will be the biggest IPO in the Indian stock market. Hyundai Motor India’s IPO will be open from October 15 to October 17. The size of the company’s IPO is Rs 27,870 crore. The company will be listed in BSE and NSE.
Hyundai IPO Price Band (Hyundai Motor India IPO Price Band)
The company has fixed the price band of Rs 1,865 to Rs 1,960 for the IPO. The company has created one lot of 7 shares for retail investors. Because of which retail investors will have to bet at least Rs 13,720 on the IPO of Hyundai Motor India. Let us tell you, the company has given a discount of Rs 186 on each share to the employees.
Company will issue 14.22 crore shares
Hyundai Motor India’s IPO is completely based on offer for sale. The company will issue 14.22 crore shares to investors. Let us tell you, after the IPO, the stake of Hyundai Motor Company will reduce from 100 percent to 82.50 percent.
Also read: Hyundai Motor India’s big plan revealed before IPO opening
Anchor investors will be able to place bets on October 14
Hyundai Motor India IPO will open for anchor investors on October 14. The company will try to raise Rs 8315.28 crore from anchor investors. The lock-in period of 50 percent of the shares issued to anchor investors will be only 30 days.
Tension due to decline in gray market (Hyundai Motor IPO GMP Today)
Hyundai Motor India’s IPO is continuously going down in the gray market. The company’s IPO is trading at a premium of Rs 67 today. Which is Rs 8 less than yesterday. According to today’s GMP, the listing of the company can be 3.42 percent.
Also read: Not only Hyundai Motor IPO, IPOs of these companies will also open next week
What are the experts saying?
Brokerage firm ICICI Direct has advised to subscribe to the IPO of Hyundai Motor. According to the ICICI Direct report, “We are expecting very limited listings. But it can give double digit returns in the medium to long term.”
(This is not investment advice. The stock market is subject to risks. Take an informed decision before making any investment. Only information related to the issue has been shared here. The views of the experts presented here are personal. is based on this Does not provide investment advice.)
