Largest initial public offering (IPO) in India, Hyundai Motor India, is scheduled to open on October 15.
Hyundai Motor India has fixed a price band at Rs 1,865-1,960 per share for its Rs 27,870-crore IPO. The public issue will open for subscription on October 15
prativad 
The date of the Hyundai Motor India Ltd. IPO is October 15. The country’s second largest vehicle maker, on Wednesday, has fixed a price band of 1,865-1,960 per share.
Hyundai Motor India raised the size of its offer by more than 10 percent, to Rs 27,800 crore, from the initial targeted amount of Rs 25,000 crore, in response to the overwhelming demand.
October 17 is the last day to subscribe for the Hyundai Motor India IPO. On October 14, institutional investors will have a day to invest in the company's anchor book.
At the upper price range, Hyundai Motor Company, a South Korean company, is valued at Rs 1.59 lakh crore for its Indian division.
Post the issue, the parent firm will hold 82.5 per cent stake in the Indian unit.
The Hyundai Motor India IPO is entirely an offer-for-sale of 14.2 crore equity shares by promoter Hyundai Motor Company with no fresh issue component.
Key points to know about Hyundai Motor India IPO
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Anchor bid for Hyundai Motor IPO : October 14, 2024 (Monday).
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Hyundai Motor India IPO subscription date : October 15, 2024 (Tuesday).
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Hyundai Motor India IPO subscription last date : October 17, 2024 (Thursday).
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Hyundai Motor India IPO allotment - October 18, 2024 (Friday) [Tentatively].
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Hyundai Motor India shares will be credited to demand accounts on October 21, 2024 (Monday).
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Investors can place a bid for a minimum of seven equity shares and in multiples of seven shares thereafter.
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Retail investors can invest a minimum of Rs 13,720 (for a single lot of seven shares) in the Hyundai Motor India IPO.
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Maximum investment would be Rs 1,92,080 (for 14 lots of 98 shares) as they can not invest more than Rs 2 lakh in the Hyundai Motor India IPO.
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Hyundai Motor India Ltd has reserved half of its net issue size (offer less than employees quota) for qualified institutional buyers.
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15 per cent has been reserved for non-institutional investors, and the remaining 35 per cent for retail investors.
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Hyundai Motor India Ltd employees will get up to 7,78,400 equity shares in the IPO at a discount of Rs 186 per share to the final issue price.
Hyundai Motor India IPO will be India’s largest public issue, surpassing the previous record set in May 2022 of Rs 21,008 crore public issue by the state-owned Life Insurance Corporation (LIC) India.
With inputs from agencies.
