Hyundai Motor India Limited’s IPO to open on October 15

Ahmedabad (Gujarat), Oct 10, Hyundai Motor India Limited proposes to open initial public (IPO) offering to open on October 15.
According to a press release issued by company here today Hyundai Motor India Limited (the “Company”), a part of the Hyundai Motor Group, which is the third largest auto OEM in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report, proposes to open its initial public offering of Equity Shares (“Offer”) on Tuesday, October 15, 2024. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Monday, October 14, 2024. The Bid/ Offer Closing Date is Thursday, October 17, 2024.
The Price Band of the Offer has been fixed from ₹ 1,865 per Equity Share to ₹ 1,960 per Equity Share. Bids can be made for a minimum of 7 Equity Shares and multiples of 7 Equity Shares thereafter.
The Company’s initial public offering comprises an offer for sale of up to 142,194,700 Equity Shares by Hyundai Motor Company (the “Promoter Selling Shareholder”). The Company will not receive any proceeds from the offer (the “Offer Proceeds”).