Hyundai Motor India Limited IPO Details & Live GMP
Automobiles Sector · Total Issue Size: ₹27,870 Cr
Last heard: Active Primary Market
Cap price (₹1960) + current GMP
1 Lot (7 shares at cut-off)
Hyundai Motor India Limited IPO Key Facts & Timeline
Hyundai Motor India Limited IPO: Comprehensive Analysis & Investment Overview
1. Business Model & Operations
Hyundai Motor India Limited is a Mainboard public offering in the Automobiles sector, entering the primary capital markets with a total issue size of ₹27,870 Cr.
India's second-largest passenger vehicle manufacturer with popular models including Creta, Venue, and i20.
2. Grey Market Premium (GMP) & Listing Gain Expectations
As per active unlisted primary market quotes, the Grey Market Premium (GMP) for Hyundai Motor India Limited IPO is currently standing at ₹65. With the upper price band set at ₹1960, the implied listing price discovery calculates to ₹2025 per share, pointing to an estimated listing pop of +3.3%.
* Note: Grey market figures represent unorganized sentiment and are subject to market volatility. Real listing day gains depend on institutional QIB subscription numbers on Day 3.
3. Retail Application Strategy & Lot Size Math
Retail investors can bid for a minimum of 1 Lot (7 shares) worth ₹13,720. Under SEBI retail allocation guidelines, retail applicants are capped at a maximum bid value of ₹2,00,000 (translating to up to 14 lots).
Pro-Tip: In heavily oversubscribed public issues, allotment in the retail category is decided via a computerized lottery where every valid application is reduced to 1 lot. Applying for multiple lots from the same PAN does not increase allotment odds. To maximize statistical chances, apply 1 lot each from separate family demat accounts.
4. Critical Timeline: From Bid to Exchange Listing
- Public Bidding Closes: 17 October 2024 (5:00 PM cut-off for UPI mandate approval).
- Basis of Allotment: 18 October 2024 (Registrar publishes allotment status).
- Refunds / Unblock Funds: 18 October 2024.
- Demat Credit of Shares: 22 October 2024.
- Official Listing on BSE, NSE: 22 October 2024.
Frequently Asked Questions (FAQs)
What is the current GMP of Hyundai Motor India Limited IPO?
The Grey Market Premium (GMP) of Hyundai Motor India Limited IPO is currently quoted at ₹65 per share (+3.3% over cap price of ₹1960). Estimated listing price is approximately ₹2025.
What is the price band and minimum lot size for Hyundai Motor India Limited IPO?
The price band for Hyundai Motor India Limited IPO is fixed between ₹1865 and ₹1960 per equity share. The minimum application lot size is 7 shares, requiring a minimum retail capital outlay of ₹13,720.
When does Hyundai Motor India Limited IPO open and close for public bidding?
Hyundai Motor India Limited IPO bidding opens on 15 October 2024 and closes on 17 October 2024. Bids can be submitted between 10:00 AM and 5:00 PM IST via ASBA net banking or UPI mandate.
When will Hyundai Motor India Limited IPO allotment status be finalized?
The basis of allotment for Hyundai Motor India Limited IPO is scheduled to be finalized on 18 October 2024. Successful applicants will have shares credited to their demat account by 22 October 2024.