Hyundai Motor India IPO : Hyundai’s IPO worth 27,870 crore has been open for bids since October 15. This South Korean company’s first public offering (IPO) is the biggest in India to date. However, investors were wary about supporting the IPO on the first day of bidding.If you wish to apply for Hyundai IPO shares, here’s how to do it using Zerodha, the country’s top online brokerage website.
Hyundai Initial Public Offering Details:
On Tuesday, October 15, the IPO obtained combined bids of 1,77,89,457 equity shares, compared to the offered size of 9,97,69,810 equity shares, resulting in an 18% subscription rate. Demand from qualified institutional buyers has been modest, but non-institutional and commercial investors have subscribed at 13% and 26% of their reserved sizes, respectively.
The Hyundai initial public offering (IPO) auction will last until October 17, 2024.The value of the shares’ IPO price band is Rs 1,865 to Rs 1,960, with a starting price of Rs 10. Bids can be submitted for at least 7 shares of stock, and up to 7 equity units after that.
Table of ContentsHow Do I Apply For Hyundai IPO Shares on Zerodha?The current GMP from the Hyundai Motor India IPO is membership status.
Qualified Institutions Buyers (“QIBs”) will receive half of the Net Offer, which is 15% from Non-Institutional Investors (NIIs), and the balance of 35 percent from Retail Individual Investors (RIIs).
Table of Contents
How Do I Apply For Hyundai IPO Shares on Zerodha?
According to the Zerodha website, the steps to follow are as follows:
Step 1: Sign into your Zerodha account.
Step 2: Select “Bids.”
Step 3 – Select IPO.
Step 4: Select the Hyundai IPO from the current offerings and click Apply.
Step 5 – Tap Apply again and enter your UPI ID.
Step 6 – Enter or change the Quantity and Price.
Step 7 – Check the box next to the undertaking and then swipe to submit.
Step 8: Accept the requirement through the UPI app.
Today’s GMP from Hyundai Motor India IPO:
Investor Grain revealed the latest GMP for Hyundai Motor IPO on October 16th, 2024 at 06:03 AM, which is ₹63. The projected listing price for Hyundai Motor IPO is ₹2023 (cap price + today’s GMP), with a price band of 1960.00.The projected gain or loss per share is 3.21%.
Hyundai Motor India Limited is a wholly owned company of Hyundai Motor Co. In accordance with HMC’s worldwide corporation purpose of ‘Progress for Humanity,’ we employ sustainable and green manufacturing practices to provide mobility solutions that incorporate industry-leading technology.
In India, HMIL has 1,366 sales and 1,550 service facilities. Our model selection includes vehicles from diverse client sectors, such as the Grand i10 NIOS, i20, i20 N Line, AURA, EXTER, VENUE, VENUE N Line, VERNA, CRETA, CRETA N Line, ALCAZAR, TUCSON, and the all-electric SUV IONIQ 5. HMIL’s production facility near Chennai is designed to produce our whole line of vehicle types. HMIL is also a key component of HMC’s worldwide export hub, with sales to Africa, the Middle East, and nations such as Bangladesh, Nepal, Bhutan, and Sri Lanka.
Subscription status for Hyundai Motor India IPO
By the end of the first day of bidding, the book-built issue had been subscribed 0.18 times, the retail portion of the public issue had been booked 0.26 times, and the NII portion had been subscribed 0.13 times. There are only 0.05 subscribers in the QIB division.
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