Investors are eagerly awaiting the announcement of Hyundai IPO allotment status, which is set for today, October 18, 2024. After a strong subscription response, Hyundai Motor India’s ₹4,000 crore IPO is generating significant buzz. Here’s everything you need to know about checking your IPO allotment and key details of the offering.
Allotment Status: October 18, 2024
Hyundai Motor India’s IPO allotment status will be released today. Investors can easily check their share allocation through the official website of the IPO registrar.
How to Check Hyundai IPO Allotment Status
To check your Hyundai Motor India IPO allotment, follow these simple steps:
- Visit the official website of the registrar.
- Look for the ‘Hyundai Motor India IPO’ section.
- Enter your application number or PAN card details.
- Click ‘Submit.’
- Your allotment status will be displayed.
GMP and Listing Date
As of now, Hyundai Motor India’s IPO has a grey market premium (GMP) of ₹50-60 per share, reflecting high demand. The expected listing date for Hyundai Motor India’s shares is October 25, 2024, on both BSE and NSE.
IPO Details
Key details of Hyundai Motor India’s IPO are as follows:
- Issue Size: ₹4,000 crores
- Price Band: ₹285-300 per share
- Lot Size: 50 shares
- Listing Exchange: BSE and NSE
Investor Response
The IPO was subscribed 3.54-3.55 times, with strong participation from both retail and institutional investors. Retail investors showed a particularly high interest, bidding for a significant share of the offering.
All Retail Bidders to Receive Hyundai Shares
Exciting news for retail investors—due to high demand and the structure of the allocation, all retail bidders are expected to receive shares.
Why Invest in Hyundai Motor India?
Hyundai Motor India stands as the second-largest passenger vehicle manufacturer in India with a market share exceeding 15%. Key models such as the Hyundai Creta, Hyundai i10, and Hyundai Venue have made the brand a market leader.
In the last year, Hyundai Motor India’s revenue grew by over 10%, underlining its robust financial performance. The company’s focus on innovation, research and development, and partnerships positions it for sustained future growth.
Conclusion
Investors are highly anticipating the Hyundai IPO allotment results, which are expected to be announced today. With a promising grey market premium and strong demand, Hyundai Motor India shares are likely to debut at a premium.
FAQs
- How do I check my Hyundai IPO allotment status? Visit the registrar’s official website and enter your application number or PAN details.
- What is the listing date for Hyundai Motor India’s shares? The expected listing date is October 25, 2024.
- What is the current GMP for Hyundai Motor India’s IPO? The grey market premium (GMP) is ₹50-60 per share.
Timeline of Hyundai Motor India’s IPO
- October 10, 2024: IPO opens for subscription
- October 16, 2024: IPO closes for subscription
- October 18, 2024: Allotment status announced
- October 25, 2024: Expected listing date
Risks and Considerations
Investing in IPOs, including Hyundai Motor India, comes with risks such as market volatility, economic shifts, and regulatory changes. Investors should conduct due diligence before making any investment decision.
About Hyundai Motor India
Hyundai Motor India Limited, a subsidiary of Hyundai Motor Company (South Korea), was established in 1996 and has become a key player in the Indian automotive market, known for its innovative product lineup and commitment to customer satisfaction.
Subscribe Snap News Get More Updates On Latest IPO’s
