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The Hyundai Motor India Limited IPO (Initial Public Offering) will open for subscription from October 15, 2024, to October 17, 2024. This IPO is entirely an offer for sale, with a total issue size of 142.19 million shares, raising up to ₹27,870.16 crore. The price band is set between ₹1900 and ₹1960 per share, and the minimum lot size for retail investors is 7 shares, amounting to ₹13,720.
Here are the key details of the IPO:
IPO Dates: October 15, 2024, to October 17, 2024
Listing Date: Tentatively October 22, 2024
Offer Type: Book Built Issue
Price Band: ₹1900 to ₹1960 per share
Lot Size: Minimum 7 shares (₹13,720 investment)
Issue Size: ₹27,870.16 crore (142.19 million shares)
Listing At: BSE and NSE
Lead Managers: Kotak Mahindra, Citigroup, HSBC, J.P. Morgan, and Morgan Stanley
Registrar: Kfin Technologies Limited
The allotment is expected to be finalized on October 18, 2024. The IPO is primarily a sale of shares by existing shareholders, and there will be no change in the company’s shareholding post-issue.
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