Hyundai Motor India IPO: Latest News, Dates, Price, and How to Apply

Hyundai Motor India IPO: A Comprehensive Guide

Hyundai Motor India is set to enter the stock market with its highly anticipated Initial Public Offering (IPO). As one of India’s leading automobile manufacturers, the IPO has garnered immense interest among investors. Here’s everything you need to know about the Hyundai Motor India IPO, including important dates, the price band, and how to apply.

Overview of Hyundai Motor India

Hyundai Motor India is a subsidiary of South Korean automaker Hyundai Motor Company. Since its inception in India, Hyundai has established itself as a key player in the automotive industry, producing popular models like the Hyundai Creta, Venue, and i20. With its focus on innovation, sustainable mobility, and customer satisfaction, the brand has earned a strong market share.

IPO Details

• IPO Opening Date: Tuesday, October 15, 2024
• IPO Closing Date: Thursday, October 17, 2024
• Basis of Allotment: Friday, October 18, 2024
• Initiation of Refunds: Monday, October 21, 2024
• Credit of Shares to Demat: Monday, October 21, 2024
• Listing Date: Tuesday, October 22, 2024
• Cut-off time for UPI mandate confirmation: 5 PM on October 17, 2024
• Price Band: ₹1865 to ₹1960 per share
• Lot Size: 7 Shares
• Minimum Investment: ₹13,720
• Market Listing: NSE, BSE

Why Should You Invest in Hyundai Motor India?

• Strong Market Presence: Hyundai holds a significant position in the Indian automotive sector with a wide range of best-selling models.
• Innovation in Electric Vehicles: Hyundai has been at the forefront of launching electric and hybrid vehicles, aligning with the future of sustainable mobility.
• Financial Stability: Hyundai Motor India has demonstrated consistent financial growth with a robust balance sheet and expanding market share.
• Growth Potential: With the Indian auto industry poised for growth, Hyundai's strategic product portfolio offers considerable potential for long-term investors.

Conclusion

The Hyundai Motor India IPO presents a promising investment opportunity for those looking to invest in a growing auto sector company with a proven track record. Keep an eye on the upcoming IPO dates and prepare to seize this opportunity.