
Automotive · NSE / BSE
Hyundai Motor India Limited (HMIL), established in May 1996, is a leading car manufacturer and part of the Hyundai Motor Group, the world’s third-largest automaker. Offering a wide range of stylish, reliable, and tech-driven vehicles—including sedans, hatchbacks, SUVs, and electric cars like the Ioniq 5—HMIL has become a household name with popular models like the Grand i10 NIOS, i20, Verna, and Creta. With a strong presence across India, it operates 1,366 sales points and 1,550 service centers, partnering with 363 dealers for smooth distribution. As of March 31, 2024, the company has sold nearly 12 million vehicles, serving both domestic and international markets, including Africa, the Middle East, and South Asia. Its advanced manufacturing plant near Chennai plays a key role in producing high-quality vehicles, including essential components like engines and transmissions.
Price Band
₹1865 – ₹1960
Issue Size
₹27870 Cr
Lot Size
7 shares
GMP
+3.2%
Est. Listing
₹2022
at current GMP
Subscribed
2.37x
overall
Open
15 Oct 2024
Close
17 Oct 2024
Allotment
19 Oct 2024
Refund
20 Oct 2024
Demat Credit
21 Oct 2024
Listing
22 Oct 2024
Designated Registrar: Kfin Technologies Limited
Allotment Date
19 Oct 2024
Basis finalization
Refunds Initiate
20 Oct 2024
Mandate release
Demat Credit
21 Oct 2024
Shares in demat
Listing Debut
22 Oct 2024
Trading begins
Hyundai Motor India Limited is bringing an initial public offering (IPO) in the Automotive sector with an aggregate issue size of ₹27,870.16 Crores. The shares are offered at a price band of ₹1865 to ₹1960 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2024-10-17, the basis of allotment is scheduled to be finalized on 2024-10-19. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.