
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
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹1960
Band: ₹1865 – ₹1960
Estimated Listing Price
₹2022
Upper price + GMP
Lot Size
7 shares
Min investment ₹13,720
Estimated Profit / Lot
₹434
7 × ₹62
Grey Market Premium trend
+₹62
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹62 | 3.2% | ₹2022 |
| 30 Oct 2026 | +₹62 | 3.2% | ₹2022 |
| 29 Oct 2026 | +₹56 | 2.9% | ₹2016 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
The latest grey market premium for Hyundai Motor India Limited IPO is ₹62, which indicates an expected listing price of ₹2022.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.