
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
Overall Subscription
2.37x
Total Demand
QIB Multiplier
6.97x
Institutions & Funds
NII / HNI
0.00x
High Net-Worth
Retail (RII)
0.50x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 28,283,260 | 197,248,156 | 6.97x |
| NIB | 21,212,445 | — | 0.00x |
| HNIs(10L +) | 14,141,630 | 8,147,006 | 0.58x |
| HNIs (2-10L) | 7,070,815 | 4,611,621 | 0.65x |
| RETAIL | 49,495,705 | 24,964,289 | 0.50x |
| EMPLOYEES | 778,400 | 1,356,831 | 1.74x |
| Total | 120,982,255 | 236,327,903 | 2.37x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| HNIs (10L+) | 134,682 | 11,962 | 0.09x |
| HNIs (2-10L) | 67,341 | 34,396 | 0.51x |
| Retail | 7,070,815 | 2,030,230 | 0.29x |
| Total Applications | 7,272,838 | 2,076,588 | 0.29x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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 (GMP) for Hyundai Motor India Limited IPO is ₹62 per equity share. Based on the upper price band of ₹1865 to ₹1960 per equity share, the estimated listing price is ₹2022 (+3.2% expected listing gain).
With a lot size of 7 shares and current GMP of ₹62, the expected profit per application lot is approx ₹434 (+3.2% gain). Minimum application cost is approx ₹13,720.
The Hyundai Motor India Limited IPO aggregate issue size is ₹27,870.16 Crores with an equity price band set at ₹1865 to ₹1960 per equity share. The retail lot size is 7 shares requiring a minimum capital outlay of approx. ₹13,720.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.37x (Retail: 0.50x, QIB: 6.97x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2024-10-19. Investors can verify status using PAN card or application number.
Hyundai Motor India Limited shares are scheduled to list on NSE and BSE on 2024-10-22.