Hyundai IPO Live Updates: Issue subscribed 18% on Day 1; check, GMP, price band, key dates and other data...

Hyundai Motor India has launched its initial public offering (IPO) with a price band of ₹1865 to ₹1960 per share. The IPO, which opened on October 15, 2024, and closes on October 17, 2024, aims to raise ₹27,870.16 crore through the sale of 14.22 crore shares. The issue is entirely an offer for sale, with no fresh issue of shares. The allotment is expected to be finalized on October 18, 2024, and the shares will be listed on the BSE and NSE on October 22, 2024. The IPO includes a reservation for employees, who will receive a discount of ₹186 per share. The book running lead managers for the IPO are Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, J.P. Morgan India, and Morgan Stanley India. The funds raised will be used to enhance Hyundai’s market presence and expand its operations in India.