Hyundai Motor India IPO is Open For Subscription: Company’s Financials at a Glance

Hyundai Motor India has launched its much-anticipated initial public offering (IPO), which opened for subscription on Tuesday, October 15, 2024, and will close on Thursday, October 17, 2024. The allotment of shares for the IPO is expected to be finalised on Friday, October 18, 2024. The company’s shares are expected to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on Tuesday, October 22, 2024.

This IPO is a complete offer-for-sale (OFS), featuring the sale of 142,194,700 equity shares by its promoter, Hyundai Motor. There will be no fresh issue of shares. The price band for the IPO has been set between ₹1,865 and ₹1,960 per share, with a minimum lot size of 7 shares, requiring a minimum investment of ₹13,720 from retail investors.

While you consider subscribing to the Hyundai IPO, it’s essential to review the company’s key financial results to gain a better understanding of its performance and growth potential in the automotive market. 

Hyundai Motor India’s financials indicate a strong and stable company, with revenue growth and healthy profit margins. As the IPO opens for subscription, potential investors should consider these factors and assess the company’s long-term prospects in the rapidly evolving automotive landscape.

As the Hyundai Motor stock listing nears, the Hyundai Motor Share Price will set the tone for early trading and potential long-term gains for investors

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.