{"id":4275,"date":"2024-10-09T08:53:32","date_gmt":"2024-10-09T03:23:32","guid":{"rendered":"https:\/\/lakshmishree.com\/news\/?p=4275"},"modified":"2024-10-09T08:53:33","modified_gmt":"2024-10-09T03:23:33","slug":"hyundai-motor-india-sets-ipo-price-band-at-rs-1865-1960-for-rs-27870-crore-offering","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/news\/hyundai-motor-india-sets-ipo-price-band-at-rs-1865-1960-for-rs-27870-crore-offering\/","title":{"rendered":"Hyundai Motor India Sets IPO Price Band at Rs 1,865-1,960 for Rs 27,870-Crore Offering"},"content":{"rendered":"\n

Hyundai Motor India, the country\u2019s second-largest carmaker, has announced a price band of Rs 1,865-1,960 per share for its Rs 27,870-crore initial public offering (IPO), which is set to open on October 15. The IPO, consisting entirely of an offer-for-sale of 14.2 crore equity shares by its parent company Hyundai Motor Company, will close on October 17.<\/p>\n\n\n\n

Valued at Rs 1.59 lakh crore at the upper price band, Hyundai Motor Company will retain an 82.5 percent stake in its Indian unit post-IPO. Investors can bid for a minimum of seven shares, with retail investors able to invest between Rs 13,720 and Rs 1,92,080 in the offering, adhering to the Rs 2 lakh cap for retail participants.<\/p>\n\n\n\n

Institutional investors can participate in the anchor book on October 14, one day before the offer opens. Hyundai Motor India’s IPO will be the largest auto-sector public issue since Maruti Suzuki’s listing in 2003, and the biggest in India since LIC\u2019s Rs 21,000 crore IPO in 2022.<\/p>\n\n\n\n

Hyundai Motor India, which currently sells 13 passenger vehicle models, recorded a net profit of Rs 6,060 crore in FY24, up 28.7 percent, and revenue of Rs 69,829 crore, a 15.8 percent growth over the previous year.<\/p>\n\n\n\n

Do you have a news tip for Lakshmishree reporters? Please email us at <\/em>media@lakshmishree.com<\/p>\n\n\n\n

Source:\u00a0Moneycontrol<\/a><\/sup><\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"

Hyundai Motor India, the country\u2019s second-largest carmaker, has announced a price band of Rs 1,865-1,960 per share for its Rs 27,870-crore initial public offering (IPO), which is set to open on October 15. The IPO, consisting entirely of an offer-for-sale of 14.2 crore equity shares by its parent company Hyundai Motor Company, will close on […]<\/p>\n","protected":false},"author":1,"featured_media":4276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[50],"tags":[464],"class_list":["post-4275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indian-market","tag-hyundai-motor-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/comments?post=4275"}],"version-history":[{"count":1,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4275\/revisions"}],"predecessor-version":[{"id":4277,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/posts\/4275\/revisions\/4277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media\/4276"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/media?parent=4275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/categories?post=4275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/news\/wp-json\/wp\/v2\/tags?post=4275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}