Hyundai India IPO subscription starts on 15 October 2024 and will close on 17 October 2024. Hyundai India plans to raise around INR 27,870 crores via the IPO which will be the biggest IPO in India. The price band is fixed at INR 1,865 – 1,960 per share. Hyundai India IPO market lot has 7 shares and the minimum application amount is INR 13,720. The retail quota is 35%, QIB is 50% and NII is 15%.
Check Hyundai India IPO subscription status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Hyundai India IPO subscription status segregated by days and investor categories.
Hyundai India IPO Subscription Status – Live Updates
| Category | QIB | NII | Retail | Employee | Total |
|---|---|---|---|---|---|
| Shares Offered | 2,82,83,260 | 2,12,12,445 | 4,94,95,705 | 7,78,400 | 9,97,69,810 |
| 17 Oct 2024 | 6.97 | 0.60 | 0.50 | 1.74 | 2.37 |
| 16 Oct 2024 | 0.58 | 0.26 | 0.38 | 1.31 | 0.42 |
| 15 Oct 2024 | 0.05 | 0.13 | 0.26 | 0.80 | 0.18 |
Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.
Hyundai India – Business Background
Hyundai Motor India is a well-known name and has claimed the title of second largest auto OEM in the Indian passenger vehicles market since Fiscal 2009 in terms of sales volumes. The company has consistently been the largest auto OEM in India by sales volume in the mid-size SUV sub-segment from Fiscal 2019 to the first 11 months of Fiscal 2024. Creta had a market share of 30% in the mid-size SUV sub-segment while Verna was the top-selling model in the premium sedans sub-segment with 31.2% market share, in the first 11 months of Fiscal 2024.
This portfolio consists of 13 passenger vehicle models across segments, including sedans (Aura and Verna), hatchbacks (Grand i10 NIOS, i20 and i20 N Line) and SUVs (Exter, Venue, Venue N Line, Creta, Creta N Line, Alcazar, Tucson and IONIQ 5).
The company has been India’s largest exporter of passenger vehicles from Fiscal 2005 to the first 11 months of Fiscal 2024. Since its inception and up to December 31, 2023, Hyundai Motor India exported 3.53 million passenger vehicles to over 150 countries, including countries in Latin America, Africa, the Middle East, and Asia. The export market is a revenue driver for the company as it earns a higher average selling price (ASP) for exports versus domestic products.
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Investor Categories in Hyundai India IPO Subscription
The three most important categories of IPO investors defined by SEBI are part of Hyundai India IPO.
Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 250 million.
Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.
Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 200,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.
The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).
Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. In the event of the IPO-bound company not fulfilling this criterion, only 10% of shares are reserved for retail investors.
Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.
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Hyundai India IPO Subscription Status FAQs
When will Hyundai India IPO subscription start?
Hyundai India IPO subscription starts on 15 October and ends on 17 October 2024.
How to subscribe to Hyundai India IPO?
You can subscribe to the IPO through ASBA and non-ASBA options. To use ASBA, login to your bank account and apply for the IPO online. Alternatively, you can download the form online or obtain a physical form, then submit the completed form to your broker or bank.
When will Hyundai India IPO be listed?
Hyundai India IPO will be listed on 22 October 2024, at the BSE and NSE stock exchanges.
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