About Hyundai Motor India Ltd –
Hyundai Motor India Limited (HMIL) was founded in May 1996 and is a subsidiary of Hyundai Motor Group, the world’s third-largest auto OEM by passenger vehicle sales . HMIL is India’s second-largest carmaker (about 15% market share) and operates across a wide network of dealerships and services, producing trusted passenger vehicles and automotive components like transmissions and engines.
What is the Hyundai Motor IPO?
It was a major ₹27,870.16 crore offer-for-sale (OFS) by Hyundai’s South Korean parent, selling up to 17.5% stake in the Indian unit. No fresh shares were issued; proceeds went to the selling shareholder . The IPO valued HMIL at up to ~$19 billion, marking India’s largest-ever IPO and Hyundai’s first listing outside Korea .
IPO Timeline & Prices
Open: 15 October 2024
Close: 17 October 2024
Allotment finalised: 18 October
Refunds & Share credit: 21 October
Listing on BSE & NSE: 22 October 2024
Price band: ₹1,865 to ₹1,960 per share
Lot size: 7 shares, costing minimum ₹13,720 (~₹13,055–₹13,720 depending on rounding)
ASBA Method (via Bank)
Online: Login to your bank’s net banking → IPO section → fill in demat and bid details.
Offline: Download ASBA form, fill in details, and submit to a Self-Certified Syndicate Bank (SCSB).
Funds remain in your account but get blocked until allotment is finalised .
Allotment, Listing & Post-IPO Performance –
Allotment date: 18 October 2024
Refund/share credit: 21 October
Listing: 22 October 2024, debuting at ₹1,934 on NSE (1.3% discount to top price) and ₹1,931 on BSE (1.5% discount) .
Shares were subscribed 2.37× overall, driven primarily by strong institutional demand (QIBs subscribed 6.97×), while retail and NII segments were modestly subscribed (~0.50× and ~0.60× respectively) .
Why the IPO Matters & Future Outlook
it was India’s largest IPO to date, and Hyundai’s first public listing outside Korea, raising ~$3.3 billion and setting the stage for large institutional backing from investors like Black Rock and Fidelity
HMIL plans to invest IPO-linked funds into boosting R&D, launching new electric and hybrid vehicles, and expanding to become a manufacturing hub, including activating a second plant in Maharashtra by 2026 to scale capacity to 1 million units/year .
Since launch, shares have rallied—reaching an all-time high of ₹1,986.60 in June 2025—driven by strong auto demand post-RBI repo-rate cuts, EV growth, and investments in renewable energy .
Topic. Details –
PO Price Band ₹1,865–₹1,960/share
Lot Size & Minimum Bid 7 shares (~₹13,720)
Subscription Window 15–17 Oct 2024
Allotment Date 18 Oct 2024
Share Credit & Refund 21 Oct 2024
Listing Date 22 Oct 2024
Exchange Listing BSE & NSE
Application Methods Krte UPI / ASBA
Allocation Ratio 2.37× overall subscription
Listing Day Outcome Listed slightly below IPO price
Long-Term Outlook Focused on R&D, EVs, export hub expansion.
i will write one more article about this covering other details about Hyundai ipo after some more reaserch.
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