Hyundai Motors India IPO allotment today; Check details here

18 Oct 2024 , 10:08 AM

The IPO of Hyundai Motors India Limited has garnered a moderate response from investors, achieving a subscription rate of 2.37 times as of October 17, 2024, at 5:11 PM (Day 3). The company has successfully raised ₹27,870.16 crore from the IPO, which comprises only an offer-for-sale (OFS).

Hyundai Motors India Timeline:

Hyundai Motors India IPO Open Date	Tuesday, October 15, 2024
Hyundai Motors India IPO Close Date	Thursday, October 17, 2024
Hyundai Motors India Basis of Allotment	Friday, October 18, 2024
Hyundai Motors India Initiation of Refunds	Monday, October 21, 2024
Hyundai Motors India Credit of Shares to Demat	Monday, October 21, 2024
Hyundai Motors India Listing Date	Tuesday, October 22, 2024

 

Hyundai Motors India IPO Subscription status:

Date	QIB	NII	Retail	EMP	Total
Day 1 October 15, 2024	0.05	0.13	0.27	0.81	0.18
Day 2 October 16, 2024	0.58	0.26	0.38	1.31	0.42
Day 3 October 17, 2024	6.97	0.60	0.50	1.74	2.37

 

How to Check Hyundai Motors India IPO Allotment Status:

Investors who have applied for the Hyundai Motors India IPO can track the allotment status through the Bombay Stock Exchange (BSE) or National Stock Exchange (NSE) websites. Here’s how:

Steps to check on BSE:

1. Visit the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. From the “Issue Type” dropdown, select “Equity.”
3. Choose “Hyundai Motors India Limited” from the “Issue Name” dropdown.
4. Enter your application number and PAN ID.
5. Complete the captcha by clicking ‘I am not a robot’ and then press “Search.”

How to Check IPO Allotment Status in Your Bank Account:

1. Log in to your bank’s internet banking portal or mobile app.
2. Navigate to the “IPO Services” or “Application Status” section.
3. Input your PAN, application number, or other relevant details.
4. Once submitted, the status of your IPO allotment, including the number of shares allocated, should be displayed.
5. For accuracy, you can cross-check with the IPO Registrar.

How to Check IPO Allotment Status in a Demat Account:

1. Log into your Demat account via your depository participant’s (DP) mobile app or website.
2. Go to the “IPO” or “Portfolio” section.
3. Check whether the allotted shares are reflected in your Demat account.
4. If shares aren’t visible, visit the Registrar’s website and enter your application details to verify the allotment.
5. For any discrepancies, reach out to your DP’s customer service for assistance.

How to Check Hyundai Motors India IPO Allotment Status on Registrar Website:

1. Visit website of IPO Registrar, KFin Technologies Ltd. https://www.kfintech.com/
2. Click on “Products” at the Homepage.
3. Here under IPO section, you will get IPO allotment status, Click on it
4. Here enter you need to click on any of the 5 links provided
5. You will be redirected to the IPO allotment page.
6. Select the name of the company in which you have applied for the IPO.
7. Select any one of “Application number”, “Beneficiary ID” or “PAN Number”.
8. Enter the details of your selection.
9. Enter Captcha details.
10. Click on “Submit”.

 

About the Hyundai Motors India IPO

The IPO of Hyundai Motors India Limited was opened for subscription from October 15 to October 17, 2024. Investors were allowed to apply in shares in a lot of 7 shares at an issue price of ₹ 1865-1960 apiece.

Hyundai Motor India Ltd (HMIL) made headlines on Monday by raising Rs 8,315 crore from anchor investors, marking the first initial share sale by an automaker in over two decades since Maruti Suzuki’s listing in 2003.

The initial public offer (IPO) consists entirely of an offer for sale (OFS) of 14,21,94,700 equity shares, all provided by the promoter, Hyundai Motor Company (HMC). Notably, there is no fresh issue component in this offering.

As the public issue is solely an OFS, Hyundai Motor India Ltd, which stands as the second largest car manufacturer in India after Maruti Suzuki, will not receive any proceeds from the IPO.

The book running lead managers for the Hyundai Motor IPO are Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd.