Hyundai Motor India Limited IPO's Rs 27870.16 crore book built issue opened on October 15 and closed on October 17. Since the IPO is an OFS, all the proceeds will go to the selling shareholder. Even though the entire proceeds from the IPO will go to the parent company, the management said that the funds will be used for research and development and new innovative offerings.

Hyundai Motor IPO Subscription Status

Hyundai Motor IPO was subscribed 2.37 times overall. It was subscribed 50 percent in the retail category, 60 percent in the NII category, and 697 percent in the QIB category. Retail investors are always in a race to subscribe to IPOs, but they did not show much interest in India's biggest IPO. This IPO had the worst retail subscription of just 50% among the top 5 offers seen in the country so far.

Hyundai Motor IPO GMP

According to market analysts, the current GMP of Hyundai Motor IPO is Rs 32 less than the cap price in the unlisted market, i.e. the estimated listing price is Rs 1928 against the cap price of Rs 1960. The GMP of Hyundai Motor IPO has fallen drastically in the last few days. However, this is just an indication.
 

Hyundai Motor IPO Share Listing Date

Allotment of shares of Hyundai Motor IPO will be finalized late on October 18. Shares will be credited to the demat account on October 21 and a refund will also be done. The company's shares will be listed on BSE, NSE on October 22.
 

Steps to check share allotment status

You can check the share allotment status by visiting the website of the registrar, which is KFin Technologies Limited in this issue.

Here are the easy steps to check the share allotment status from the registrar's website.

Step 1: Visit the website of KFin Technologies Limited (https://ris.kfintech.com/ipostatus/).

Step 2: Click on any of the five links provided

. Step 3: Select the company name in the dropdown of Select IPO.

Step 4: Enter the PAN number or Application Number or Demat details.

Step 5: Enter the Captcha and click on Submit to know the share allotment status.
 

Other details

Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales. Hyundai is the second largest car manufacturer in India with a portfolio of 13 passenger vehicle models across sedans, hatchbacks, and SUVs. The company manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles powered by the latest technology. The company also manufactures components such as transmissions and engines. The company has 1366 sales points and 1500 service points across India. The company aims to leverage its strong local manufacturing capabilities to establish itself as Hyundai Motor's largest production base in Asia. HMIL's manufacturing plant is located near Chennai, where a full range of vehicle models are produced. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka. For the quarter ended June 2024, the company reported revenue of Rs 17,344 crore, marking a growth from Rs 16,624 crore in the same period last year. Of the total revenue, 76% was derived from the domestic market, while exports accounted for 24%.