Hyundai Motor India IPO: Price Likely At Rs 1,865-1,960, Check Opening Date, Size, Recommendations

Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, is expected to be opened next week. According to news agency Reuters, the price band of the much-awaited Rs 25,000-crore initial share-sale is likely to be fixed at Rs 1,865-1,960 per share.

This IPO marks a significant milestone for the Indian auto industry, as it is the first automaker’s initial share sale in over two decades, following Japanese automaker Maruti Suzuki’s listing in 2003.

Hyundai Motor India IPO: Opening Date & Price

The IPO will be opened for public subscription on October 15 and closed on October 17. The IPO will be opened for anchor investors on October 14, according to a Reuters report citing three sources with direct knowledge.

The price band of the IPO is likely to be in the range of Rs 1,865 to Rs 1,960 per share.