Hyundai Motor India’s Ipo: Check Application Status And Listing Date

Hyundai Motors’ initial public offering (IPO), which was open for subscription from October 15 to October 17, is scheduled to debut on the Indian stock market on October 22.

This IPO, one of the largest in India, faced challenges but managed to succeed due to strong institutional support on the final day. 

Hyundai’s IPO shares are offered at a fixed price range of ₹1,865 to ₹1,960 per share and a lot size of 7 shares. The company raised approximately ₹27,856 crore through this offering, which was entirely an offer-for-sale (OFS) of 142,194,700 shares by its parent company, Hyundai Motor Company from South Korea.

Overall, the bidding was subdued, with the IPO being subscribed only 2.37 times. The portion for qualified institutional buyers (QIBs) was subscribed 6.97 times, while the employee quota saw 1.74 times subscriptions. However, the portions reserved for non-institutional and retail investors were only 60% and 50% subscribed, respectively. 

How to Check the Hyundai IPO Allotment Status?

To check your IPO allotment status on the Angel One app, follow these steps:

1. Log in to the Angel One app.
2. Go to the IPO Section, then select IPO Orders.
3. Choose the specific IPO you applied for to check the allotment status.

Angel One will also notify you of your IPO allotment status through push notifications and email.

About Hyundai IPO

Hyundai Motor India, based in Chennai, is part of South Korea’s Hyundai Motor Group, the third-largest auto manufacturer globally in terms of passenger vehicle sales. The company produces various four-wheeled passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.