BSE has stated in a circular that HMIL has allotted 4.24 crore shares to 225 funds at ₹1,960 apiece, which is also the upper end of the price band. This translates to a transaction volume of ₹8,315.27 crore.
Out of the total allocation of 4.24 crore equity shares to the anchor investors, HMIL allocated 1.46 crore equity shares to 21 domestic mutual funds through 83 schemes, amounting to 34.42 per cent of the total shares. Some of the major mutual funds that participated in the anchor round include ICICI Prudential Mutual Fund (MF), HDFC MF, SBI MF, Nippon India MF, Kotak MF, Axis MF, Aditya Birla Sun Life MF, UTI MF and Bandhan MF.
Also Read : Hyundai mulls plan to export made-in-India Creta EV globally
A quick look at India’s largest IPO
Hyundai Motor India’s IPO is the largest in India and the second largest in the world in 2024. 27,870 crore, the Hyundai IPO surpasses the LIC’s initial share sale of 21,000 crores. The public subscription to Hyundai IPO will be open from October 15 and will conclude on October 17, with a price band of 1,865 – Rs 1,960 per share.
Hyundai Motor India’s IPO is entirely an offer-for-sale (OFS) of 14,21,94,700 equity shares by promoter Hyundai Motor Company (HMC), with no fresh issue component. This is the first IPO of any major automaker in India in more than two decades, following India’s biggest carmaker Maruti Suzuki’s listing in 2003.
Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape.
First Published Date: 15 Oct 2024, 07:18 AM IST
Leave a Reply