Hyundai Motor India Ltd. has announced public offering of 142194700 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 1,950.00 per share. The gross proceeds of the issue are expected to be Rs 27,87,016.12 lakhs.
The company's initial public offer (IPO) will open on 15 October 2024 and is expected to close on 17 October 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 1,865.00-1,960.00 per share.
The IPO includes a fresh Issue of 142194700 Equity Shares of the Company at an price of Rs 1,960.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 7 shares with bids in multiples of 7.
Hyundai Motor India Ltd. anticipates using the proceeds of the issue for .
Kotak Mahindra Capital Company Ltd.,JP Morgan India Private Limited.,Citigroup Global Markets India Private Limited,Morgan Stanley India Company Private Limited,HSBC Securities and Capital Markets (India) Privat as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.