Hyundai Motor India proposes to open IPO on October 15. Check details

Hyundai Motor India is set to launch its initial public offering (IPO) with a price band of ₹1,865 to ₹1,960 per equity share. Bids can be made for a minimum of seven equity shares, with the company looking to offload up to 14,21,94,700 equity shares. The IPO is scheduled to open on October 15, 2024, with the Anchor Investor Bidding Date on October 14, 2024, and the closing date on October 17, 2024. Hyundai Motor India has shown strong financial performance, with a net profit of ₹1,489.65 crore for the quarter ending June 30, 2024, and ₹6,060.04 crore for the fiscal year ending March 31, 2024. Established in 1996, Hyundai Motor India has become one of the leading passenger vehicle manufacturers in the country, with a focus on SUVs in its current lineup.