Hyundai IPO opens for bidding on October 15, 2024 and closes on October 17, 2024. Hyundai Motor IPO is a book-built issue of ₹27,870.16 crores. The issue is entirely an offer for sale of 14.22 crore shares. Hyundai Motor’s IPO price band is set at ₹1865 to ₹1960 per share. Hyundai IPO raised ₹8,315.28 crore from anchor investors. Hyundai Motor IPO Anchor bid date is October 14, 2024
On October 14, 2024, the Hyundai IPO committee, in consultation with the book-running lead managers—Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited, and Morgan Stanley India Company Private Limited—finalised the allocation of 42,424,890 equity shares to anchor investors at a price of ₹1,960 per share.
| Sr No | Name of the Anchor Investor | No. of Equity
Shares allocated |
% of Anchor
Investor Portion |
Total Amount
Allocated (₹) |
| 1 | Government of Singapore | 2,074,086 | 4.89 | 406,52,08,560 |
| 2 | Monetary Authority of Singapore | 349,181 | 0.82 | 68,43,94,760 |
| 3 | New World Fund Inc | 3,942,470 | 9.29 | 772, 72,41,200 |
| 4 | American Funds Insurance Series New World Fund | 225,666 | 0.53 | 44,23,05,360 |
| 5 | Fidelity Securities Fund: Fidelity Blue Chip
Growth Fund |
574,000 | 1.35 | 112, 50,40,000 |
| 6 | Fidelity Investment Trust Fidelity Series
Emerging Markets Opportunities Fund |
412,664 | 0.97 | 80,88,21,440 |
| 7 | Fidelity Investment Trust Fidelity Series
Emerging Markets Fund |
102,403 | 0.24 | 20,07,09,880 |
| 8 | Fidelity Rutland Square Trust II: Strategic Advisers Fidelity Emerging Markets Fund As Managed By Fiam Llc | 121,401 | 0.29 | 23, 79,45,960 |
| 9 | Fiam Group Trust For Employee Benefit Plans Fiam Select Emerging Markets Equity Commingled Pool | 48,300 | 0.11 | 9, 46, 68,000 |
| 10 | Fidelity Securities Fund Fidelity Blue Chip Growth K6 Fund | 136,402 | 0.32 | 26, 73, 47,920 |
Hyundai Motor India Limited is a part of the Hyundai Motor Group, which manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines.
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.
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