The initial public offering (IPO) of Hyundai Motor India will open for subscription on October 15. The issue closes on October 17. Through the public offer, the company plans to raise nearly ₹27,870 crore.

Here are 10 things to know about the Hyundai Motor India IPO before subscribing to the issue.

1) The company has fixed a price band of ₹1,865-1,960 per equity share for the public offer. Investors can bid for one lot of seven shares, followed by multiples of seven thereafter.

2) According to market observers, the current grey market premium of Hyundai Motor India is ₹147 in the unlisted market, indicating a premium of 7.5% to the issue price.

3) Promoter Hyundai Motor Company will be selling 14.2 crore equity shares in the offer-for-sale, according to the RHP. There is no fresh issue component in the IPO.

4) The $3 billion IPO will open for anchor investors for a day on October 14. The IPO opens on October 15 and the last day for subscription to the IPO will be October 17.

5) About 50% of the IPO has been set aside for Institutional Investors (QIB), while 15% of the issue has been reserved for non-institutional investors (NII). 35% of the IPO has been reserved for retail investors.

6) Hyundai Motor India is the second-largest OEM and the second-largest exporter of passenger vehicles and has a domestic market share of 14.6%.

7) For the month of September, Hyundai sold 64,201 units, a decline of 10% on a year-on-year basis. For 2024 till now, the company has sold 5.77 lakh units, which is flat compared to last year.

8) The IPO will make it India’s first car maker to go public in two decades since Maruti Suzuki in 2003, and would come just after Indian stock markets touched record highs and saw many companies making debuts.

9) Kotak Mahindra Capital Company, Citigroup Global Markets India, HSBC Securities and Capital Markets (India), JP Morgan India, and Morgan Stanley India Company are the merchant bankers handling Hyundai Motor India IPO, while KFin Technologies is the registrar.

10) Hyundai Motor India is expected to finalise the basis of allotment of its IPO shares by October 18 and the equity shares will be credited to demat accounts of successful investors by October 21. The trading in the company’s shares will commence on the BSE and NSE, effective October 22.