Hyundai Motor India Limited’s Initial Public Offering to Open on October 15

The offer is being made under the Securities Contracts (Regulation) Rules, 1957 and complies with SEBI ICDR Regulations. The IPO will follow a book-building process, with up to 50% of the net offer available to qualified institutional buyers (QIBs). Up to 60% of the QIB portion may be allocated to anchor investors on a discretionary basis, as decided by the company in consultation with the Book Running Lead Managers (BRLMs). One-third of the anchor portion will be reserved for domestic mutual funds.

Additionally, 5% of the QIB portion will be reserved for mutual funds, and at least 15% of the net offer will be allocated to non-institutional investors. Of this, one-third will be available to bidders applying for between ₹200,000 and ₹1,000,000, and two-thirds for those applying for amounts above ₹1,000,000. The remaining 35% of the offer is reserved for retail individual investors.

The company’s equity shares will be listed on the BSE and NSE. Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, J.P. Morgan, and Morgan Stanley will act as the lead managers for the offering.