IPO Date: Oct 15 to Oct 17 2024
Listing Date: Oct 22 2024
(i) to carry out the Offer for Sale of up to 142,194,700 Equity Shares of face value of ? 10 each by the Promoter Selling Shareholder aggregating up to ? [?] million; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. For further details of the Offer
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hicle sales in CY2023, according to the CRISIL Report. We have been the second largest auto OEM in the Indian passenger vehicles market since Fiscal 2009 (in terms of domestic sales volumes) according to the CRISIL Report. We have a track record of manufacturing and selling four-wheeler passenger vehicles that are reliable, feature-rich, innovative and backed by latest technology. This is demonstrated in our portfolio of 13 models across multiple passenger vehicle segments by body type such as sedans, hatchbacks, sports-utility vehicles (“SUVs”) and battery electric vehicles (“EVs”). We also manufacture parts, such as transmissions and engines. We have also been India’s largest exporter of passenger vehicles from Fiscal 2005 to the first 11 months of Fiscal 2024, having exported the highest cumulative number of passenger vehicles for the same period, according to the CRISIL Report. Since 1998 and up to March 31, 2024, we have cumulatively sold nearly 12 million passenger vehicles in India and through exports. We believe our current market position is because of (i) our wide product offerings, stakeholder relationships and operations; (ii) the strong Hyundai brand in India; (iii) our ability to leverage new technologies to enhance operational and manufacturing efficiency; and (iv) our ability to expand into new businesses such as EVs through innovation. In CY2023, we were among the top three contributors to HMC’s global sales volumes, and our contribution to HMC’s sales volumes has increased from 15.48% in CY2018 to 18.19% in CY2023. Read More
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An Initial Public Offering (IPO) is when a private company sells shares to the public for the first time, enabling investors to purchase these shares and gain partial ownership in the business. For instance, if a well-known tech firm wants to grow and requires additional funds, it might choose to go public through an IPO. During this process, investors can buy shares, and the company’s stock starts trading on the stock exchange on the day of the IPO listing.
Investors can apply for an IPO through their bank or brokerage account. Many trading platforms have a specific section for IPOs where users can submit their applications online.
The primary market is where shares are offered to the public for the first time via an IPO. After the IPO, shares are traded on the secondary market (stock exchange), where existing shareholders can sell to new buyers.
Investing in an IPO offers the opportunity to become an early investor in companies with high growth potential, at a price which may be lower than their post-listing market value. It provides a chance to participate in the company's growth journey from its early stages. However, IPO investments also come with inherent risks, such as market volatility and uncertainties about the company's future performance.
The price of an IPO is established through a systematic process known as "book building." In this method, investors bid within a given price range, and the final price is set based on demand and market conditions. Several factors play a crucial role in determining the IPO price, including:
The issue size of IPO is ₹ - crore.
The IPO opens for subscription on and closes on .
The price range of IPO is ₹ to ₹.
The lot size of IPO is shares.
The registrar of IPO is .
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