Page 4 - Hyundai Motors

Hyundai Motor India drops 7% in market debut after country's biggest IPO

HMIL's IPO had seen strong response from sovereign wealth funds and domestic mutual funds, but retail and wealthy investors sidestepped the issue amid a selloff in auto stocks and overall markets

HMIL's IPO shows our commitment to India, says Hyundai chief Chung

South Korean auto major Hyundai Motor Company is taking the next big step with the IPO of its Indian arm which shows its commitment to the country, Hyundai Motor Group Executive chair Euisun Chung said on Tuesday. Speaking at the listing ceremony of Hyundai Motor India Ltd (HMIL) here, Chung also said that the IPO also shows HMIL is a key part of India. Shares of Hyundai Motor India Ltd made a muted market debut and further fell by nearly 6 per cent against the issue price of Rs 1,960. The Rs 27,870-crore initial public offer of Hyundai Motor India Ltd, which had a price band of Rs 1,865-1,960 per share, was subscribed 2.37 times on the last day of the bidding on Thursday, helped by institutional buyers. With this fundraising, HMC has diluted its stake by 17.5 per cent in HMIL. This was the largest IPO in the country, surpassing LIC's initial share sale of Rs 21,000 crore. The Initial Public Offer (IPO) was entirely an Offer For Sale (OFS) of 14,21,94,700 equity shares by promo

Hyundai Motor India falls 3% post listing: Should you buy, sell or hold?

Market analysts remain cautious on Hyundai Motor India, recommending profit booking and re-entry at lower levels, citing market volatility and the company's disappointing listing

Hyundai Motor India shares make poor start on bourses: List at 1% discount

On the National Stock Exchange (NSE), Hyundai Motor India listed at Rs1,934, reflecting a 1.32 per cent discount over its IPO price

IPOs in Samvat 2080: Rs 1.08trn raised; will Samvat 2081 keep frenzy alive?

Market analysts remain optimistic about the outlook for the Indian markets in Samvat 2081. In this backdrop, they expect more companies to test the markets in search for funds via the IPO route

Hyundai Motor India IPO GMP recoups before listing: What should you expect?

Shares of Hyundai Motor India are expected to make their debut on the bourses on October 22, 2024. Here's what the GMP trends suggest about the listing

Hyundai's historic India IPO signals new era for multinational listings

Hyundai's compatriot LG Electronics Inc. is also reported to be preparing for a potential IPO of its Indian unit

Hyundai Motor India IPO allotment: Check status; GMP shows weak listing

Hyundai Motor IPO Allotment: Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960

QIBs come to rescue of Hyundai India IPO; country's largest IPO booked 2.4x

The IPO received bids for 236 million shares, worth Rs 46,320 crore, as against 99.77 million on offer

Hyundai submits PFR to take up modernisation of TN plant for Rs 1,500cr

Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 new jobs and the plant size would be increased to 7.21 lakh sq metre from the current 5.40 lakh sq metre. Hyundai Motor India has planned to expand the factory by adding additional 1.81 lakh sq metres of land at the factory. According to the company, it has proposed to take up revamping and modernisation of its existing manufacturing facility at Irungattukottai, Kancheepuram district in Tamil Nadu, As per the Pre-Feasibility Report submitted by the automaker on Thursday, the manufacturing facility is spread across an area of 538 acres and has the capacity to produce 8.50 lakh cars per annum. "Hyundai Motor India as per the proposed revamping and modernisation plan, the built-up

Last chance! Hyundai Motor India IPO closes today; GMP sinks below 1%; bid?

Hyundai Motor India IPO which opened for public subscription on Tuesday, October 15, and comes to closing hours today

Hyundai Motor India IPO: How to apply, calculate lot size, other key info

The public issue of Hyundai Motor India, which opened for subscription yesterday, will conclude on Thursday, October 17, 2024. Here are the key details of India's largest IPO for investors

Hyundai Motor India IPO GMP inches up on Day 2; subscription rises to 0.22x

The public issue of Hyundai Motor India, which concludes tomorrow, is available at a price band of Rs 1,865-Rs 1,960, with a lot size of 7 shares

Fresh vs OFS: Hyundai Motor India's mega IPO set to upend 2024 skew

Share of fundraising via fresh issuances so far is highest in 12 years

Hyundai Motor India IPO off to slow start: 0.11x subscription, GMP falls 1%

Notably, Hyundai Motor India's IPO marks the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003

Hyundai Motor India IPO opens: GMP shows slight uptick; Should you apply?

Hyundai Motor India IPO opens for public subscription from October 15, 2024, to October 17, 2024. Check here for key details: Price Band, Lot Size, GMP, Allotment Date, Listing Date, and more

Hyundai Motor India IPO review: Worth investing? Brokerages' recommendation

Hyundai Motor India IPO review: Valuation, GMP, brokerages views - Here's all you need to know before investing in the mega offering

IPO-bound Hyundai Motor India raises Rs 8,315 cr from anchor investors

42.4 mn shares allotted to 225 funds at Rs 1,960 apiece

Hyundai India starts $3.3 billion IPO in country's largest ever share sale

Hyundai will not issue new shares in the IPO, in which its South Korean parent will sell up to 17.5 per cent of its stake in the wholly-owned unit that will be valued at up to $19 billion

Hyundai Motor India's growth engine roars on SUVs, capacity expansion

The carmaker's short-term gains may stall in neutral over high valuations