Auto/Passenger Vehicles - Listed on 22 October 2024
Hyundai Motor India (Auto/Passenger Vehicles) closed its IPO window in 2024 and listed on NSE and BSE on 22 October 2024 at an upper band issue price of Rs 1960, opening at Rs 1819.66 for a listing gain of -7.2% and closing day one at Rs 1819.66 (-7.2% on closing basis). The IPO was subscribed 2.37x overall - QIB 6.97x, HNI/NII 0.60x, Retail 0.50x. The total issue size was Rs 27,858.75 Cr (Fresh Issue Rs 0 Cr, OFS Rs 27858.75 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Auto/Passenger Vehicles
Hyundai Motor India operates in the Auto/Passenger Vehicles space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Hyundai Motor India issue was offered at an upper price of Rs 1,960 and raised approximately Rs 27,858.75 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 75 | +20.41% |
| Day 2 | Rs 75 | +15.31% |
| Day 3 | Rs 60 | +7.65% |
| Day 4 | Rs 65 | +2.55% |
| Day 5 | Rs 25 | 0.00% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Hyundai Motor India IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Hyundai Motor India IPO listed at -7.2% versus the upper issue price of Rs 1,960 on 22 October 2024.
Hyundai Motor India IPO was subscribed 2.37x overall. QIB portion was subscribed 6.97x, HNI / NII 0.60x and Retail 0.50x.
IPO GMP started at Rs 75 on Day 1 and moved to Rs 25 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.