Hyundai Motor India IPO
Hyundai Motor India Limited (HYUNDAI) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 22 October 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +1.2% (likely range -11% to +7%), day's high +13.6%, chance of a gain 50%. Actual: -1.3% at the open, +0.5% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 2,82,83,260 | 19,72,48,156 | 6.97x | |
| NII (HNI) total | 2,12,12,445 | 1,27,58,627 | 0.60x | |
| Big NII (above ₹10 lakh) | 1,41,41,630 | 81,47,006 | 0.58x | |
| Small NII (₹2-10 lakh) | 70,70,815 | 46,11,621 | 0.65x | |
| Retail | 4,94,95,705 | 2,49,64,289 | 0.50x | |
| Employees | 7,78,400 | 13,56,831 | 1.74x | |
| Total | 9,97,69,810 | 23,63,27,903 | 2.37x |
Bids on NSE and BSE together, as published by NSE, as of 17 Oct 2024, 07:00 PM. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Hyundai Motor India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Gland PharmaNov 2020 | 6.40x | 0.51x | 0.24x | 2.06x | ₹6,480 Cr | +14.0% | +23.3% |
| SBI Life Insurance CompanySep 2017 | 12.6x | 0.70x | 0.85x | 3.58x | ₹8,400 Cr | +5.0% | +5.7% |
| ICICI Lombard General Insurance CompanySep 2017 | 8.17x | 0.83x | 1.23x | 2.98x | ₹5,701 Cr | -1.5% | +5.0% |
| General Insurance Corporation Of IndiaOct 2017 | 2.25x | 0.22x | 0.63x | 1.38x | ₹19,892 Cr | -6.8% | -1.4% |
| The New India Assurance CompanyNov 2017 | 2.34x | 0.12x | 0.11x | 1.19x | ₹16,584 Cr | -6.2% | -6.2% |
| Vedant FashionsFeb 2022 | 7.49x | 1.07x | 0.39x | 2.57x | ₹3,149 Cr | +8.0% | +14.6% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| HSBC Securities and Capital Markets (India) | 15 | +8.3% | 87% |
| J.P. Morgan India | 27 | +17.4% | 74% |
| Morgan Stanley India Company | 24 | +13.9% | 67% |
Offer documents (NSE)
Frequently asked
What is the Hyundai Motor India IPO price band and lot size? ₹1,865–1,960 per share, with a lot of 7 shares, so the smallest retail bid is ₹13,720.
How many times has it been subscribed? 2.37x overall: QIB 6.97x, NII 0.60x, retail 0.50x, employees 1.74x.
How did it list? It opened at ₹1,934, -1.3% against the issue price of ₹1,960, and closed its first day -7.2%.
