Jaipur: Hyundai Motor India Limited has ready to launch the nation’s largest ever Initial Public Offering. On Monday, a giant announcement concerning Initial Public Offering was made by Hyundai Motor India Limited in Jaipur, beneath which Hyundai Motor India Limited has stated that it’ll open the Initial Public Offering on Tuesday, October 15, 2024.
Regarding the matter, Hyundai Motor India Limited COO Tarun Garg stated that the date of anchor investor bid is October 15, 2024. The bid/provide cut-off date is Thursday, October 17, 2024. At the identical time, the worth band of the provide has been mounted from Rs 1,865 per fairness share to Rs 1,960 per fairness share. Bids will be made for no less than 7 fairness shares and multiples of seven fairness shares thereafter.
Tarun Garg, COO, Hyundai Motor India Limited (ETV Bharat Jaipur)
The firm’s Initial Public Offering includes a proposal on the market of 142,194,700 fairness shares by Hyundai Motor (‘Promoter Selling Shareholder’). The particular factor is that after virtually twenty years, an vehicle firm is launching its Initial Public Offering and its dimension shall be larger than LIC Initial Public Offering. The firm has made different bulletins together with the worth band, lot dimension of the Initial Public Offering on Monday.
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Hyundai Motors India will provide on the market 142,194,700 shares with face worth of Rs 10 by this subject. Let us let you know that the corporate has deliberate to lift Rs 8,315.28 from anchor buyers.
