On October 14, Hyundai Motors India will use anchor bidding to fund Rs 8,315 crore.

Hyundai Motors India Ltd. plans to offer 42.42 million shares, generating around Rs 8,315 crore from anchor investors. Subscriptions for the company's Initial Public Offering (IPO), which has a price range of Rs 1,866 to Rs 1,960 per share, will be accepted from October 15 to October 17. In order to raise a total of Rs 27,870 crore, the promoters would sell approximately 142.19 million shares in this pure offer-for-sale IPO. The non-institutional portion will be worth Rs 4,158 crore, while the Qualified Institutional Buyers (QIB) share would be around Rs 5,543 crore, The retail portion would comprise 49.5 million shares, valued at around Rs 9,701 crore, while the non-institutional segment will be worth Rs 4,158 crore. The company's market capitalization is estimated to be approximately Rs 1.60 lakh crore based on the higher pricing band. On October 18, the basis of allocation for Hyundai Motors India's initial public offering (IPO) would be finalized. The company will list on stock exchanges on October 22 after refunds and equity shares are paid to investors' accounts on October 21. Since 2009, Hyundai Motors India, a division of the Hyundai Motor Group, has been the second-largest passenger vehicle manufacturer in India and the third-largest carmaker in the world by 2023 passenger vehicle sales. Hyundai Motors India recorded revenue of Rs 17,344 crore for the quarter ending June 2024, up from Rs 16,624 crore for the same time the previous year. The domestic market accounted for 76% of overall income, with exports making up the remaining 24%. In comparison to Rs 1,329.19 crore in the prior year, the company's net profit for the quarter was Rs 1,489.65 crore. The issue's principal managers are Morgan Stanley India, JP Morgan India, HSBC Securities and Capital Markets, Citigroup Global Markets, and Kotak Institutional Equities.