Hyundai Listing Date, Time, Latest GMP: What We Know

by rajtamil October 22, 2024

October 22, 2024 0 comment 3 views

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hyundai listing date, time, latest gmp, and more: here's all details

Hyundai Motor India Listing Date: Hyundai Motor India Limited (HMIL) is all set to debut on the stock exchanges tomorrow, October 22, 2024. The initial public offering (IPO), which ran from October 15 to 17, attracted considerable attention and was subscribed 2.37 times overall. With a price band of Rs 1,865 to Rs 1,960 per share, this IPO has become India’s largest to date, surpassing the record held by LIC.

Hyundai Listing: Shares To List Tomorrow on BSE and NSE

The shares of Hyundai Motor India will list on both BSE and NSE tomorrow. Market participants have been closely monitoring the grey market premium (GMP), which has seen fluctuations recently.

Hyundai IPO: Latest GMP

As of now, the GMP suggests a small premium of Rs 5 per share. This indicates a modest 0.26 per cent gain over the upper issue price of Rs 1,960.

Hyundai IPO: Listing Time

The IPO listing ceremony will begin at 9:00 AM, with regular trading starting at 10:00 AM.

Hyundai IPO Settlement Process

The settlement price of the IPO will be determined during the pre-open session on the listing day, which follows this schedule:

Order placement: 9:00 AM to 9:45 AM

Order matching and execution: 9:45 AM to 9:55 AM

Buffer period: 9:55 AM to 10:00 AM

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Hyundai Motor India IPO: Check Latest GMP, Key Dates, Price Band And Other Details

What To Expect?

Analysts are divided on the performance of Hyundai’s shares after the listing. While some expect a soft debut around Rs 1,930, slightly below the upper price band, others are optimistic about long-term gains given the company’s brand strength and market position. If it is decoded, in approximate, Analysts expect the listing to be either around the issue price or at a slight discount.

Hyundai IPO: Strong Demand From Institutional Investors And QIBs

The IPO saw strong support from institutional investors, with qualified institutional buyers (QIBs) subscribing 6.97 times.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.)