Hyundai Motors India IPO
Hyundai Motor India Ltd is set to launch a $3 billion initial public offering, which will be the largest in the country to date. According to sources, the IPO is expected to open for subscriptions on October 14, with the price range to be revealed by the middle of next week. Hyundai Motor India Ltd, the Indian subsidiary of the the South Korean automotive company Hyundai. This IPO will mark the largest in India since the Rs 21,000 crore IPO of LIC. The subscription period is planned for October 14 to 16, although these dates could change depending on market conditions, especially in light of the escalating conflict in the Middle East. Hyundai Motor has set its IPO price band between ₹1865 and ₹1960 per share. Retail investors need to invest a minimum of ₹13,720, which corresponds to the minimum lot size of 7 shares. For small non-institutional investors (sNII), the minimum investment is 15 lots (105 shares), totaling ₹205,800. For big non-institutional investors (bNII)...