New Delhi : After almost 20 years, an IPO of an automobile company is being launched in the Indian IPO market, that too an IPO which will be the largest size IPO in the country. This IPO will be of none other than Korean company Hyundai Motors. It is being told that the IPO of the Indian unit of this company, Hyundai Motors India, is going to open today.
Let us tell you that after the opening of this IPO, the record of the largest insurance company LIC may also be broken. This insurance company LIC had created a record by launching an IPO of Rs 21,000 crore in the year 2022. If you can invest more than Rs 13,000, then you can earn a lot through this IPO.
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IPO will be offer for sale
In the documents that Hyundai Motors India had submitted to SEBI, it was clearly stated that Hyundai will not issue new shares. Now from the news coming out, it has been revealed that Hyundai Motors India can sell a part of its stake only to retail and rest to investors through Offer for Sale. This shows that Hyundai Motors India can offer for sale 142,194,700 shares with a face value of Rs 10.
Earnings from anchor investors also
Anchor investors have also benefited greatly from the IPO of Hyundai Motors India. Before issuing the IPO for general investors, this company had opened this IPO for anchor investors on Monday. The effect of which has been that the company has raised Rs 8,315 crore with the help of these anchor investors. Companies like Government of Singapore, BlackRock Global Funds, Fidelity Funds, JP Morgan Funds, HDFC Life Insurance Company and SBI Life Insurance have been included in the list of anchor investors.
investment of more than 13000
Let us tell you that for a stake in this company it is very important for you to invest Rs 13720. The company has kept the price band of Rs 1865-1960 for this IPO. Apart from this, if you want to buy shares in lots, then you can get a lot size of 7 shares, which means that investors cannot bid for shares less than this. If you buy a lot of 7 shares, you can easily get a share in the profit of this company.
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