Business: Only today is left for the country's biggest IPO to come and the company bringing it is Hyundai Motor India. Hyundai Motor India's IPO is going to open for general investors on Tuesday, October 15 and from today it will open for anchor investors. Hyundai is one of the country's largest car manufacturing companies. Through this IPO, the company plans to raise Rs 27,870 crore and in this sense it will be the country's largest IPO so far. Hyundai Motor India is the country's second largest car company after Maruti Suzuki India.

What is the status of Gray Market Premium (GMP)

In terms of GMP, the GMP of Hyundai Motor India IPO is Rs 75 per share and based on this, the listing of the stock can happen at Rs 2035 per share which is 3.83 per cent. 

Know the price band and lot size

1. According to the information given by the company, the IPO will be open for retail investors from October 15 to October 17.
2. Its price band has been fixed from Rs 1865 to Rs 1960 per share.
3. One lot of Hyundai Motor India will have seven shares.
4. This entire IPO will be an Offer for Sale (OFS). 
5. After the IPO, the company's share will decrease from 100 percent to 82.50 percent.

The company has reserved 77,84,00 shares for its eligible employees and is offering them a discount of Rs 186 per share. Of the rest, it has not allocated more than 50 per cent to QIBs, 15 per cent to HNIs and 35 per cent to retail investors. 

what is OFS

All the money raised through this IPO will go to the investors or promoters of the company. Hyundai Motor India has 1377 sales outlets and 1561 service outlets in the country. Before its IPO, the Rs 21,000 crore IPO of Life Insurance Corporation of India (LIC) in the year 2022 was the largest IPO in the country.