Mon Oct 14 12:54:49 UTC 2024: ## Hyundai Motor IPO Opens Today, Largest in Indian History

**Mumbai, October 14, 2023:** Hyundai Motor India’s Initial Public Offering (IPO) is set to open today for anchor investors, marking the largest IPO in Indian history. The company aims to raise a staggering ₹28,870.16 crore from the primary market, surpassing the previous record held by LIC.

Anchor investors, who typically invest large sums in IPOs, will have the opportunity to subscribe today. Hyundai hopes to garner ₹8215.28 crore from these investors. Anchor investors are required to hold their shares for a period ranging from 30 days to 6 months before they can sell them.

Retail investors can participate in the IPO starting tomorrow, October 15th, and the offer will remain open until October 17th. The company has set a price band of ₹1865 to ₹1960 per share. Retail investors will need to purchase a minimum of 7 shares, amounting to ₹13,720. Hyundai has also offered its employees a discount of ₹186 per share.

While the company’s performance in the grey market has been underwhelming, with a current premium of ₹65, it remains to be seen how the IPO will perform in the coming days.

**(This is not an investment recommendation. The stock market is subject to risks. Please consult with experts before making any investment decisions.)**

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