Tue Oct 15 04:21:00 UTC 2024: ## Hyundai Motor India IPO Opens Today, Experts Recommend Subscription

**Mumbai, October 15, 2024:** Hyundai Motor India’s much-anticipated Initial Public Offering (IPO) opens today, with the bidding period concluding on October 17th. The anchor investor portion of the issue opened yesterday, October 14th.

The IPO price has been fixed between ₹1865 to ₹1960 per share, with a minimum lot size of 7 shares. Hyundai Motor India employees will be eligible for a discount of ₹186 per share. The allotment of shares is expected on October 18th, with the listing on the BSE and NSE scheduled for October 22nd.

**Positive Outlook from Brokerages:** Most brokerage houses have recommended subscribing to the IPO, citing strong growth prospects, robust financials, and a successful SUV product range. ICICI Securities expects limited listing gains but predicts medium-to-long-term double-digit returns, highlighting the company’s potential in the passenger vehicle market.

**Strong Market Position and Export Ambitions:** Sharekhan emphasizes Hyundai’s strengthening market presence both domestically and internationally. Exports contribute 21% of the company’s total volume, with plans for expansion to South Asia, Latin America, Africa, and the Middle East.

**Competition and Potential Challenges:** While acknowledging the competitive landscape, especially with new product launches from rivals, analysts acknowledge the potential impact on profitability.

**SBI Securities’ Long-Term Recommendation:** SBI Securities also recommends subscribing to the IPO for the long-term, highlighting Hyundai’s brand strength, successful models, advanced technology, and strong export potential.

Investors are advised to consider their individual financial goals and risk tolerance before making investment decisions.

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