How to Apply for the Hyundai Motor IPO Through Zerodha

Are you ready to hit the road with Hyundai Motor’s upcoming IPO? If you’re looking to invest in one of the most anticipated public offerings of the year, you’re in the right place! In this guide, we’ll walk you through the entire process of applying for the Hyundai Motor IPO using Zerodha, one of India’s leading brokerage firms. Not only is the process simple, but it also allows you to utilize UPI as a payment gateway for seamless transactions. So buckle up, and let’s get started!

What is the Hyundai Motor IPO?

Before we dive into the application process, let’s quickly go over what the Hyundai Motor IPO is all about. This is a main-board IPO offering 142,194,700 equity shares with a face value of ₹10, aggregating up to a whopping ₹27,870.16 crores. The issue price is set between ₹1865 to ₹1960 per share, and the minimum order quantity is 7 shares. Mark your calendars: the IPO opens on October 15, 2024, and closes on October 17, 2024. Kfin Technologies Limited is the registrar for this IPO, and the shares will be listed on both the BSE and NSE.

Also Read: Hyundai Motor India IPO Review: Should You Apply?

Steps to Apply for the Hyundai Motor IPO through Zerodha

Applying for the Hyundai Motor IPO via Zerodha is a straightforward process. Here’s how you can do it step-by-step.

1. Create a UPI ID (One-Time)

Since Zerodha processes IPO applications through UPI, the first step is to ensure you have a UPI ID. If you don’t have one yet, you can create it using the BHIM UPI app or the mobile banking app of your bank, like ICICI or HDFC. This step is crucial as your UPI ID will facilitate seamless payments for your IPO application.

2. Log In to Zerodha Console

Now that you have your UPI ID, it’s time to apply for the IPO:

• Visit the Zerodha website and log into your Zerodha Console (the back office).
• Navigate to the Portfolio section and click on the IPOs link.

3. Select the Hyundai Motor IPO

In the IPO section, you’ll see a list of available IPOs:

• Locate the Hyundai Motor IPO row and click the Bid button.

4. Fill in the Application Form

Here’s where you’ll provide the necessary details:

• Enter your UPI ID, the quantity of shares you wish to apply for, and your price preference (within the issue price range).
• Once you’ve filled in all the details, click on Submit to send your IPO application.

5. Approve the UPI Mandate

After submitting your application, you’ll need to approve the UPI mandate:

• Within a few hours (usually by the end of the day), you’ll receive a mandate request on your UPI app (like BHIM or your banking app).
• Simply approve the standing instruction to complete your application process.

Also Read: What Lies Ahead for Hyundai Motor India? An In-Depth Look at Future Trends and Strategies

Zerodha IPO Timing

Remember, the IPO application window through Zerodha is open from 10 AM to 4:30 PM. You can apply or modify your IPO application anytime during this window while the IPO is open. If you need to cancel your application, you can do so between 12 PM and 4:30 PM on the day of the IPO.

Zerodha IPO Charges

Good news! Applying for an IPO through Zerodha is entirely free. They do not charge any fees for IPO applications, making it an economical choice for investors.

What Happens After You Apply for the IPO?

Once you’ve submitted your application, you might be wondering what comes next. Here’s a quick rundown:

1. Allotment: The IPO issuer will decide the allotment of shares based on demand. If you’re allotted shares, Zerodha will notify you. If not, your funds will be refunded to your bank account.
2. Payment and Delivery: If shares are allotted to you, the payment will be deducted from your linked bank account via UPI. The shares will be credited to your Demat account within a few days.
3. Trading: After the shares are credited, you can start trading them on the stock market.
4. Listing: The shares will be listed on the stock exchange. Keep an eye out; the listing price may differ from the issue price.
5. Holding or Selling: You have the option to hold your shares for potential value appreciation or sell them whenever you think the price is right.

Key Dates to Remember

• IPO Opens: October 15, 2024
• IPO Closes: October 17, 2024
• Allotment Finalization: October 18, 2024
• Shares Credited to Demat Account: October 21, 2024
• Tentative Listing Date: October 22, 2024

Conclusion

Investing in the Hyundai Motor IPO through Zerodha is not only easy but also a great opportunity to be part of a leading automotive brand’s growth story. With the application process being free and the convenience of UPI payments, there’s no reason to miss out. Just follow the steps outlined above, and you’ll be on your way to potentially securing shares in this exciting IPO. Happy investing!

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