How to Check Hyundai Motor IPO Allotment Status Online

Excitement is in the air as the Hyundai Motor IPO draws closer! As investors prepare to participate in this significant public offering, knowing how to check your allotment status is crucial. After all, you want to ensure that your application has been successful and that you’re on your way to owning shares in one of the most renowned automotive brands in the world. In this blog, we’ll guide you through the entire process of checking your Hyundai Motor IPO allotment status online, so you can stay informed and ready for the next steps.

Hyundai Motor India IPO Details

Before diving into the allotment status, let’s quickly recap the key details of the Hyundai Motor IPO:

• Bidding Dates: October 15, 2024 – October 17, 2024
• Minimum Investment: ₹13,055
• Lot Size: 7 shares
• Price Range: ₹1,865 – ₹1,960
• Issue Size: ₹27,870.16 crores

With this information in mind, you can better understand the context of your application and its potential outcomes.

Also Read: What Lies Ahead for Hyundai Motor India?

When to Check Hyundai Motor IPO Allotment Status?

The allotment status for the Hyundai Motor IPO is expected to be available on October 18, 2024. This is the date when you can find out whether you’ve been allotted shares or not. Now, let’s move on to the steps you need to follow to check your allotment status online.

Steps to Check Hyundai Motor IPO Allotment Status

Check Hyundai Motor IPO Allotment Status is simple and can be done online in just a few steps. Here’s how:

1. Visit the KFin Technologies IPO Allotment Status Page:
   Click here to access the KFin Technologies allotment status page.
2. Select Company Name:
   In the dropdown menu, select Hyundai Motor from the list of companies.
3. Enter Your Details:
   You can check your allotment status by entering any one of the following:

• Your PAN Number
• Your Application Number
• Your DP Client ID

1. Click on Search:
   Once you’ve entered the required information, click on the Search button.
2. View Your Allotment Status:
   If you have secured an allotment, you will see the details indicating how many shares have been credited to your Demat account. If the Search button is disabled, it means the allotment status is not yet available.

Also Read: Hyundai Motor India IPO Review

What If You Have Questions?

If you have any concerns or queries about your allotment status, you can reach out to KFin Technologies Limited. They offer assistance via phone at 040-67162222 or 040-79611000. Alternatively, you can send them an email with all relevant details to hmil.ipo@kfintech.com.

For additional support, you can also contact Bigshare Services Pvt Ltd by calling +91-22-6263 8200 or emailing kfintechipo@bigshareonline.com.

Sample Allotment Result

When you check your allotment status, you might see results formatted like this:

PAN No.: AHMLK1898J
Application No.: RL041213805307
Name: Mr. Rajveer Singh
Shares Applied: 40
Shares Allotted: 40

Why Might You Not Receive Allotment?

If you don’t receive an allotment, several factors could be at play:

• Oversubscription: If the IPO was oversubscribed, allotments might be done through a lottery system.
• Rejection of Application: Your application could be rejected due to incomplete or mismatched information.
• Bid Price: If your bid price was lower than the issue price, your application may not have been considered. It’s always advisable to apply at the cut-off price.

Key Dates to Remember

• Allotment Status Available: October 18, 2024
• Expected Listing Date: October 22, 2024

Next Steps After Checking Allotment Status

If You’re Allotted Shares

Congratulations! Here’s what to expect next:

• Share Crediting: The shares will be credited to your Demat account a few days after the allotment announcement.
• Market Listing: The shares will begin trading on the stock exchange on the listing day, allowing you to buy or sell them.
• Price Movement: Monitor the share price post-listing as it may fluctuate based on market demand.

If You’re Not Allotted Shares

If you didn’t receive an allotment:

• Refund Process: Your funds will be refunded to your linked bank account, usually within a few days of the allotment announcement.

Additional Considerations

• Lock-in Period: Some IPOs may have a lock-in period, meaning you can’t sell the shares for a certain time after allotment.
• Listing Price Variability: The listing price may differ from the issue price due to various market factors.
• Market Risks: Investing in stocks involves risks. The value of your investment may fluctuate, so it’s always wise to consult a financial advisor before making decisions.

Conclusion

Checking your Hyundai Motor IPO allotment status is an essential part of the investment process. By following the steps outlined above, you can easily find out whether you’ve secured shares in this exciting IPO. Remember, whether you receive an allotment or not, the world of investing is full of opportunities, and staying informed is key to navigating it successfully. Happy investing!

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