The excitement around the Hyundai Motor IPO continues to build as investors keep a close eye on the Grey Market Premium (GMP), which has settled at ₹75 as of October 12, 2024, at 10:45 AM. With the IPO price band set at ₹1,960.00, this places the estimated listing price at ₹2,035, based on the cap price plus today’s GMP. This reflects a potential percentage gain of 3.83% per share, making it a noteworthy consideration for prospective investors.
Understanding the Current GMP Trend
Hyundai Motor’s IPO GMP has seen various fluctuations over the past few weeks. This latest figure of ₹75 signals a downward trend, particularly when you consider the last 16 sessions of grey market activities. The lowest GMP recorded during this period was ₹0, while the highest reached ₹570, showcasing the volatility inherent in the market.
Here’s a snapshot of how the GMP has evolved day by day:
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 11-10-2024 | ₹1,960.00 | ₹75 | 400/6000 | ₹2,035 (3.83%) | 11-Oct-2024 23:00 |
| 10-10-2024 | ₹1,960.00 | ₹132 | 700/10,500 | ₹2,092 (6.73%) | 10-Oct-2024 23:25 |
| 09-10-2024 | ₹1,960.00 | ₹175 | 900/13,500 | ₹2,135 (8.93%) | 09-Oct-2024 23:23 |
| 08-10-2024 | ₹1,960.00 | ₹147 | 800/12,000 | ₹2,107 (7.5%) | 08-Oct-2024 23:32 |
| 07-10-2024 | NA | ₹270 | — | ₹270 (%) | 07-Oct-2024 23:25 |
| 06-10-2024 | NA | ₹289 | — | ₹289 (%) | 06-Oct-2024 23:31 |
| 05-10-2024 | NA | ₹270 | — | ₹270 (%) | 05-Oct-2024 23:25 |
| 04-10-2024 | NA | ₹365 | — | ₹365 (%) | 04-Oct-2024 23:30 |
| 03-10-2024 | NA | ₹360 | — | ₹360 (%) | 03-Oct-2024 23:28 |
| 02-10-2024 | NA | ₹370 | — | ₹370 (%) | 02-Oct-2024 23:23 |
| 01-10-2024 | NA | ₹363 | — | ₹363 (%) | 01-Oct-2024 23:24 |
| 30-09-2024 | NA | ₹380 | — | ₹380 (%) | 30-Sep-2024 23:29 |
| 29-09-2024 | NA | ₹385 | — | ₹385 (%) | 29-Sep-2024 23:24 |
| 28-09-2024 | NA | ₹500 | — | ₹500 (%) | 28-Sep-2024 23:32 |
| 27-09-2024 | NA | ₹570 | — | ₹570 (%) | 27-Sep-2024 23:31 |
This downward movement in GMP, especially in the last few days, suggests that investor sentiment might be cooling off, which is something to keep in mind as the IPO approaches.
Key Dates for the Hyundai Motor IPO
If you’re considering applying for shares, here are the essential dates you need to know:
- IPO Open Date: October 15, 2024
- IPO Close Date: October 17, 2024
- Basis of Allotment Finalization: October 18, 2024
- Refund Initiation: October 21, 2024
- Credit of Shares to Demat Account: October 21, 2024
- IPO Listing Date: October 22, 2024
About Hyundai Motor India
Hyundai Motor India Limited (HMIL), a wholly-owned subsidiary of Hyundai Motor Company (HMC), has been a significant player in the Indian automobile market since its establishment in May 1996. With a robust network of 1,366 sales points and 1,550 service centers across India, HMIL offers a wide array of four-wheeler passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).
The company’s impressive lineup includes popular models such as the Grand i10 NIOS, i20, Venue, Verna, Creta, and the all-electric Ioniq 5. With its manufacturing plant located near Chennai, HMIL not only produces vehicles for the Indian market but also serves as a crucial global export hub for HMC. As of the end of calendar year 2023, HMIL contributed significantly to HMC’s global sales, reflecting an increase from 15.48% in CY2018 to 18.19% in CY2023.
Why Should You Stay Updated on the Hyundai Motor IPO GMP?
Understanding the dynamics of the GMP can help you make informed decisions. As the IPO date approaches, staying informed about daily changes in the GMP, as well as the expected listing price, can provide valuable insights into market sentiment and potential profitability.
To get more detailed insights, you can check out the following links:
- Hyundai Motor IPO Review: Should You Apply?
- How to Apply for the Hyundai Motor IPO Through Zerodha
- How to Check Hyundai Motor IPO Allotment Status Online
- What Lies Ahead for Hyundai Motor India?
Conclusion
As the Hyundai Motor IPO draws nearer, the latest GMP updates and market analyses will be crucial for investors looking to capitalize on this opportunity. Whether you’re a seasoned investor or new to the market, understanding these dynamics will equip you with the knowledge to make informed decisions. Stay tuned for more updates and insights as we approach the IPO launch!