Hyundai IPO: Latest Updates and Insights
Hello friends! How are you all? Today we will talk about the Hyundai IPO, which has become a topic of discussion among people. Let’s see what the opening rate of this IPO might be, what the price band will be, and what the latest GMP (Grey Market Premium) is. We will also find out how much listing gain potential there is.
Tentative Opening Date
The market is speculating that the Hyundai IPO might open around October 14. This is just an estimate; it could open a few days later, around October 17 or 18. We can expect to see the opening date for this IPO in mid-October.
Shareholder Quota
Now let’s talk about whether you can see a shareholder quota in this IPO. To apply for the shareholder quota, you need to buy shares of the parent company of the company whose IPO is coming. Hyundai’s parent company is listed in South Korea. If there were a parent company in India, we might have seen a shareholder quota here.
Expected Price Band
The price band for this IPO is said to be above ₹20,00,000. According to market news, the price band is estimated to be around this range. Next, let’s discuss what the issue size of this IPO is expected to be. It is estimated that this could be India’s largest IPO, which might be around ₹25,00,000 crore.
Expected GMP
Now let’s talk about the expected GMP, or grey market premium. A week ago, its GMP was around ₹6,600, which has now dropped to about ₹185. This grey market is determined based on demand among local brokers.
Listing Gain Potential
Many of you may be wondering why the GMP is falling. While there should be good demand for this IPO, the large issue size means high chances of allotment, which may cause larger players to sell their applications in the grey market.
This does not mean that there aren’t chances for listing gains; there are indeed chances for listing gains. The decline in GMP might have another reason as well.
Valuation Comparison
Let’s discuss its valuation, comparing the Price to Earnings ratio (P/E Ratio) with its competitors. If Mahindra’s price band is around ₹10,00,000, its P/E ratio could range between 34-36.
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Conclusion
Friends, this was all the information so far about the Hyundai IPO. What do you think about this IPO? If you have any queries, feel free to ask in the comments section. If you found this information helpful, please like it!