Hyundai Motor India Limited public offering to open on October 15

Mumbai Mumbai. Hyundai Motor India Limited (the “Company”), a part of the Hyundai Motor Group, which is the third largest auto OEM in the world based on passenger vehicle sales in CY2023 as per CRISIL report, proposes to open its initial public offering of equity shares (the “Offer”) on Tuesday, October 15, 2024. The Anchor Investor Bid date is one working day prior to the Bid/Offer opening date, which is Monday, October 14, 2024. The Bid/Offer closing date is Thursday, October 17, 2024. The price band of the Offer has been fixed at ₹ 1,865 per Equity Share to ₹ 1,960 per Equity Share.

Bids can be made for a minimum of 7 Equity Shares and in multiples of 7 Equity Shares thereafter. The Company’s initial public offering comprises an offer for sale of up to 142,194,700 Equity Shares by Hyundai Motor Company (the “Promoter Selling Shareholder”). The Company will not receive any proceeds from this Offer (‘Offer Proceeds’). The Offer is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (‘SCRR’), read with Regulation 31 of the SEBI ICDR Regulations.

The Offer is being made through a book building process in accordance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the net Offer shall be available for allocation on a proportionate basis to qualified institutional buyers (“QIBs”) (the “QIB Portion”), provided that our Company, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors and the basis of such allocation shall be on a discretionary basis by our Company in consultation with the BRLMs in accordance with the SEBI ICDR Regulations (the “Anchor Investor Portion”), of which one third shall be reserved for domestic mutual funds.