Hyundai Motor India’s initial public offering (IPO) has been approved by the Securities and Exchange Board of India (SEBI) in a historic move that might lead to the nation’s largest-ever public listing. With this IPO, the South Korean automaker’s Indian division hopes to raise a whopping $3 billion, with a target valuation of between $18 billion and $20 billion. October is when the IPO is expected to debut.
After Maruti Suzuki’s initial public offering (IPO) in 2003, this would be the first automobile company to go public in India in 20 years.
Hyundai Motor IPO Latest News Today
Two people with knowledge of the situation told Reuters that Hyundai Motor India has received approval for its initial public offering (IPO) from the Securities and Exchange Board of India (SEBI). The South Korean automaker, whose firm is valued at about $20 billion, is anticipated to raise $3 billion, according to people who previously spoke with Reuters.
Hyundai Motor IPO Details
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹[.] to ₹[.] Per Share |
| Issue Size: | Approx ₹25,000 Crores |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx 142,194,700 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
About the Company -Hyundai Motor
Hyundai Motor India Limited was established in May 1996 and is a member of the Hyundai Motor Group, which ranks third globally in terms of sales of passenger vehicles as an auto original equipment manufacturer (or “OEM”). Based on cutting-edge technology, the company produces and markets dependable, feature-rich, and creative four-wheeler passenger cars.
Additionally, the company produces engine and transmission parts. With 1,366 sales locations and 1,550 service locations throughout India, the company offers mobility solutions. By March 31, 2024, the business had sold around 12 million passenger cars both domestically in India and internationally.
The company produces and markets four-wheel drive passenger cars, including electric vehicles (EVs) and models such sedans, hatchbacks, SUVs, and sedans. Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5 are among the company’s vehicles.
