Hyundai Motor India IPO: Investors across the country are eagerly waiting for the IPO of Hyundai Motor India. A big update is coming regarding the IPO of Hyundai Motor India. Hyundai Motor India’s IPO may come on October 14. People associated with the case gave this information on Thursday. Hyundai Motor India’s IPO could be worth Rs 25,000 crore. If this automobile company brings an IPO of Rs 25,000 crore, it will be the biggest IPO in the history of the country. Earlier, LIC’s IPO came in the year 2022, which was an IPO of Rs 21,000 crore.
Hyundai Motor India had filed IPO papers in June.
Hyundai Motor India Limited, the Indian subsidiary of South Korean automobile company Hyundai, had applied for IPO approval with the Securities and Exchange Board of India (SEBI) in June. SEBI had given approval to Hyundai Motor India to launch IPO on 24 September. According to the IPO papers, this IPO is entirely based on OFS of 14,21,94,700 shares by the promoters of Hyundai Motor India. The company will not issue any new shares under this IPO. For the first time in two decades, after Japanese automobile manufacturing company Maruti Suzuki was listed in 2003, an automobile manufacturing company is launching its IPO.
The second largest selling company after Maruti Suzuki
Sources had earlier said that the South Korean automobile manufacturing company is trying to raise at least $ 3 billion (about Rs 25,000 crore) through IPO. Hyundai Motor India started operations in India in the year 1996 and currently sells 13 models across different segments. Let us tell you that Hyundai is at second place in India in terms of selling the highest number of vehicles after Maruti Suzuki. In terms of selling the maximum number of vehicles in India, India’s Tata Motors is at third place and Mahindra & Mahindra is at fourth place.
