Hyundai Motor India’s ₹25,000 Cr IPO Set to Rock D-Street on October 15 – 10 Key Details You Can’t Miss

Hyundai Motor India is set to launch its initial public offering (IPO) on Tuesday, October 15, 2024, according to the company’s red herring prospectus (RHP) released on Tuesday. This much-anticipated IPO will open for subscription to large institutional investors a day earlier, on October 14.

Though the exact issue price of Hyundai India’s IPO is not yet confirmed, this price represents the amount at which the company’s shares will first be sold to investors.

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The Hyundai Motors India IPO has generated a lot of excitement in the Indian market, especially since the IPO market has been very active recently. Hyundai Motor Company, based in South Korea, will sell shares worth about ₹25,000 crore in India through an Offer for Sale (OFS).

Hyundai Motor Group, which includes both Hyundai and Kia, is the world’s third-largest carmaker, having sold 7.3 million vehicles in 2023.

This will be Hyundai’s first stock market listing outside of South Korea, and it will also be the first time in 20 years that a carmaker has gone public in India since Maruti Suzuki.

Many companies are taking advantage of the booming Indian stock market, with several already seeing strong gains after going public. An IPO allows companies to raise funds by selling shares to the public for the first time.