October 9, 2024
New Delhi, India
Hyundai Motor IPO
Hyundai Motor India is set to launch its $3 billion IPO on October 14, 2024, with shares priced between ₹1,865 and ₹1,960 per share. This IPO, the largest in India this year, values the automaker at up to $19 billion.
Key Dates and Details:
- Institutional Investors: Subscription opens on October 14.
- Retail and Other Investors: Bids invited from October 15-17.
- Listing Date: Shares are expected to start trading on October 22.
Offer for Sale (OFS):
Hyundai Motor India’s IPO will be a pure offer for sale (OFS), with its South Korean parent selling 17.5% of its stake in the company. No new shares will be issued.
This IPO marks the first public listing of an Indian car manufacturer in two decades, following Maruti Suzuki’s IPO in 2003.
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