Hyundai Motor IPO: The much-awaited mainboard initial public offering (IPO) of leading auto major Hyundai Motor India Ltd will open for subscription in India’s primary market on Tuesday, October 15, 2024. Shares of the auto major will hit D-Street on October 22, 2024. The public issue will remain open for bidding for all investor groups until Thursday, October 17, 2024.
The IPO of the Indian subsidiary of South Korea’s Hyundai Motor Company is set to become the largest public issue in India, surpassing the Life Insurance Corporation’s (LIC) IPO worth ₹21,000 crore, which opened for bidding in May 2022. Hyundai Motor India IPO is also one of Asia’s biggest IPOs recently.
The upcoming IPO will be Hyundai’s first stock market listing outside South Korea. It will also mark India’s first carmaker to go public in over two decades since Maruti Suzuki India’s public issue in 2003. Hyundai Motor India is also the second largest carmaker by sales in India after Maruti Suzuki India.