Hyundai Motor India is gearing up to launch its massive initial public offering (IPO) on October 15, aiming to raise ₹27,870.16 crore.
This will be the largest IPO in India’s history, surpassing the previous record set by LIC.
Hyundai Motor India, the second-largest passenger vehicle manufacturer in the country since FY09, will be offering 14.22 crore equity shares through an entirely offer-for-sale (OFS) mechanism by its parent company, Hyundai Motor Company.
With shares priced between ₹1,865 and ₹1,960, this IPO presents an exciting opportunity for investors to get in on a historic moment.
This IPO also marks a significant moment, as it’s the first by a car manufacturer in India since Maruti Suzuki’s IPO in 2003.
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