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Hyundai Motor India to hit capital market on October 15

09 Oct 2024 Evaluate

Hyundai Motor India is coming out with an initial public offering (IPO) to raise around Rs 27,870 crore. The issue will open on October 15, 2024 and will close on October 17, 2024. It has fixed a price band of Rs 1,865-1,960 per share. 

This development marks a significant milestone for the Indian industry, as it is the first automaker initial share-sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003. The company’s proposed IPO is entirely an Offer-for-Sale (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component. The company is diluting some of the stake through the OFS route. The company expects that the listing of the equity shares will enhance its visibility and brand image and provide liquidity and a public market for the shares.

Hyundai Motor India is a wholly owned subsidiary of the Hyundai Motor Company headquartered in South Korea. It is the second largest automobile manufacturer in India.


Hyundai Motor India Share Price

1840.35 18.00 (0.99%)
06-May-2026 16:59 View Price Chart
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