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.
| Company Name | CMP |
|---|---|
| Tata MotorsPassenger | 358.00 |
| Maruti Suzuki | 13720.55 |
| Mahindra & Mahindra | 3300.00 |
| Hyundai Motor India | 1840.35 |
| Mercury Metals | 31.62 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: