Hyundai Motor IPO: What we know so far about issue which may be India’s biggest - Hindustan Times
close_game
close_game

Hyundai Motor IPO: What we know so far about issue which may be India’s biggest

By | Edited by Mallika Soni
May 27, 2024 10:15 AM IST

Hyundai Motor IPO: The company has picked investment banks Kotak Mahindra Capital and Morgan Stanley as its advisors.

Hyundai Motor IPO: Hyundai Motor Co reportedly picked advisors for initial public offering of its arm Hyundai Motor India Limited. In addition to Citi, JP Morgan and HSBC Securities, the company has picked investment banks Kotak Mahindra Capital and Morgan Stanley as its advisors, Moneycontrol reported citing people in the know. The company aims to file draft red herring prospectus (DRHP) for the Hyundai Motor India IPO with markets regulator Securities & Exchange Board of India (SEBI) by June-end or by July, the report claimed.

Hyundai Motor IPO: The company aims to file draft red herring prospectus (DRHP) for the Hyundai Motor India IPO with markets regulator Securities & Exchange Board of India (SEBI) by June-end or by July.(File Photo)
Hyundai Motor IPO: The company aims to file draft red herring prospectus (DRHP) for the Hyundai Motor India IPO with markets regulator Securities & Exchange Board of India (SEBI) by June-end or by July.(File Photo)

Read more: Vilas Transcore IPO opens today: Price band set at 139-147 per share. Details

What we know about Hyundai Motor IPO so far

Now catch your favourite game on Crickit. Anytime Anywhere. Find out how
  1. Hyundai Motor India IPO could be purely an OFS (offer for sale) by the parent company.
  2. The issue could be India’s largest IPO as the company plans to raise between $2.5 billion to $3 billion via the issue. Read more: Tim Cook to pick OpenAI or Google? Which way will Apple go for AI partnership
  3. The IPO may value the Indian arm at around $20 billion and the OFS figure as part of discussions currently is 15% which hasn’t been frozen yet.
  4. So far, valuation and IPO size haven’t been finalized and it may vary depending on the company strategy and market conditions, Moneycontrol reported.
  5. Currently, Life Insurance Corporation of India (LIC) IPO is the largest IPO in India which raised $2.7 billion in May 2022. Read more: Google AI Overview says Barack Obama is Muslim, Sundar Pichai slammed: ‘No sense’
  6. In terms of passenger sales volumes in FY24, Hyundai Motor India is India’s second largest carmaker after Maruti Suzuki.
  7. Hyundai Motor India recorded a revenue of 60,000 crore with profit of 4,653 crore in FY23. This is highest amongst the non-listed car manufacturers in the country, the company said.

Elevate your career with VIT’s MBA programme that has been designed by its acclaimed faculty & stands out as a beacon for working professionals. Explore now!

See more

Get latest updates on Petrol Price along with Gold Rate , Today Weather and Budget 2024 at Hindustan Times.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, June 21, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On