Mon Oct 07 13:13:00 UTC 2024: ## Hyundai India and Swiggy Get Green Light for IPOs:

**Mumbai, India:** The Indian stock market saw a flurry of activity this week as the Securities and Exchange Board of India (SEBI) gave the green light to two major Initial Public Offerings (IPOs).

Hyundai India, the automotive giant, is set to launch the country’s largest public issue, while food delivery platform Swiggy is also gearing up for its own IPO. These approvals are a positive sign for India’s capital markets, signaling investor confidence and potential for growth.

**Hyundai’s IPO** is likely to be highly anticipated given the company’s strong brand recognition and presence in the Indian market. The company’s public offering will allow investors to participate in its continued growth and expansion plans.

**Swiggy’s IPO** will be another major milestone for the food delivery platform. The company has experienced rapid growth in recent years and is well-positioned to capitalize on the increasing demand for online food ordering.

This news comes amidst a volatile market, with the Sensex erasing 1770 points in a single day. However, investors remain optimistic, with IT and PSU bank stocks performing well.

**Further developments:** The IPOs from Hyundai India and Swiggy are expected to generate significant investor interest and offer new opportunities for diversification and growth. Stay tuned to ET Now for further updates on these IPOs and the latest market news.

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