Wed Oct 09 00:31:33 UTC 2024: ## Hyundai Motor India IPO to be Asia’s Largest: A Look at the Key Details

**New Delhi, October 10, 2024:** Hyundai Motor India is set to make history with its highly anticipated initial public offering (IPO) opening for subscription on Tuesday, October 15th. This landmark event will see the Indian subsidiary of South Korea’s Hyundai Motor Company become the largest public issue in India, surpassing even the ₹21,000 crore LIC IPO.

The IPO marks Hyundai’s first stock market listing outside South Korea, making it the first Indian carmaker to go public in over two decades, since Maruti Suzuki India’s IPO in 2003. This move is expected to further solidify Hyundai Motor India’s position as the second largest carmaker in India, trailing only Maruti Suzuki.

**Key Details:**

* **IPO dates:** October 15th (opens) – October 17th (closes)
* **Price band:** ₹1,865 to ₹1,960 per share (tentative)
* **Total funds raised:** Expected to be around ₹27,000 crore, making it one of Asia’s largest IPOs in recent years.
* **Offer for sale (OFS):** Hyundai Motor Company will sell up to 14.22 crore shares, representing a 17.5% stake in its wholly owned unit.
* **Lot size:** Minimum investment of ₹13,720 for seven shares.
* **Reservation:** 50% reserved for qualified institutional buyers, 15% for non-institutional investors, and 35% for retail investors.
* **Objectives:** Expand Hyundai’s SUV lineup, launch its first India-made electric vehicle (EV) early next year, and introduce gasoline-powered models tailored to the Indian market.

**Potential Growth:**

Market experts believe Hyundai’s IPO holds significant value growth potential, particularly in the developing Indian auto market. The company’s strong financial performance, evidenced by a 23.48% return on net worth in FY23, makes it an attractive investment option.

**Key Risks:**

* Dependence on a limited number of suppliers for parts and materials could disrupt operations.
* Reliance on Hyundai Motor Company for key aspects of its business.

**Competition:**

Hyundai’s listed peers include Maruti Suzuki India, Tata Motors Ltd, and Mahindra & Mahindra (M&M). The IPO will allow investors to participate in Hyundai’s growth potential within the robust Indian auto market.

**Conclusion:**

Hyundai Motor India’s IPO is a highly anticipated event with the potential to redefine the Indian stock market landscape. The company’s strong track record, expansion plans, and strategic positioning within the growing Indian auto sector make it a compelling investment opportunity for both domestic and international investors.

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