Mon Oct 14 04:22:59 UTC 2024: ## Hyundai Motor India IPO to be India’s Largest, Opens for Subscription on October 15th

**MUMBAI, INDIA -** The Indian primary market is set to see another wave of activity with the highly anticipated Hyundai Motor India IPO set to open for subscription on October 15th. The IPO, expected to be India’s largest public offer in the auto sector, will close on October 17th.

Hyundai Motor India plans to raise ₹27,870 crore through the offer-for-sale (OFS) of 14.22 crore shares. The price band for the IPO has been fixed at ₹1,865 to ₹1,960 per share.

Besides Hyundai, two other SME IPOs – Lakshya Powertech and Freshara Agro Exports – will also open for subscription next week. Lakshya Powertech aims to raise ₹49.91 crore through a fresh issuance of 27.73 lakh shares, while Freshara Agro Exports seeks to raise ₹75.3 crore.

The week also sees the listing of three other companies: Garuda Construction and Engineering, Shiv Texchem, and Pranik Logistics. Garuda Construction and Engineering, which raised ₹264.1 crore through a book-building issue, will be listed on both the NSE and BSE. Shiv Texchem will be listed on the BSE SME platform, while Pranik Logistics will be listed on the NSE SME platform Emerge.

The upcoming IPOs come on the back of a strong year for the primary market, with companies raising over ₹61,000 crore through IPOs in the first nine months of 2024.

**Here’s a summary of the upcoming IPOs:**

**Opening for Subscription:**

* **Hyundai Motor India:** October 15th – 17th
* **Lakshya Powertech:** October 16th – 18th
* **Freshara Agro Exports:** October 17th – 21st

**Listing Dates:**

* **Hyundai Motor India:** October 22nd
* **Lakshya Powertech:** October 23rd
* **Freshara Agro Exports:** October 24th
* **Garuda Construction and Engineering:** October 15th
* **Shiv Texchem:** October 15th
* **Pranik Logistics:** October 17th

**Investors are advised to carefully read the offer documents before making any investment decisions.**

Read More