Hyundai Motor India’s ₹25,000 Crore IPO Set to Surpass LIC as India’s Largest Public Issue

Hyundai Motor India is gearing up for its landmark ₹25,000 crore Initial Public Offering (IPO), poised to be the largest public issue in Indian corporate history.

With the approval from the Securities and Exchange Board of India (SEBI), Hyundai Motor India is set to make its market debut, surpassing the previous record held by Life Insurance Corporation (LIC) in 2022.

SEBI Approval for Hyundai Motor India IPO

Hyundai Motor India’s proposed ₹25,000 crore IPO has officially received the green light from SEBI. This approval paves the way for what is expected to be the largest IPO in India, surpassing LIC’s record-breaking ₹21,000 crore public issue in 2022.

Market Debut Expected in October

The Hyundai Motor India IPO is expected to launch in October 2024. If market conditions remain favourable, it will surpass LIC’s ₹21,000 crore IPO, India’s largest public issue at the time, to become a historic milestone in the Indian equity market.

Hyundai Motor India: Company Profile

Hyundai Motor India is the second-largest car manufacturer in the country, offering a wide range of vehicles that cater to various customer segments. It also has a strong presence in the export market, supplying vehicles to several countries globally.

Global Contribution to Hyundai Motor Co

Hyundai Motor India has played a crucial role in contributing to the global sales of Hyundai Motor Co. Its share of the company’s global sales volume has steadily increased, rising from 15.48% in 2018 to 18.19% in 2023, marking India as a key market for the automobile giant.

Impact of IPO on Hyundai’s Market Position

The success of this IPO is expected to enhance Hyundai Motor India’s brand visibility and solidify its dominance in the Indian automotive sector. The massive public offering will likely attract significant investor attention, reinforcing Hyundai’s strong market position.

Hyundai IPO Grey Market Premium (GMP) Update

• GMP Activated: The grey market for Hyundai’s IPO has already seen active participation.
• Application Rates: Current application rates for different categories include:
  • Big HNI (bHNI): ₹17,500
  • Small HNI (sHNI): ₹6,000
  • Retail Investors: ₹2,100
• Latest GMP: The latest grey market premium for Hyundai Motor India’s IPO stands at ₹900.
• Updated Application Rates:
  • bHNI: ₹29,000

As Hyundai Motor India gears up for its historic ₹25,000 crore IPO in October, the company is set to break records and make its mark as India’s largest public issue.

With strong market fundamentals, solid global contributions, and a robust grey market premium, this IPO is expected to draw immense interest from investors across the board.

Tags: Hyundai Motor India IPO, SEBI approval, Hyundai IPO grey market premium, largest Indian IPO, October 2024 IPO, Hyundai Motor Co global contribution, LIC IPO record, automotive sector IPOs, Hyundai IPO GMP update