Hyundai Motor India IPO Details, Hyundai Motor India IPO Shareholder Quota | For the first time in 20 years, an automaker company is going to launch an IPO in India. And that too, the biggest IPO in the history of SEBI.
You must be aware of the name of this company, which is Hyundai which is at second position in terms of selling maximum number of cars in India. Hyundai has become the company to launch the largest IPO after LIC, whose IPO size is Rs 25,000 crore. Which is Rs 4 thousand crore more than LIC.
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Hyundai Motor India IPO Details
The interesting thing is that the company is not issuing any new shares to raise so much money but is selling shares through its existing investors and OFS. As we told earlier, Hyundai is the first automaker to launch an IPO in 20 years. 20 years ago, in 2003, Maruti Suzuki launched its IPO, when the price of one share was Rs 173, which is today Rs 12,774.
However, this does not mean that currently only two automakers are listed in the Indian stock market. Apart from Maruti Suzuki, Mahindra and Tata Motors are also listed companies for a long time and Hyundai is going to become the fourth listed company.
Hyundai Motor India is the country’s largest car manufacturing company after Maruti Suzuki, which holds 15 percent market share in the Indian auto market. The market cap of this company is 3. 862 trillion rupees which is the 435th most valuable company in the whole world. It is only a little behind Maruti Suzuki.
Hyundai entered India in 1996, actually its origin is Japan. Currently, Hyundai sells 13 of its car models in India and the company has 1366 sales and 1549 service centers. If seen, investors would like to take Hyundai’s IPO at any cost. Because shares of automakers have always given huge profits.
Hyundai Motor India IPO Date
Now let’s talk about when Hyundai IPO will be launched, it is being said that Hyundai will launch its IPO in the middle of October next month, but no date has been fixed yet nor have any details regarding the lot size been revealed.
Only the issue size is known which is Rs 25 thousand crore and it is India’s largest IPO. By the way, have you invested in any car manufacturing company and what is the highest profit given so far? Do tell us in the comments.