Hyundai Motor is poised to sell 142.2 million shares it holds in Hyundai Motor India as part of a significant initial public offering (IPO) that is expected to raise around $3 billion. This marks a pivotal moment for the company, as it represents the first IPO for a car manufacturer in India since Maruti Suzuki’s debut in 2003(
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The IPO is scheduled to open for institutional investors on October 14, with a public subscription period running from October 15 to 17. Hyundai plans to price the shares between ₹1,865 and ₹1,960 (approximately $22 to $23), which could value the company at up to $19 billion(
HT Auto)(
Business News). This move highlights Hyundai’s strategy to enhance its presence in the Indian market, where it ranks as the second-largest automaker, trailing only Maruti Suzuki(
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The offering will involve an “offer for sale” mechanism, enabling Hyundai Motor to offload about 17.5% of its stake in the Indian subsidiary. After the IPO, Hyundai Motor will retain an 82.5% ownership in Hyundai Motor India(
HT Auto). The proceeds from this IPO will not only facilitate the expansion of its SUV lineup but will also support plans to launch its first India-made electric vehicle in 2025(
Hyundai’s decision to enter the Indian public market comes at a time when the stock market is witnessing significant activity, including record highs and numerous new listings(
Business News). The company’s strategic plan aims to reclaim market share from domestic rivals amid a highly competitive automotive landscape. As part of its growth strategy, Hyundai is also preparing to introduce at least two gasoline-powered models specifically designed for the Indian market, expected to launch in 2026(
This IPO not only signals Hyundai’s confidence in the potential of the Indian automotive sector but also reflects the growing trend of foreign companies seeking to strengthen their foothold in the Indian market through public offerings. The move is anticipated to attract both institutional and retail investors, providing an opportunity to invest in one of the country’s key automotive players(
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As Hyundai prepares for this landmark IPO, it aims to capitalize on its brand strength and commitment to innovation in the evolving Indian market. The company’s focus on expanding its electric vehicle offerings aligns with global trends towards sustainable transportation and clean energy solutions(
HT Auto)(
Investors and market analysts are keenly observing Hyundai Motor India’s IPO, viewing it as a litmus test for the appetite of public investors for automotive stocks in India. The successful execution of this IPO could pave the way for more companies in the sector to consider similar routes for capital generation(
For further details, you can explore more from sources like (
Business News)ps://(
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