Suspense Crime Sach Ka Dam
Hyundai Motor India IPO: Investors across the country are eagerly waiting for the IPO of Hyundai Motor India. A very big update is coming regarding the IPO of Hyundai Motor India. Hyundai Motor India’s IPO may come on October 14. People associated with the matter gave this information on Thursday. Hyundai Motor India’s IPO can be of Rs 25,000 crore. If this automobile company brings an IPO of Rs 25,000 crore, then it will be the largest IPO in the history of the country. Earlier in the year 2022, LIC’s IPO came, which was an IPO of Rs 21,000 crore.
Hyundai Motor India filed IPO papers in June.
Hyundai Motor India Limited, the Indian subsidiary of South Korean automobile company Hyundai, applied to the Securities and Exchange Board of India (SEBI) in June for approval of IPO. SEBI approved Hyundai Motor India to bring IPO on 24 September. According to the IPO papers, this IPO is entirely based on OFS of 14,21,94,700 shares by the promoters of Hyundai Motor India. The company will not issue any new shares under this IPO. For the first time in two decades, after the listing of Japanese automobile manufacturing company Maruti Suzuki in 2003, an automobile manufacturing company is bringing its IPO.
The second largest selling car company after Maruti Suzuki
Sources had earlier said that the South Korean automobile manufacturing company is trying to raise at least $3 billion (about Rs 25,000 crore) through an IPO. Hyundai Motor India started operations in India in 1996 and currently sells 13 models in different segments. Let us tell you that Hyundai is the second largest-selling car in India after Maruti Suzuki. Tata Motors of India is in third place and Mahindra & Mahindra is in fourth place in terms of selling the most vehicles in India.
