Hyundai Motor India is set to make waves in the Indian financial market with the launch of a massive ₹25,000 crore IPO, marking the largest public offering in the country in over two decades. This monumental move is expected to pave the way for other multinational corporations to consider similar public offerings in India.
As the country’s second-largest car manufacturer, Hyundai is not only focused on maintaining its strong market presence but is also heavily investing in the future of mobility, particularly in the electric vehicle (EV) sector. With ambitious plans to ramp up its annual production to one million units by 2025, Hyundai is placing a strong emphasis on EVs, including developing the necessary charging infrastructure and battery pack assembly facilities.
The IPO will see a strategic allocation of shares: 50% reserved for Qualified Institutional Buyers (QIBs), 35% for Retail Individual Investors (RIIs), and 15% for Non-Institutional Investors (NIIs). Leading financial giants such as Kotak Mahindra, Citigroup, HSBC, JPMorgan, and Morgan Stanley are spearheading this significant IPO, which is expected to have a major impact on the Indian stock market and beyond.
This IPO is not just a financial event but a clear signal of Hyundai’s long-term commitment to the Indian market, especially as it shifts towards a more sustainable and innovative future.
