Hyundai IPO Date 2024: All You Need to Know
Hyundai Motor India is gearing up for India’s largest IPO, as it receives the green light from the Securities and Exchange Board of India (SEBI) for a ₹25,000 crore public issue. The automaker is set to raise $3 billion with a company valuation of $20 billion, making it the first automaker in India to file an IPO since Maruti Suzuki in 2003.
Hyundai IPO Date 2024: Hyundai Motor Gets SEBI Green Light for ₹25,000 Crore Issue
This highly anticipated IPO aims to strengthen Hyundai’s visibility and brand in India while providing liquidity and public market access to its shares. As the second-largest carmaker in the country, after Maruti Suzuki, Hyundai has already invested $5 billion in its two manufacturing units. The company plans to invest an additional $4 billion over the next decade to further cement its foothold in India’s booming automotive market.
Hyundai’s IPO is not just set to be the biggest in India but also underscores the brand’s growing importance, with India being its third-largest revenue market after South Korea and the UK.
