Hyundai Gears Up For Mega $3.3 Billion India IPO
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- Hyundai Motor Co. is planning a massive IPO for its India unit, aiming for a $19 billion valuation, potentially raising $3.3 billion12. The listing is set for October 22 in Mumbai, and it could become India's biggest-ever IPO, surpassing the Life Insurance Corp.'s 2022 record1. Hyundai Motor India Limited is expected to raise around $3 billion via an IPO at a targeted valuation between $18 billion to $20 billion2. The IPO is anticipated to open for investors in mid-October3.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Hyundai Motor Co. plans a massive IPO for its India unit, aiming for a $19 billion (approximately Rs1.58 lakh crore) valuation, potentially raising $3.3 billion. With a listing set for October 22 in Mumbai, it could become India's biggest-ever IPO, surpassing the Life Insurance Corp.'s 2022 record.www.etnownews.com/markets/hyundai-india-ipo-r…South Korean auto giant Hyundai Motor Co's Indian arm Hyundai Motor India Limited is gearing up to file draft papers shortly with market regulator Sebi to raise around $3bn via an initial public offer (IPO) at a targeted valuation between $18 bn to $20 bn, multiple sources in the know told Moneycontrol on the condition of anonymity.www.moneycontrol.com/news/business/ipo/hyunda…Hyundai is India's second largest carmaker by volume The much-anticipated initial public offering (IPO) of Hyundai Motor India, the largest in India’s history, is expected to open for investors in mid-October at an estimated valuation of $17.5 billion to $18 billion (around Rs 1.5 lakh crore), followed by a listing by the third week of October.www.autocarpro.in/news/hyundai-motor-india-ipo-t…
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