Sebi gives green signal to Rs 25,000 cr IPO of Hyundai Motors; issue likely in October Hyundai Motors India’s IPO may come next month: Company will raise Rs 25,000 crore; This will be the biggest IPO in the country after LIC.

After getting approval from market regulator SEBI, Hyundai Motors India is preparing to launch the biggest ever initial public offering i.e. IPO in the Indian market. According to media reports, the company may launch IPO in October next month.

Hyundai had filed draft red herring prospectus (DRHP) with the Securities Exchange Board of India in June 2024 to launch an IPO. The company is considering raising about Rs 25,000 crore through IPO, for which the company will not issue a single new share. Existing investors and promoters of the company will sell their shares through Offer for Sale (OFS).

First IPO of an automaker company in India in 20 years

This IPO will be the first initial public offering of an automaker company in India in 20 years. Earlier, Maruti Suzuki’s IPO came in 2003. Hyundai is the second largest carmaker in the country after Maruti Suzuki India.

This will be the biggest IPO in the country after LIC.

Hyundai India’s IPO will be worth around Rs 25 thousand crore. If this happens, it will be the biggest IPO in the country so far. In 2022, the government sold its 3.5% stake in LIC. For this, an IPO worth about Rs 21 thousand crores was brought.

Hyundai Motor India will be the fourth largest listed auto company

If Hyundai Motor is listed in the India stock market, it will be the fourth largest automobile company after Maruti-Suzuki, Tata Motors, Mahindra & Mahindra. Hyundai Motor India is the second largest car company in the country after Maruti.