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Hyundai Motor India Limited (Ticker: Pending) is a subsidiary of Hyundai Motor Group, manufactures and sells passenger vehicles and parts in India, including popular models like sedans, hatchbacks, SUVs, and electric vehicles (EVs).
The company is set to launch an IPO on October 22, 2024, listing on the Indian BSE and NSE. This IPO is an offer for sale of 142.19 million shares, priced between ₹1,865 and ₹1,960 per share, aiming to raise ₹27,870.16 crore (USD 3.32 billion). The offering is managed by Kotak Mahindra Capital, Citigroup Global Markets, HSBC, J.P. Morgan, and Morgan Stanley.