Hyundai Motor India will file DRHP with Sebi for IPO within two weeks, marking the first automaker listing in India since Maruti Suzuki in 2003.
Post-DRHP filing, Hyundai will commence investor roadshows in India and overseas from next month.
Sebi may approve Hyundai's IPO in 60-90 days, with a potential market debut by September or October.
Citibank, Morgan Stanley, Kotak Mahindra, HSBC, and JPMorgan hired to manage Hyundai's IPO.
Hyundai aims for $22-28 billion valuation, planning to sell 15-20% stake, potentially impacting Indian auto sector.
Hyundai's SUVs, including Creta and Venue, made up 67% of sales in May, enhancing premium market positioning.