SEBI has approved Hyundai Motor India's IPO, which will offer over 14 crore shares. The company is targeting a ₹25,000 crore valuation.
The IPO will be an Offer for Sale by Hyundai Motor Company, listing 17.50% of Hyundai Motor India’s equity post-IPO, without diluting company control.
Hyundai is the second-largest player in India’s passenger vehicle market, competing closely with Maruti Suzuki, underlining its strong foothold.
SEBI’s approval marks a significant milestone, indicating Hyundai Motor India’s readiness to move forward with its IPO plans for market listing.
Hyundai's IPO could surpass LIC’s $2.45 billion milestone, setting a new record in India’s stock market history.