DennisM2
According to sources from the agency, Hyundai Motor India has established a price bracket of 1,865 to 1,960 rupees ($22 to $23). Bloomberg notes that the company intends to sell 142.2 million shares, representing 17.5% of the total. The valuation of Hyundai Motor India will reach $19 billion at IPO if it is at the highest level of the price range, according to the agency.
The company’s prospectus states that the IPO for Hyundai Motor India will accept orders from October 15 to 17, and trading on the stock exchange will start on October 22. Investors will be offered current shares, with the parent company receiving the funds.
According to Bloomberg, Hyundai Motor India's IPO will surpass the record set by Life Insurance Corp. of India. Its initial public offering in 2022 generated $2.7 billion. Additionally, the agency highlights that Hyundai's upcoming listing in India could be among the biggest in Asian markets in recent times.
Bloomberg reports that over 250 IPOs have taken place since the start of 2024in India, resulting in companies collectively raising over $9 billion.
source: bloomberg.com
The company’s prospectus states that the IPO for Hyundai Motor India will accept orders from October 15 to 17, and trading on the stock exchange will start on October 22. Investors will be offered current shares, with the parent company receiving the funds.
According to Bloomberg, Hyundai Motor India's IPO will surpass the record set by Life Insurance Corp. of India. Its initial public offering in 2022 generated $2.7 billion. Additionally, the agency highlights that Hyundai's upcoming listing in India could be among the biggest in Asian markets in recent times.
Bloomberg reports that over 250 IPOs have taken place since the start of 2024in India, resulting in companies collectively raising over $9 billion.
source: bloomberg.com
