Hyundai Motor India is set to launch its Initial Public Offering (IPO) next week, marking a significant milestone for the company. This IPO is notable as it will be the first listing by Hyundai Motor Company outside South Korea. Additionally, it will be India’s first IPO from a car manufacturer in over two decades, since 2003. The move has generated considerable excitement in both the automotive and financial sectors, as it opens up investment opportunities in one of the country’s leading carmakers.
The IPO aims to raise $3 billion through the offering, with shares priced in a range of Rs 1,865 to Rs 1,960 per share, which is approximately $22 to $23. This price range reflects the growing market confidence in Hyundai Motor India, valuing the company at up to $19 billion. The IPO is expected to be one of the largest public offerings in the Indian market in recent years, signaling Hyundai’s commitment to expanding its influence in the country.
Hyundai Motor India is currently the second-largest carmaker in the country, holding a significant market share with popular models like the Creta, Venue, and the i20. Over the years, the company has cemented its presence by focusing on innovation, technology, and affordability, making it a trusted brand among Indian consumers. The funds raised through this IPO will likely be used to expand its operations, improve manufacturing capacity, and invest in electric vehicle development in line with the global shift towards sustainability.
This IPO is also part of Hyundai’s broader global strategy to enhance its financial standing and leverage India’s fast-growing automotive market. India, as one of the world’s largest car markets, plays a pivotal role in Hyundai’s international business, contributing significantly to its global sales. Hyundai has also been investing heavily in research and development in India, focusing on greener technologies and smarter mobility solutions.
With the Indian automotive industry witnessing rapid growth and transformation, Hyundai’s public offering is seen as a strategic move to tap into the burgeoning investor interest in the sector. The IPO will give Indian and global investors the chance to be part of Hyundai’s long-term growth story as the company gears up to strengthen its leadership position in the country’s competitive car market.
