Hyundai India to open $3 billion IPO at Rs 1,865-1,960 price band: Report

INSUBCONTINENT EXCLUSIVE:
Hyundai is India's second largest automaker after Maruti and is looking to reclaim market share from domestic rivals by expanding its SUV
lineup | (Photo: Shutterstock)2 min read Last Updated Oct 08 2024 | 2:40 PM IST Hyundai Motor India's IPO will open next week for
subscriptions and will likely be priced in the range of Rs 1,865 to 1,960 ($22 to $23) per share, sources said on Tuesday, valuing the
listing outside South Korea
In India, it will also mark the first carmaker to go public in two decades since Maruti Suzuki in 2003, and comes just after Indian stock
for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17, said three
IPO which will involve its South Korean parent selling up to 17.5 per cent of its stake in the wholly owned unit to retail and other
Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)First Published: Oct 08 2024 | 2:36 PMIST