SEBI approves Hyundai Motor India’s Rs 25,000 crore IPO; launch likely in October? – IPO News

Hyundai Motor India’s plans to list is now a step closer with market regulator SEBI giving the greenlight for its IPO, according to media reports. In what is considered to be the biggest public issue in India, Hyundai India plans to raise Rs 25,000 crore or $3 billion through the issue. This puts Hyundai valuation around $20 billion. There are speculation that the company is planning an October listing.

As per reports available this Rs 25,000-crore IPO is likely to be an offer-for-sale (OFS) with total of 142,194,700 shares on offer. According to the company’s DRHP filed in June, it is not looking at any fresh issue component.

Also ReadHyundai Motor India files draft IPO papers with SEBI for record Rs 25,000 crore offer, surpassing LIC, the largest yet

Hyundai IPO to be the biggest

Hyundai India IPO will be the first major IPO by any passenger vehicle maker since Maruti Suzuki’s IPO in 2003. LIC, the largest public issue so far was worth Rs 21,008 crore. Paytm issue size was at Rs 18,300 crore and Coal India’s issue size was at Rs 15,199 crore.

A look at the largest IPOs by issue size so far

The 4 largest public issue so far.

Hyundai best sellers in FY25

Hyundai is the second largest passenger vehicle maker in India by market share though monthly vehicle sales have dipped below 50,000 mark for third consecutive month. So far it has sold 2,47,993 cars between April and August this year. The August sales for Hyundai stands at 49,525 vehicles. Some of the best sellers for Hyundai include Creta, Venue and Exter and the recent launches include the new Alcazar 2024 facelift and the 2024 Creta. Interestingly, the new Creta has been quite a stunner on the sales chart, clocking well past the 100,000 unit mark in just 6 months. The prominent upcoming cars from Hyundai include Hyudai Tuscon facelift in November and the electric variant of Creta in early January next year.

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