Hyundai Motor Company Will List In Indian Stock Market: Korean Company’s IPO Worth Rs 46 Thousand Crores Will Come
Hyundai Motor Company Will List In Indian Stock Market: Hyundai Motor India was founded 6 May 1996. The Indian stock exchange will list the firm after 28 years. HMIL was India’s second-largest passenger car manufacturer last year behind Maruti Suzuki.
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Hyundai Motor Company Will List In Indian Stock Market
On Diwali, money will pour in. Yes, Hyundai Motors, the second-biggest automaker in the nation, will soon launch its initial public offering (IPO) on the stock market. who’s estimated worth is more than Rs 46 thousand crore.
The Indian division of South Korean automaker Hyundai Motor Company, Hyundai Motor India (HMIL), is expected to make its initial public offering (IPO) in November of this year, coinciding with Diwali, according to an ET article. Thus yet, the corporation has not released an official comment. The founding date of Hyundai Motor India was May 6, 1996. This indicates that, after 28 years, the business will be placed on the public market. After Maruti Suzuki India, HMIL was the second-largest passenger car manufacturer in India last year.
How Much Would The IPO Cost ?
The best investment banks in the world are vying for a possible Hyundai India IPO. Last week in Seoul, Hyundai received presentations on financial services from representatives of Goldman Sachs, Citi, Morgan Stanley, JPMorgan, Bank of America, HSBC, Deutsche Bank, and UBS.
Bankers estimate the company’s potential market value to be between Rs 1.82-2.32 lakh crore, or $22-28 billion. According to ET, Hyundai is looking at dilution of between 15 and 20 percent in order to raise between Rs. 27,390 crore and Rs. 46,480 crore, or Rs. 3.3 to 5.6 billion. Prior to this, the value of LIC’s IPO was Rs 21,000 crores. This is now the largest initial public offering. Hyundai’s initial public offering (IPO) is expected to surpass LIC in size.
The Largest Corporation Is Tata Motors
With a value of Rs 3,32,909.88 crore, Maruti Suzuki is now the biggest automobile manufacturer in the nation. Tata Motors is valued at Rs 3,12,497.16 crore, in contrast. The value of Hyundai would increase to Rs 2.32 lakh crore if it is listed on the market. Currently, Mahindra & Mahindra is valued at around Rs 2.12 lakh crore. What Mahindra & Mahindra’s November value will be is a matter for speculation alone.
How Is The Stock Market Doing ?
In terms of the stock market, there has been an increase of 161 points so far. The Sensex is trading higher than 72,000 points. As of 11.25 am, the BSE data indicates that the Sensex is trading at 72,247.16 points. achieved 72,385.93 points as a peak. Conversely, the National Stock Exchange Nifty’s main index is up 58.20 points, trading at 21,912 points. On the NSE, UPL shares are down more than 8%. The share price of Bharti Airtel has dropped by 3%.
Hyundai Motor India may launch India's largest IPO ever this Diwali, reports @1997_raghav #Hyundai #HyundaiMotors #IPO #Diwali https://t.co/psPiAtx160
— Business Standard (@bsindia) February 5, 2024
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