Get ready for India’s largest-ever IPO! Hyundai Motor India’s ₹27,870 crore IPO will open for subscription from October 15-17, 2024.
At 6:30 AM, GIFT Nifty Futures were trading about 49 points lower at 25,069, suggesting a negative start for Indian markets.
Shares of Garuda Construction and Engineering ended with a 12.5 per cent gain on Tuesday
Experts attribute this phenomenon to large IPOs absorbing market liquidity, subsequently weighing on the overall market performance
Today, the Election Commission of India announced the schedule for assembly elections in Maharashtra and Jharkhand.
Over 260 companies in India have raised more than $9 billion through IPOs so far this year, according to LSEG data. That's already higher than the $7.42 billion raised during the same period last year
42.4 mn shares allotted to 225 funds at Rs 1,960 apiece
Hyundai Motor IPO will open on Tuesday, October 15. Ahead of the IPO Mirae Asset has listed some key risks
The carmaker's short-term gains may stall in neutral over high valuations
IPO-bound Hyundai India plans to invest in boosting production capacity, developing new products and platforms, and launching new models
Baillie Gifford and FMR are also looking to participate in the record-breaking offering in Mumbai, the people said, asking not to be identified as the information isn't public
The upcoming Rs 27,870 crore initial public offering of the Indian arm of South Korean automaker Hyundai, the first such instance of the company listing its subsidiary in an overseas market, is aimed to further Indianise operations, a senior company official said on Friday. Hyundai Motor India Ltd's initial public offering (IPO), the largest in the country's history, will open for public subscription on October 15 and conclude on October 17. Anchor investors will bid on October 14. "We have been in India now for more than 26 years. We have a very high market share. We are at number two position in India in the passenger vehicle space. We have got so much love and affection from the people of India. So we believe this is the right time to take one step forward and even further Indianise our operations," Hyundai Motor India Ltd (HMIL) COO Tarun Garg told PTI. He further said," The whole aim is to really become the most trusted brand of India." Garg was responding to a query behind
Unsoo Kim, president, CEO and MD, Wangdo Hur, executive director and CFO, and Tarun Garg, whole time director and COO of Hyundai Motor India outline their plans
The IPO, which will be India's biggest ever, opens to investors next week and will involve the South Korean parent company selling up to a 17.5 per cent stake in its Indian division
Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state
Hyundai Motor India IPO: Size, price band, lot size, key dates, GMP, objectives, and more - Everything you need to know about India's largest initial public offering
The $3 billion IPO will open for subscriptions for big institutional investors on Oct 14, and invite bids from retail and other categories during Oct 15-17
IPO pipeline for the remaining part of CY24 remains strong. 25 companies plan to raise nearly Rs 63,550 crore and have Sebi's approval
India is the third-biggest revenue generator globally for Hyundai after the U.S. and South Korea
As car demand slows in India, dealer stock levels across the entire industry have surged to alarming heights. Garg, however, indicated that the situation is under control at HMIL