Hyundai Motors India is set to launch the largest IPO in India’s history, aiming to raise $3 billion (₹25,000 crore).
– Offer-for-Sale (OFS): Hyundai Motor Company will sell shares through the IPO.
– Objective: No new share issuance—goal is to boost liquidity and brand visibility in the Indian market.
Structure of the IPO
– Growth Focus: The funds will help Hyundai expand in India’s SUV and electric vehicle market.– Market Share: Hyundai is the 2nd largest carmaker in India with a stable 15-17% market share.
Hyundai’s Market Strategy
Major Players in the IPO
– Lead Managers: Citi, HSBC, JP Morgan, Kotak Mahindra, and Morgan Stanley.– Legal Advisors: Shardul Amarchand Mangaldas and Cyril Amarchand Mangaldas.
Market Impact & Expectations
Strategic Move: Hyundai’s IPO is a step to compete with rivals like Tata Motors and Maruti Suzuki.
– Electric Future: A locally produced EV is set to launch next year, enhancing Hyundai’s EV portfolio.