Planning to invest in Hyundai Motor India IPO? Here’s how Paytm, LIC, Reliance Power, other big IPOs have fared
Hyundai Motor India is set to launch its highly anticipated initial public offering (IPO) worth ₹27,870.16 crore on Tuesday, October 15. This IPO will be India’s largest to date, surpassing the previous record held by Life Insurance Corporation of India (LIC).
Since FY09, Hyundai Motor India has maintained its position as the second-largest passenger vehicle manufacturer in the country. The Hyundai Motor India IPO is entirely an offer for sale (OFS) of 14.22 crore equity shares by its South Korean parent, Hyundai Motor Company. The price band for the shares has been set between ₹1,865 and ₹1,960.
