Hyundai will launch an opi of $ 3 billion in India next week with 1,865-1,960 rupees per share

Hyundai Motor India is preparing to launch its highly anticipated IPO, opening subscriptions next week. The offer is expected to have a price between 1,865 and 1,960 rupees (approximately $ 22 to $ 23) per share, which would value the company by up to $ 19 billion. This IPO marks a significant milestone, since it becomes the largest offer of shares in India this year.

Historic list in India

This OPI will be Hyundai’s first public list outside of South Korea and will make it the first car manufacturer to make India public in two decades, after the debut of Maruti Suzuki in 2003. Time coincides with the Indian values ​​markets that reach the highest record, establishing a favorable background so that new companies enter the market.

Key dates and valuation details

The OPI of $ 3 billion will open for institutional investors on October 14, followed by retail offers and other investors from October 15 to 17. According to sources familiar with the matter, the trade of Hyundai Motor India shares will begin in Mumbai on October 22. If you have a price of the upper end of the band, the car manufacturer will be valued at around $ 19 billion.

Hyundai market strategy

Despite not issuing new actions, the OPI will involve the South Korean parent company that sells up to 17.5% of its participation in the absolute property subsidiary. After the OPI, Hyundai’s father will retain a 82.5%share, possess approximately 670 million shares.

As the second largest car manufacturer in India after Maruti, Hyundai aims to recover the market share of local competitors by expanding their SUV line. The company will also launch its first electric vehicle made locally in early 2025, along with two new models with gasoline specifically designed for the Indian market, which is expected to debut in 2026.

Hyundai has not yet responded to consultations on the IPO of media sources, maintaining a level of confidentiality around the offer.

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