Business News Desk -The initial public offering (IPO) of Hyundai Motor India, one of the country’s largest car manufacturing companies, is going to open for general investors from October 15. The company plans to raise Rs 27,870 crore through this IPO. This will be the biggest IPO in the country so far. Earlier, the Rs 21,000 crore IPO of Life Insurance Corporation of India (LIC) in 2022 was the country’s largest IPO.
Hyundai Motor IPO: Price Band
According to the information given by the company, the IPO will be open for retail investors from October 15 to October 17. Its price band has been fixed at Rs 1,865 to Rs 1,960 per share.
Hyundai Motor IPO: Lot Size
There will be 7 shares in one lot of Hyundai Motor India. This entire IPO will be Offer for Sale (OFS). Meaning, all the money raised through this IPO will go to the investors or promoters of the company.
The country’s second largest car company
Hyundai Motor India is the second largest car company in the country after Maruti Suzuki India. The company’s market share in June 2024 was 24%. The company sold 7.77 lakh vehicles in the last financial year, of which 21% were exported to countries like Africa, Middle East, Europe and Latin America.
The company has 1,377 sales outlets and 1,561 service outlets in the country. Hyundai Motor India’s income in the financial year 2023-24 was Rs 69,829 crore. During this period, the company made a profit of Rs 6,060 crore and the company’s margin was 13.1%. The company’s income in the first quarter of the financial year 2024-25 was Rs 17,344 crore. During this period, the company made a profit of Rs 1,489 crore and the margin was 13.5%.
