Hyundai Motor IPO: If you are interested in betting in IPO then this is useful for you. The country’s biggest IPO may open for investment in the coming days. In fact, Hyundai Motor India Limited, the Indian branch of South Korean vehicle manufacturing Hyundai, has received approval from capital market regulator SEBI to launch an IPO. According to investment bankers, SEBI has approved Hyundai Motor India’s ₹25,000 crore IPO. Which is the biggest IPO till date. The IPO is expected to be launched by November. However, the IPO date and price band have not been revealed yet. Despite this, tremendous demand for this stock is being seen in the gray market. According to Investorgain.com, shares of Hyundai Motor India Limited are trading at Rs 500 in the gray market.
what are the details
Let us tell you that the IPO documents were filed by the company in June. According to this, the IPO is an offer for sale (OFS) of 142,194,700 shares entirely by the promoter Hyundai Motor Company. The South Korea-based company is selling some of its stake through the offer for sale. Hyundai Motor India began operations in India in 1996 and currently sells 13 models across various segments. For the first time in two decades, Japanese automaker Maruti Suzuki is launching an IPO after its listing in 2003.
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IPO of NTPC Green Energy and Swiggy also
NTPC Green Energy, a subsidiary of public sector power company NTPC, may launch an IPO in the first week of November to raise Rs 10,000 crore. NTPC Green Energy had last week filed documents with capital markets regulator Securities and Exchange Board of India (SEBI) to raise Rs 10,000 crore through an IPO. There is news that the IPO may come in the first week of November this year. On the other hand, Swiggy’s IPO may also come in October to November. The company’s issue has also received approval from SEBI.
