New Delhi, October 13 The initial public offering (IPO) of Hyundai Motor India, one of the largest car manufacturers in the country, is going to open for general investors from October 15. Through this IPO, the company plans to raise Rs 27,870 crore. This will be the largest IPO in the country so far.
Earlier, the Rs 21,000 crore IPO of Life Insurance Corporation of India (LIC) in 2022 was the largest IPO in the country. 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 from Rs 1,865 to Rs 1,960 per share.
One lot of Hyundai Motor India will have seven shares. This entire IPO will be an Offer for Sale (OFS). Meaning, all the money raised through this IPO will go to the investors or promoters of the company.
Hyundai Motor India is the second largest car company in the country after Maruti Suzuki India. The company’s market share was 24 percent in June 2024. In the last financial year, the company sold 7.77 lakh vehicles, out of which 21 percent 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 had a profit of Rs 6,060 crore and the company’s margin was 13.1 percent.
In the first quarter of FY 2024-25, the company’s income was Rs 17,344 crore. During this period, the company had a profit of Rs 1,489 crore and the margin was 13.5 percent.
