Hyundai Launches India’s Largest IPO

• Hyundai Motor India Ltd. (HMIL) announces India’s largest ever initial public offer (IPO) of ₹27,870 crore.
• The IPO consists of an offer for sale for 14.2 crore equity shares by the promoter, with no fresh issues.
• The price band is fixed between ₹1,865 and ₹1,960 a share.
• The IPO will dilute 17.5% of the promoter shareholding, which will increase to 25% in the next three to five years to comply with SEBI’s minimum public shareholding norms.
• Key risk factors include increased input prices and dependence on limited suppliers.
• HMIL is the second largest automobile company in India with a market share of 15% in Q1 2024-25.
• The IPO is among the world’s first automobile IPOs in about two decades.