Hyundai India is likely to file a DRHP with market regulator Sebi over the next two weeks says Report

Hyundai IPO: There has been a lot of discussion about the IPO of Hyundai India, the Indian unit of South Korean automobile company Hyundai Motor, and now a big news related to it has come. Such a big IPO of an automobile company will come in the Indian equity market after more than two decades because before this the IPO of automaker Maruti Suzuki came in the year 2003. In this way, after the IPO of Maruti 21 years ago, there is a buzz about the IPO of the automaker company in the country.

news about ipo Know

According to the Economic Times report, Hyundai India may file a draft red hearing prospectus with SEBI in the coming two weeks. According to two people with information related to this IPO, the process for the Initial Public Offer (IPO) will be started soon. Hyundai India's proposed IPO can become the biggest IPO in the history of the Indian stock market and it is expected to be the biggest IPO in the world.

What is the company's plan

After filing the red herring prospectus, Hyundai Motor India plans to start investor road shows in India and abroad which will be conducted from next month. An investment banker has given this information on the condition of anonymity.

When can Hyundai's IPO come?

SEBI can give its approval within 60-90 days of filing the DRHP. Therefore, it can be estimated that Hyundai's IPO can come in the Indian stock market by September or October of this year.

What could be the valuation of Hyundai India's IPO

The valuation of Hyundai India's IPO can be 22-28 billion dollars. Hyundai is looking to sell 15 to 20 percent of its stake in the IPO. Even after selling 15 percent stake, the size of the IPO is going to cross Rs 27 thousand crores, on the basis of which it can prove to be India's largest IPO. Till now, the IPO of the government insurance company LIC is the highest valued public offer in the country, whose size was about Rs 21 thousand crores.

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