Hyundai Motor India to Launch Largest-Ever Auto IPO, Raises Rs 8,315 Crore from Key Investors

In a move poised to reshape India’s automotive sector, Hyundai Motor India Ltd (HMIL) has raised Rs 8,315 crore from 225 prominent anchor investors ahead of its highly anticipated Initial Public Offering (IPO). Hyundai’s IPO, worth Rs 27,870 crore, is the largest in the country’s history.

The company has allocated 4.24 crore shares at Rs 1,960 per share to anchor investors, with significant participation from international and domestic funds, including the Government of Singapore and American investment funds. Of these, domestic mutual funds secured about 1.46 crore shares across 83 schemes.

Set to open on October 15 and close on October 17, the IPO will price shares between Rs 1,865 and Rs 1,960 each, valuing Hyundai at approximately Rs 1.5-1.6 lakh crore. The offering is an Offer for Sale (OFS) with proceeds going entirely to Hyundai Motor Company, South Korea.

This IPO marks the first time in 20 years that an automotive company in India will go public, following Maruti Suzuki's 2003 listing. Hyundai’s move signals its confidence in its market position and growth potential in India’s automotive industry.