IPO type: Offer for Sale (OFS) – This means existing shareholders (Hyundai Motor Company) will be selling their shares, and the company itself won’t raise any capital.
Issue size: Up to 142.2 crore equity shares, representing 17.5% of the post-offer paid-up equity share capital.
Potential valuation: Experts estimate the IPO could value Hyundai Motor India at $25-30 billion.
Target amount: Media sources suggest Hyundai aims to raise between $2.5 billion and $3 billion.
Important to note:
The IPO date and price band haven’t been officially announced yet.
If successful, this could surpass the record set by Life Insurance Corporation of India’s $2.46 billion IPO in May 2022.
