Hyundai Motor India is planning a major (IPO) India’s history

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.

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