Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest ever share offering and world's second biggest IPO in 2024.

As Hyundai Motor India gears up for its upcoming IPO, the grey market premium (GMP) for its shares continues to decline, now at approximately Rs 45. This reflects a marginal 3% premium over the issue price.

Hyundai Motor India's IPO is the largest in India and the second largest in the world in 2024. With ₹ 27,870 crore, the Hyundai IPO surpasses the LIC's initial share sale of ₹ 21,000 crore. The public subscription to Hyundai IPO will be open from October 15 and will conclude on October 17, with a price band of ₹ 1,865 - ₹ 1,960 per share.

By Scott Murdoch, Heekyong Yang and Kashish Tandon SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.

SEOUL: Hyundai India will start taking orders for its US$3.3bil initial public offering (IPO) in Mumbai soon, the company says in regulatory filings, a deal that will be the country’s largest ever share offering and world’s second biggest IPO in 2024.

The Indian subsidiary of South Korean automaker Hyundai Motor Company (HMC) allocated 42.4 million shares to 225 funds at ₹1,960 per share, the upper limit of its price range.

Hyundai Motor India Ltd (HMIL), the Indian arm of South Korean automaker Hyundai, on Monday raised Rs 8,315 crore from anchor investors, a day before its much-awaited initial share-sale opening for pu

Hyundai Motor India's IPO opens for subscription on October 15, closing on October 17, aiming to raise ₹27,856 crore.