India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.Shares of Hyundai Motor Co.

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 $3.3 billion IPO that will be the country's largest share offering yet.

With a valuation of around $20 billion, Hyundai's IPO is set to make waves. The company's commitment to innovation and quality has made it a leading player in the market, and many investors are keen to participate in this significant event.

Hyundai Motor India is on track to create the history in the India's capital markets by launching the biggest ever IPO after the Life Insurance Corporation's Rs 21,000-crore offer in 2022. Here are 10

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.

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

Hyundai Motor India‘s IPO opened for subscriptions for big institutional investors on Monday and is set to open for investors in retail and other categories from Tuesday. What Happened: The ₹27,870.16 crore IPO is entirely an offer for sale,