Update on the Hyundai India IPO – As of 10th October 2024 Today is 10 th October 2024 , and we are now firmly in countdown mode for what is set to be the largest IPO in Indian history , valued at Rs 27,870 crore. Since we first shared the news, there have been a few key updates worth noting. Hyundai India is set to launch the biggest IPO in Indian history, surpassing even LIC’s record-breaking float. With an approximate price band of Rs 1,865 to Rs 1,960, this IPO has caught the attention of every investor. Up for grabs is 17.5% of the company through a sale of over 14.2 crore equity shares.We break down its key financials, Hyundai's market position, EV plans, and whether large IPOs truly succeed in India. What is the story behind Hyundai India? The story of Hyundai in India is nothing short of extraordinary. Launched in 1996, Hyundai Motor India Ltd. (HMIL) quickly became a household name, entering a market previously dominated by Maruti Suzuki. It was the introduction of the icon
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