Hyundai Motor India’s Exciting IPO Launch
Hyundai Motor India is set to launch its much-anticipated Initial Public Offering (IPO) on October 15. This public issue will be open for big institutional investors a day earlier, on October 14. While the exact issue price is yet to be disclosed, the IPO has already generated significant interest in the Indian market, which is currently experiencing a boom in IPO activities.
Hyundai’s Global Presence
Hyundai Motor Company, headquartered in South Korea, plans to sell shares worth approximately Rs 25,000 crore through an Offer for Sale (OFS) in India. Hyundai Motor Group, which includes both Hyundai and Kia, ranks as the third-largest automaker in the world, having sold 7.3 million vehicles in 2023.
A Historic Listing
This IPO marks Hyundai’s first stock market listing outside South Korea and is the first carmaker to go public in India in two decades, following Maruti Suzuki. The booming Indian stock market has seen many companies listing their shares, with several achieving substantial gains.
An IPO is a process where companies offer their shares to the public to raise equity capital from investors.
Doubts Revealed
Hyundai Motor India -: Hyundai Motor India is a company that makes cars. It is part of a bigger company called Hyundai, which is from South Korea.
IPO -: IPO stands for Initial Public Offering. It is when a company sells its shares to the public for the first time to raise money.
Institutional investors -: Institutional investors are big organizations like banks or insurance companies that invest large amounts of money in stocks and other assets.
Issue price -: The issue price is the price at which the shares will be sold to the public during the IPO.
Rs 25,000 crore -: Rs 25,000 crore is a large amount of money. In India, ‘crore’ is a term used to represent ten million, so Rs 25,000 crore is 250 billion rupees.
Listing -: Listing means that the company’s shares will be available to buy and sell on the stock market.
Stock market -: The stock market is a place where people can buy and sell shares of companies. It is like a big marketplace for stocks.
