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 India will begin taking orders for its $3.3 billion initial public offering (IPO) in Mumbai on Monday, the company said in regulatory filings,

Hyundai Motor India announces its IPO on 15 October 2024, aiming to raise ₹25,000 crore, a significant event in Indias automotive sector.

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.

The IPO consists of entirely offer-for-sale of 14.2 crore equity shares by its parent firm Hyundai Motor Company. The automobile company targets to Rs 27,870.2 crore through maiden public issue at the upper price band.

Hyundai Motor India launched a $3.3 billion IPO, marking the largest ever in its country. Institutional investors, including BlackRock and Fidelity, purchased significant shares. The IPO reflects strong interest in India's capital markets,

Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors for its upcoming IPO, allotting shares at Rs 1,960 per share. The IPO, exclusively an offer for sale, will see proceeds go to Hyundai Motor Global.

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.

Singapore sovereign wealth fund GIC and US asset management giant BlackRock together picked up stakes worth a total of US$77.3 million, while American financial major Fidelity bought shares worth US$76.5 million. Domestic mutual funds were allocated shares worth a total US$340 million.

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