The date of the country’s biggest IPO has been revealed. At the same time, the details of how much the price of one share will also be out. Yes, the date of the Hyundai IPO of about Rs 25 thousand crore opened on October 14, which will continue till October 17.
At the same time, the price band of the company’s IPO is likely to be up to Rs 1,960. The country’s largest IPO, the Hyundai issue, has been awaited by investors for a long time. After this IPO, the company’s valuation will likely be $19 billion, i.e. about 1.6 lakh crores. Let us also tell you what kind of news is coming out about Hyundai’s IPO.
What Is The Launch Date of the IPO
Reuters has quoted three sources with direct knowledge of the matter as saying that Hyundai Motor India’s IPO of $3 billion, or about Rs 25 thousand crore, will open for subscription for large institutional investors on October 14, while for retail and other category investors, it will open between October 15 and October 17. However, the source in the Reuters report has refused to reveal his name.
Sources said on Tuesday that the Hyundai Motor India IPO’s price is likely between Rs 1,865 and Rs 1,960 (22 to 23 dollars) per share. The company will be valued at around $19 billion at the upper end of the price band. The stock is to be listed on the exchange on October 22.
Auto Maker’s IPO After 21 Years
The special thing is that Hyundai Motors is bringing its IPO in a country outside South Korea for the first time. The second special thing is that after 2003, a car company’s IPO is coming to the stock market in India. About 21 years ago, Maruti Suzuki was last listed on the stock market. No official response has come from Hyundai yet.
IPO Expected To Get Good Response
According to experts, the IPO is expected to get a good response. All the IPOs that have come in recent times have received a tremendous response. In such a situation, Hyundai is expected to get a better response. Earlier, when LIC’s IPO came, it was also in the same range. The IPO got a tremendous response, but the listing was not good. Now that Hyundai will have the biggest IPO, it will be interesting to see how its listing will be.
