What percentage of Hyundai Motor India is being offered in the IPO?

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Hyundai Motor India Plans to Offer 17.5 Per Cent Stake in IPO

Hyundai Motor India is set to offer 142.2 million shares, representing 17.5 per cent of the company, as part of its initial public offering (IPO). This move signals a significant step for the South Korean automaker’s presence in the Indian market, potentially marking one of the largest stock market debuts in the country.
Offering Size and Share Allocation

The draft prospectus filed by Hyundai indicates a substantial offering, with 142.2 million shares being made available to the public. This quantity translates to a 17.5 per cent stake in Hyundai Motor India. While the exact valuation and pricing are yet to be finalised, the scale of the share offering suggests a significant capital-raising exercise.
Potential Market Debut Scale

Reports suggest that Hyundai aims to raise between US$2.5 billion and US$3.0 billion through this IPO. If successful, this valuation could place it among India's largest IPOs. For context, the largest IPO to date in India was the 2022 listing of Life Insurance Corporation of India, which raised US$2.7 billion for a 3.5 per cent stake.
Strategic Market Context

Hyundai's decision to pursue an IPO in India comes at a time when the Indian stock market is experiencing robust growth, recently surpassing Hong Kong to become the world's fourth-largest stock exchange. The company has operated in India for over two decades and has established itself as the second-largest automotive seller in the country, distinguishing itself from some US rivals like Ford and General Motors that struggled to gain traction in the Indian market.

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What percentage of Hyundai Motor India is being offered in the IPO?

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