Hyundai Motors India to launch its IPO soon worth Rs 25,000 crore.
About Hyundai
Hyundai Financials
| Fiscal Year | Net Sales (₹ crore) | Cash & Bank (₹ crore) | PAT (₹ crore) | Networth (₹ crore) |
|---|---|---|---|---|
| FY18 | 39,333 | 7,230 | 2,124 | 11,174 |
| FY19 | 43,258 | 9,254 | 2,582 | 13,751 |
| FY20 | 42,979 | 8,070 | 2,355 | 13,280 |
| FY21 | 40,674 | 11,568 | 1,847 | 15,130 |
| FY22 | 47,043 | 14,139 | 2,862 | 16,635 |
| FY23 | 59,761 | 17,741 | 4,654 | 19,778 |
Hyundai Motor India Limited was India’s second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes.
Hyundai IPO details :
As per the sources, Hyundai India is planning to sell an up to 17.5% stake in the IPO. The IPO could be worth Rs 25,000 crore .
A report by Moneycotrol stated that, “The objective of the offer are to carry out the Offer for Sale of up to 142,194,700 Equity Shares of the face value of Rs 10 each by the Promoter Selling Shareholder and to achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, our Company expects that listing of the Equity Shares will enhance our visibility and brand image and provide liquidity and a public market for the Equity Shares in India,”.
READ MORE : United Cotfab Ltd IPO opens. Check the GMP and other details .
Biggest IPO in India :
It is expected that Hyundai India could be one of the biggest IPO in India after LIC.
| Company | Offer Size (₹ crore) | Year |
|---|---|---|
| LIC | 20,557 | 2022 |
| One 97 Communications | 18,300 | 2021 |
| Coal India | 15,475 | 2010 |
| Reliance Power | 11,700 | 2008 |
| GIC | 11,373 | 2017 |
In January this year, CRISIL gave Hyundai Motor India’s long-term debt a top rating of AAA.
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.
One thought on “Hyundai Motors India to launch its IPO soon worth Rs 25,000 crore.”