Upcoming IPO: Get Ready Investors, Country's Biggest IPO of Rs 25,000 Crore is Coming, Know About the Company

The IPO that LIC brought in India till now was the largest public issue in the country. Now this record may be broken soon and the IPO of up to Rs 25,000 crore may come in the country. More than 25 years have passed since this subsidiary has been operating in India. The company is going to launch an IPO to list itself in India.

2 Month ago

The largest IPO in the country so far was around Rs 21,000 crore, which was launched by the country's largest insurance company 'Life Insurance Corporation of India' (LIC).

Now preparations are made to break this record and the country's biggest ever IPO could be coming soon. Its size can be up to Rs 25,000 crore.

Here we are talking about Hyundai Motor India. It has been more than 25 years since this subsidiary of South Korea's largest car company Hyundai Motors has been operating in India.

According to a news from a private portal, the valuation of the company will be determined first for this IPO.

It is the second largest car company in the automobile sector of the country after Maruti Suzuki. Now this company is going to launch an IPO to list itself in India.

Hyundai Motor Company has selected Kotak Mahindra Capital and Morgan Stanley to plan this IPO. These investment banks will act as advisors in the listing of Hyundai Motor India Limited.

According to a news from a private portal, the valuation of the company will be determined first for this IPO.

Hyundai India's IPO is expected to fetch a final valuation of between $20 billion and $30 billion, depending on market trends. The company may sell their 15 percent stake in the IPO. This IPO can also be an outright offer for sale.

According to the information, the valuation will be determined based on how much stake the company wants to sell. Based on that the price per share will be decided. However, there is a possibility that the company could raise $2.5 billion to $3 billion through the IPO. If we look at the high level figures, this value in rupees can be between 24 to 25 thousand crore rupees.

Kotak Mahindra Capital and Morgan Stanley have been given a target to send the draft papers for Hyundai's IPO to Sebi by the end of July. Whenever a company wants to launch its IPO in India, it sends a 'Draft Red Herring Prospectus' (DRHP) to market regulator SEBI. It contains every minute details regarding the company's upcoming IPO. Only after its verification, SEBI allows the company to launch the IPO.

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