Hyundai Motor plans to enter the Indian capital market

12 Jun 2024 CW Team

It is anticipated that the Indian unit of Hyundai Motor, a company based in Korea, will submit a draft red herring prospectus (DRHP) to the market regulator Sebi within the next two weeks, signaling the commencement of procedures for an initial public offering.

If successful, this event would represent the first IPO by an automaker in India in over two decades since the listing of Maruti Suzuki, the country's largest car manufacturer, in 2003.

Following the submission of the DRHP, it is expected that the management of Hyundai Motor India will initiate investor roadshows in India and overseas from the following month, as disclosed by an investment banker. The individual chose not to disclose their identity due to the confidential nature of the discussions.

Sebi is anticipated to grant its approval within 60-90 days subsequent to the filing of the DRHP, indicating that Hyundai Motor India's IPO may potentially enter the market in September or October.

The company has enlisted the services of investment bankers such as Citibank, Morgan Stanley, Kotak Mahindra, HSBC, and JPMorgan to oversee the IPO.

Hyundai aims to take advantage of the bullish trend in the Indian equities market, which has recorded an annual return of 14% over the past decade, placing it among the top five best-performing markets globally. In February that Hyundai is targeting a valuation of $ 22-28 billion for its Indian subsidiary and is contemplating selling a 15-20% stake through the IPO, which would solely consist of an offer for sale by the Korean parent company.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..