Hyundai Motor plans to enter the Indian capital market
ECONOMY & POLICY

Hyundai Motor plans to enter the Indian capital market

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code