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.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

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.

Next Story
Infrastructure Transport

Atal Setu Records Daily Traffic Below Projections in First Year

India’s longest sea bridge, Atal Setu, which connects Sewri in Mumbai to Chirle in Navi Mumbai, has reported an average daily traffic of 22,689 vehicles in its first year, falling short of the initial projection of 56,000 vehicles per day. The 22-kilometer bridge, inaugurated by Prime Minister Narendra Modi on January 12, 2024, was constructed at a cost of Rs 178.4 billion and is hailed as a milestone in Maharashtra’s infrastructure development. According to the Mumbai Metropolitan Region Development Authority (MMRDA), the Atal Setu, formerly known as the Mumbai Trans Harbour Link (MT..

Next Story
Infrastructure Transport

Railway Board Tightens Rules for Bridge Design After Pamban Lapses

The Railway Board has mandated all zones to inform the Commissioner of Railway Safety (CRS) about the special features of significant and innovative bridges during the design phase. This directive, issued on January 10, follows findings from Southern Circle Railway Safety Commissioner AM Chowdhary, who identified critical lapses in the construction of the newly built Pamban Bridge. The Pamban Bridge, India’s first vertical-lift rail bridge, connects the mainland to Rameswaram Island in Tamil Nadu. Its construction came under scrutiny last November when the CRS flagged issues prior to gr..

Next Story
Infrastructure Urban

IISc and Tata Group to Launch Rs 5 Billion Medical School in Bengaluru

The Indian Institute of Science (IISc), Bengaluru, and the Tata Group have announced a partnership to establish the Tata IISc Medical School on the IISc Bengaluru campus. As part of the collaboration, the Tata Group will contribute Rs 5 billion to support the development of the institution. The Tata IISc Medical School is envisioned as a centre of excellence that combines basic science and engineering with clinical research and medical education. It will specialize in areas such as oncology, cardiology, neurology, nephrology, diabetes and metabolic disorders, infectious diseases, integrat..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000