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The ₹27,856 crore initial public offering (IPO) of Hyundai Motor India opens for bidding on Tuesday, October 15. The passenger vehicle giant is offering shares in the price range of ₹1,865-1,960 each, with a minimum application of seven equity shares. This is India’s largest-ever IPO and will be open for subscription until Thursday, October 17. Hyundai Motor India, part of South Korea's Hyundai Motor Group—the world's third-largest auto OEM by passenger vehicle sales—also manufactures components like transmissions and engines.

The IPO, an offer for sale by Hyundai Motor Company (South Korea), involves up to 14.21 crore equity shares. Hyundai Motor India will not receive proceeds from the issue, but the company's market capitalization is expected to reach ₹1.59 lakh crore. Hyundai Motor India has already raised ₹8,315.3 crore from 225 anchor investors, including big names such as GIC, New World Fund, Fidelity, Baillie Gifford, Vanguard, City of New York Group Trust, Moorea Fund, Blackrock, ICICI Prudential MF, SBI MF, and HDFC MF. Should you subscribe to the Hyundai Motor India IPO? Tune in for expert advice from Astha Jain, Senior Research Analyst at Hem Securities, as she provides insights into this massive issue.