Discover Hyundai's Ambitious Growth Plans Before Subscribing The IPO With HMIL's COO Tarun Garg

Hyundai Motor India has launched its massive ₹27,856 crore initial public offering (IPO) on October 15, 2024, marking India's largest-ever IPO to date. The company, part of South Korea's Hyundai Motor Group, is offering shares priced between ₹1,865 and ₹1,960 each, with a minimum application of seven equity shares. This IPO will remain open for subscription until October 17, 2024.The entire offer consists of up to 14,21,94,700 equity shares from the South Korean auto giant, with no proceeds going to the company itself. Hyundai Motor India, headquartered in Chennai, has a market capitalization projected at ₹1.59 lakh crore.The company has already secured ₹8,315.3 crore from 225 anchor investors, including notable names like Singapore’s GIC, Fidelity, Vanguard, and Blackrock, by allocating 42.4 million shares at ₹1,960 each.Tarun Garg, COO of Hyundai Motor India, highlighted the company's growth trajectory, noting a commitment of ₹32,000 crore towards expansion at their Pune plant and an additional ₹26,000 crore in Tamil Nadu. Hyundai is also focusing on electric vehicles (EVs), with plans to introduce four new EV models, starting with the CR EV next quarter.