By:- B.T Team
Image Credit:- Google
Hyundai Motor India's ₹27,870 crore IPO marks the company's biggest public offering in India, demonstrating the brand's growing commitment to the Indian market.
Hyundai’s Largest-Ever IPO in India:
Hyundai has set a price band between ₹1,865 and ₹1,960 per share, positioning it as one of the most premium automotive IPOs in India.
Price Band Shock:
Major Market Shareholder:
Hyundai Motor India is not only a car manufacturer but a leading player in India's SUV and premium vehicle segments, which have seen massive growth in recent years.
Pre-IPO Investment Boom:
Before the IPO, Hyundai attracted significant pre-IPO investment from institutional investors, hinting at a strong future demand for its shares.
Few know that Hyundai Motor India exports vehicles to over 88 countries, making India a major export hub for the company.
Surprising Export Leader:
EV Expansion Potential:
Hyundai’s future investment strategy in India includes a significant focus on electric vehicles (EVs), which is expected to drive its valuation higher.
Legacy in India:
Hyundai has been present in India for over two decades, and this IPO is seen as a milestone in its journey towards becoming a household name.
Strong Dealer Network:
Hyundai boasts one of the strongest dealership networks in India, with over 500 sales points across urban and rural areas, which adds to its appeal as a solid investment.
Hyundai is known for its employee retention and satisfaction, further contributing to the company’s long-term growth stability.
Global Impact of the IPO:
Hyundai’s IPO is not just about India. This will also set a precedent for the company’s future global ventures, particularly in emerging markets.