Hyundai Motor India IPO Price Band: The wait for the IPO of Hyundai Motor India Ltd, the Indian unit of South Korean motor company Hyundai, is about to end. A big update has come regarding this. This IPO will open for subscription next week. Reuters, citing sources, has reported that the price band of this IPO can be between Rs 1,865 to Rs 1,960 per share. This will be Hyundai's first IPO which will be listed in the stock market for the first time outside South Korea.

Hyundai Motor India IPO: will open on this day

Hyundai Motor India's Rs 25,000 crore IPO may come on October 14. This will be India's largest IPO. Bids will be invited from retail and other categories during October 15-17.

The South Korean automaker is looking to raise at least USD 3 billion (about Rs 25,000 crore) through an initial share sale, sources had earlier said.

Hyundai Motor India

Hyundai Motor India started operations in India in 1996 and currently sells 13 models across segments. This is the first time in two decades that an automaker is launching an IPO after Japanese automaker Maruti Suzuki was listed on the stock exchange in 2003.