{"id":147059,"date":"2024-10-03T21:38:07","date_gmt":"2024-10-03T21:38:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/03\/hyundai-india-may-launch-rs-25000-crore-ipo-on-october-14-times-of-india\/"},"modified":"2024-10-03T21:38:08","modified_gmt":"2024-10-03T21:38:08","slug":"hyundai-india-may-launch-rs-25000-crore-ipo-on-october-14-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/10\/03\/hyundai-india-may-launch-rs-25000-crore-ipo-on-october-14-times-of-india\/","title":{"rendered":"Hyundai India may launch Rs 25,000-crore IPO on October 14 &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/thumb\/msid-113917859,imgsize-27450,width-400,resizemode-4\/113917859.jpg?fit=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Hyundai India may launch Rs 25,000-crore IPO on October 14 &#8211; Times of India\" title=\"Hyundai India may launch Rs 25,000-crore IPO on October 14 &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"_s30J clearfix  \">\n<div class=\"MwN2O\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p>NEW DELHI: <!-- -->Hyundai Motor India<!-- -->, the Indian arm of South Korean automaker Hyundai, is expected to launch its much-awaited Rs 25,000-crore initial share-sale for public subscription on Oct 14, people familiar with the development said on Thursday. This would be the largest <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/ipo\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">initial public offering<\/a> (<a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/ipo\" styleobj=\"[object Object]\" class=\"\" frmappuse=\"1\">IPO<\/a>) in India after LIC&#8217;s initial share sale of Rs 21,000 crore.<br \/>According to the Draft Red Herring Prospectus (DRHP) filed in June, Hyundai Motor India&#8217;s proposed IPO is entirely an <!-- -->Offer-for-Sale<!-- --> (OFS) of 142,194,700 equity shares by promoter Hyundai Motor Company, with no fresh issue component.Sources had previously stated that the South Korean automaker is looking to raise at least $3 billion (about Rs 25,000 crore) through an initial share sale.<br \/>This development marks a significant milestone for the Indian industry, as it is an automaker&#8217;s first initial share sale in over two decades, following Japanese automaker Maruti Suzuki&#8217;s listing in 2003. The South Korean parent is diluting some of the stake through the OFS route. Since the public issue is completely an OFS, Hyundai Motor India, which is the second largest carmaker in India after Maruti Suzuki India, will not receive any proceeds from the IPO. <\/div>\n<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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This would be the largest initial public offering (IPO) in India after LIC&#8217;s initial share sale of Rs [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":147060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-113917859,imgsize-27450,width-400,resizemode-4\/113917859.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[116699,289,12133,116698,116697,273,9783,2799,254,7643,83649,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/147059"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=147059"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/147059\/revisions"}],"predecessor-version":[{"id":147061,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/147059\/revisions\/147061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/147060"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=147059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=147059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=147059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}