Hyundai Motor India is set to launch its largest IPO to date, aiming to raise over Rs 27,000 crore, opening for subscription from October 15 to 17, with shares listed on October 22. The price band is Rs 1865-1960 per share, with 50% of the offer for institutional buyers, 35% for retail investors, and 15% for non-institutional investors. This IPO marks Hyundai as the first automaker to go public in 20 years in India. The funds will support research and development.
Additionally, two SME IPOs from Lakshya Powertech and Freshara Agro will open next week, along with three listings including Garuda Construction, which had a subscription of 7.55 times. There is a promising IPO pipeline with 26 companies seeking to raise Rs 72,000 crore and 55 others awaiting approval for Rs 89,000 crore.
Tax Concept is a dedicated team of financial writers, legal analysts, and tax professionals committed to breaking down complex Indian corporate updates. From real-time GST amendments and crucial Income Tax judgements to EPFO schemes and corporate law updates, TaxConcept serves as a reliable, authoritative guide for chartered accountants, businesses, and everyday taxpayers seeking absolute compliance clarity.