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The Morning Brief

Hyundai’s Mega IPO

Jun 18, 2024
Mahantesh Sabarad, a senior financial expert, discusses Hyundai's mega IPO in India potentially raising ₹25,000 crore, surpassing LIC's record. Topics include Hyundai's EV strategy, global expansion plans, challenges balancing production and exports, Tata Group's EV plans, and implications of Hyundai's IPO on MNC listings in India.
30:28

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Quick takeaways

  • Hyundai's mega IPO in India showcases strategic positioning and aims to boost global valuations.
  • Hyundai's success in India's competitive market is driven by product strategy and leadership in EVs.

Deep dives

Hyundai Motor India's Plan for Mega IPO

Hyundai Motor India is set to launch its biggest IPO in the country, planning to list later this year. The company filed its draft red herring prospectus to sell 17.5% of existing shares, aiming to raise between 21,000 crore to 25,000 crore rupees, potentially rivalling past stock market records. This significant IPO event highlights Hyundai's strategic positioning in India's automobile market and aims to boost the company's global valuations.

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