Hyundai Motor India has launched a monumental USD 3.3 billion Initial Public Offering (IPO), setting a new record for the country's largest share offering to date. The IPO, which commenced with a robust start on Monday, has already seen substantial participation from global investment powerhouses, underscoring the strong investor confidence in India's automotive sector and broader economic prospects.

On the first day of the IPO, Hyundai Motor India successfully sold shares worth USD 989.4 million to institutional investors, marking a significant milestone in the offering process. Among the notable participants, global financial giants BlackRock and Fidelity emerged as key investors, with BlackRock and the Government of Singapore collectively acquiring stakes valued at USD 77.3 million. Fidelity, another major player in the global investment landscape, secured shares worth USD 76.5 million, further cementing the international appeal of this offering.

The IPO structure reveals that Hyundai's South Korean parent company plans to divest up to 17.5% of its stake in the wholly-owned Indian subsidiary, without issuing any new shares. This strategic move is set to value Hyundai Motor India at an impressive USD 19 billion, potentially representing about 40% of its parent company's market capitalisation. The offering comprises 142,194,700 shares priced within a band of 1,865 to 1,960 rupees per share, as detailed in official filings.

This landmark IPO is not just significant for Hyundai; it marks a pivotal moment for India's capital markets. So far in 2024, 260 companies have collectively raised over USD 9 billion through public offerings, already surpassing the total of USD 7.42 billion raised in the entirety of the previous year, according to LSEG data. This trend highlights the growing appeal of India's equity markets to both domestic and international investors.

The scale of Hyundai India's IPO is set to eclipse the previous record held by Life Insurance Corporation of India, which raised USD 2.5 billion in its 2022 offering. On a global scale, this IPO ranks as the second largest of 2024, following Lineage Inc's USD 5.1 billion U.S. IPO in July, further emphasising its significance in the international financial landscape.

Industry analysts are optimistic about Hyundai India's prospects, particularly noting the company's strategic focus on SUVs, which aligns well with evolving consumer preferences for larger, safer vehicles. This product strategy, combined with planned capacity expansions, is expected to drive market share growth and position Hyundai India for strong performance in the coming years.

Arun Kejriwal, founder of Kejriwal Research, highlighted the long-term value proposition for anchor investors, stating, "The company's plans for a 250,000 vehicle expansion by December 2025 show that there is apparent money in the long term for anchor investors. This, along with prospective market share improvement provides a runway of growth for the company."

The timing of the IPO has also been noted as particularly advantageous, with Shin Yoon-chul, an analyst at Kiwoom Securities, pointing out that the auto sector has been leading performance on the Indian stock market. The analyst suggested that the funds raised through this IPO could significantly enhance Hyundai's investment capacity and help narrow the market share gap with India's current market leader, Maruti Suzuki.

Looking ahead, Hyundai Motor India has ambitious plans to capitalise on its market position and the funds raised through this IPO. The company is set to launch its first India-made electric vehicle in early 2025, alongside at least two new gasoline-powered models tailored specifically for the Indian market from 2026 onwards. These initiatives underscore Hyundai's commitment to innovation and market adaptation in one of the world's fastest-growing automotive markets.

The IPO process will continue through the week, with retail and other investors able to place orders from Tuesday to Thursday, following the anchor investor allocation. The stock is scheduled to begin trading on the Mumbai stock exchange on October 22, a date that will likely be closely watched by investors and industry observers alike.

Hyundai Motor India has launched a monumental USD 3.3 billion Initial Public Offering (IPO), setting a new record for the country's largest share offering to date.

Hyundai Motor India has launched a monumental USD 3.3 billion Initial Public Offering (IPO), setting a new record for the country's largest share offering to date. The IPO, which commenced with a robust start on Monday, has already seen substantial participation from global investment powerhouses, underscoring the strong investor confidence in India's automotive sector and broader economic prospects. On the first day of the IPO, Hyundai Motor India successfully sold shares worth USD 989.4 million to institutional investors, marking a significant milestone in the offering process. Among the notable participants, global financial giants BlackRock and Fidelity emerged as key investors, with BlackRock and the Government of Singapore collectively acquiring stakes valued at USD 77.3 million. Fidelity, another major player in the global investment landscape, secured shares worth USD 76.5 million, further cementing the international appeal of this offering. The IPO structure reveals that Hyundai's South Korean parent company plans to divest up to 17.5% of its stake in the wholly-owned Indian subsidiary, without issuing any new shares. This strategic move is set to value Hyundai Motor India at an impressive USD 19 billion, potentially representing about 40% of its parent company's market capitalisation. The offering comprises 142,194,700 shares priced within a band of 1,865 to 1,960 rupees per share, as detailed in official filings. This landmark IPO is not just significant for Hyundai; it marks a pivotal moment for India's capital markets. So far in 2024, 260 companies have collectively raised over USD 9 billion through public offerings, already surpassing the total of USD 7.42 billion raised in the entirety of the previous year, according to LSEG data. This trend highlights the growing appeal of India's equity markets to both domestic and international investors. The scale of Hyundai India's IPO is set to eclipse the previous record held by Life Insurance Corporation of India, which raised USD 2.5 billion in its 2022 offering. On a global scale, this IPO ranks as the second largest of 2024, following Lineage Inc's USD 5.1 billion U.S. IPO in July, further emphasising its significance in the international financial landscape. Industry analysts are optimistic about Hyundai India's prospects, particularly noting the company's strategic focus on SUVs, which aligns well with evolving consumer preferences for larger, safer vehicles. This product strategy, combined with planned capacity expansions, is expected to drive market share growth and position Hyundai India for strong performance in the coming years. Arun Kejriwal, founder of Kejriwal Research, highlighted the long-term value proposition for anchor investors, stating, "The company's plans for a 250,000 vehicle expansion by December 2025 show that there is apparent money in the long term for anchor investors. This, along with prospective market share improvement provides a runway of growth for the company." The timing of the IPO has also been noted as particularly advantageous, with Shin Yoon-chul, an analyst at Kiwoom Securities, pointing out that the auto sector has been leading performance on the Indian stock market. The analyst suggested that the funds raised through this IPO could significantly enhance Hyundai's investment capacity and help narrow the market share gap with India's current market leader, Maruti Suzuki. Looking ahead, Hyundai Motor India has ambitious plans to capitalise on its market position and the funds raised through this IPO. The company is set to launch its first India-made electric vehicle in early 2025, alongside at least two new gasoline-powered models tailored specifically for the Indian market from 2026 onwards. These initiatives underscore Hyundai's commitment to innovation and market adaptation in one of the world's fastest-growing automotive markets. The IPO process will continue through the week, with retail and other investors able to place orders from Tuesday to Thursday, following the anchor investor allocation. The stock is scheduled to begin trading on the Mumbai stock exchange on October 22, a date that will likely be closely watched by investors and industry observers alike.

Global investors flock to Hyundai Motor India's USD 3.3 billion IPO

India&#39;s second-leading car manufacturer Hyundai Motor India on Wednesday unveiled the much-awaited facelift of 2018 Elite i20 premium hatchback at the Auto Expo 2018, on Wednesday. &nbsp;

The i20 facelift is similar to the details and the images already leaked online.&nbsp;

Priced at Rs 5.34 Lakh, the new Hyundai Elite i20 is among the handful of cars that Hyundai is showcasing at &nbsp;Auto Expo, which also includes the all-new Hyundai Santro, Hyundai Ioniq crossover, as well as its Hyundai N performance cars.&nbsp;

Also read:&nbsp;

The 2018 Hyundai Elite i20 got a facelift and a design refresh which has remained unchanged since 2014. The car will also be available in the new colour &ndash; orange.&nbsp;

The front bumper and fog lamp inserts also got minor changes but more or less the front end of the car remains similar to the outgoing version.

The interiors of the i20 Elite remains familiar with a high-quality dual-tone finish. However, the touchscreen infotainment unit on the center console is larger than the one in the pre-facelift model.&nbsp;

This infotainment gains new features such as Android Auto and Apple CarPlay connectivity options.

The facelift brings a new large V-shaped grille finished in black to the Elite i20, and does not bear a chrome frame as the outgoing version.&nbsp;

Fog lamps pods, the air dam also receive a redesign. Headlamps now sport C-shaped chrome inserts and LED DRLs. The Asta variant spied in these shots also features projector headlamps. The rear bumper also gets a do-over with new black inserts and a revised tailgate.&nbsp;

The taillamps now extend down all the way to the tailgate. There are new alloys too, with a twin five-spoke design and gunmetal finish.

Mechanical changes on the car will be limited to the addition of a new CVT automatic gearbox on the 1.2 liter Kappa VTVT petrol engine that makes 82 Bhp-115 Nm.&nbsp;

Hyundai will no longer fit the i20 Elite with the larger, 1.4 liter petrol engine. The 1.4 liter turbocharged CRDI diesel engine with 89 Bhp-220 Nm will be retained, with a 6-speed manual gearbox as standard.

Hyundai i20 was a major show-stopper at the Hyundai&rsquo;s stall and features new alloy wheels.

Priced at Rs 5.34 Lakh, the new Hyundai Elite i20 is among the handful of cars that Hyundai India will bring to the Auto Expo, which also includes the all-new Hyundai Santro, Hyundai Ioniq crossover, as well as its Hyundai N performance cars.

India's second-leading car manufacturer Hyundai Motor India on Wednesday unveiled the much-awaited facelift of 2018 Elite i20 premium hatchback at the Auto Expo 2018, on Wednesday. The i20 facelift is similar to the details and the images already leaked online. Priced at Rs 5.34 Lakh, the new Hyundai Elite i20 is among the handful of cars that Hyundai is showcasing at Auto Expo, which also includes the all-new Hyundai Santro, Hyundai Ioniq crossover, as well as its Hyundai N performance cars. Also read: The 2018 Hyundai Elite i20 got a facelift and a design refresh which has remained unchanged since 2014. The car will also be available in the new colour – orange. The front bumper and fog lamp inserts also got minor changes but more or less the front end of the car remains similar to the outgoing version. The interiors of the i20 Elite remains familiar with a high-quality dual-tone finish. However, the touchscreen infotainment unit on the center console is larger than the one in the pre-facelift model. This infotainment gains new features such as Android Auto and Apple CarPlay connectivity options. The facelift brings a new large V-shaped grille finished in black to the Elite i20, and does not bear a chrome frame as the outgoing version. Fog lamps pods, the air dam also receive a redesign. Headlamps now sport C-shaped chrome inserts and LED DRLs. The Asta variant spied in these shots also features projector headlamps. The rear bumper also gets a do-over with new black inserts and a revised tailgate. The taillamps now extend down all the way to the tailgate. There are new alloys too, with a twin five-spoke design and gunmetal finish. Mechanical changes on the car will be limited to the addition of a new CVT automatic gearbox on the 1.2 liter Kappa VTVT petrol engine that makes 82 Bhp-115 Nm. Hyundai will no longer fit the i20 Elite with the larger, 1.4 liter petrol engine. The 1.4 liter turbocharged CRDI diesel engine with 89 Bhp-220 Nm will be retained, with a 6-speed manual gearbox as standard. Hyundai i20 was a major show-stopper at the Hyundai’s stall and features new alloy wheels.

Auto Expo 2018: Hyundai Motor India unveils all-new Elite i20 for Rs 5.34 Lakh

Country&#39;s largest carmaker Maruti Suzuki India (MSI) on Wednesday said it has increased prices of its models by up to Rs 17,000 in order to partially offset rise in input costs.

In a regulatory filing, it said the hike will range between Rs 1,700 and Rs 17,000 across models owing to increase in commodity, administrative and distribution costs.

MSI sells a range of models starting with hatchback Alto 800 to premium crossover S-Cross, priced between Rs 2.45 lakh and Rs 11.29 lakh (ex-showroom Delhi).

The company had said last month that it will take a price increase from this month. Maruti recently entered the club of top-five most valued companies list

Tata Motors has already increased prices of its vehicles by up to Rs 25,000 from January 1.

Various automakers including, Hyundai Motor India, Honda Cars, Mahindra &amp; Mahindra have already announced to increase prices from this month.

These companies are however yet to announce price increase for their respective vehicles.

MSI sells a range of models starting with hatchback Alto 800 to premium crossover S-Cross, priced between Rs 2.45 lakh and Rs 11.29 lakh (ex-showroom Delhi).

Country's largest carmaker Maruti Suzuki India (MSI) on Wednesday said it has increased prices of its models by up to Rs 17,000 in order to partially offset rise in input costs. In a regulatory filing, it said the hike will range between Rs 1,700 and Rs 17,000 across models owing to increase in commodity, administrative and distribution costs. MSI sells a range of models starting with hatchback Alto 800 to premium crossover S-Cross, priced between Rs 2.45 lakh and Rs 11.29 lakh (ex-showroom Delhi). The company had said last month that it will take a price increase from this month. Maruti recently entered the club of top-five most valued companies list Tata Motors has already increased prices of its vehicles by up to Rs 25,000 from January 1. Various automakers including, Hyundai Motor India, Honda Cars, Mahindra & Mahindra have already announced to increase prices from this month. These companies are however yet to announce price increase for their respective vehicles.

Maruti Suzuki hikes prices by up to Rs 17,000