Hyundai Motor India Limited (Hyundai) has roared into the Indian capital market with its mega Initial Public Offering (IPO) on October 15, which is the largest ever in the country to date. With ₹27,870 crore, the Hyundai IPO surpasses the LIC's initial share sale of ₹21,000 crore. Also, Hyundai Motor India's IPO is the second largest in the world in 2024. The public subscription to Hyundai IPO is open from October 15 and will conclude on October 17, with a price band of ₹1,865 - ₹1,960 per share.

Hyundai Motor India's IPO is entirely an offer-for-sale (OFS) of 14,21,94,700 equity shares by the promoter Hyundai Motor Company (HMC), with no fresh issue component. This comes as the first IPO from any major automobile manufacturer in India in more than two decades, following India's biggest carmaker Maruti Suzuki's listing in the market in 2003.

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