yundai Motor India, a 100 per cent subsidiary of South Korea-based international auto large Hyundai Motor Firm, filed its draft purple herring prospectus final week. As per media experiences, the IPO dimension might be round $3 billion, with Hyundai Motor India being valued at as excessive as ₹25 billion. The #IPO is deliberate someday within the second half of 2024, and if efficiently concluded, it is going to be India’s largest IPO as issues stand now.
At the moment, we’re diving into some fascinating insights from Hyundai’s Draft Purple Herring Prospectus, or DRHP. We’re going to discover how the Indian auto market has developed over the previous few years and what this implies for Hyundai’s IPO.
—
Video Credit score-
Analysis and Reporting Intern: Shrinidhi Ramanathan
Pictures: Reuters, Bijoy Ghosh
#Hyundai #Motor #Indias #Billion #IPO #Means #Auto #Market