Hyundai Gears Up for Mega IPO in India this Diwali

Asia Pacific Takes Center Stage: India Leads in IPO Listings for 2024

After nearly three decades since its India debut, Hyundai is reportedly considering an IPO in the country. If successful, it has the potential to become India’s largest IPO, surpassing LIC, which currently holds the record with an issue size of ₹21,000 crore, according to an ET report.

Asia-Pacific IPO Boom: India Leads in Listings; Banks Plan Listing for Second-Largest Passenger Vehicle Seller

The majority of IPO debuts in 2024 have taken place in the Asia-Pacific region, with India’s equity market leading in the number of listings. According to an ET report, several investment banks were in Seoul last week to finalize the listing plan for India’s second-largest passenger vehicle seller, following Maruti Suzuki. The expectation is that India will continue to be one of the most active markets in the region throughout the year.

Hyundai Eyes $22-28 Billion Valuation in India IPO, Targets Diwali Listing as Part of South Korea’s ‘Value-Up’ Program

This headline encapsulates the key points: Hyundai is considering a valuation range of $22-28 billion for its India IPO, aiming for a Diwali listing. The move is reportedly part of South Korea’s ‘value-up’ program. Additionally, financial regulators in Korea are contemplating measures inspired by Japan’s corporate reforms, including publicly highlighting companies that do not implement improvement measures.

Hyundai’s Ambitious Goals: Eyes IPO Indicator for Reform Efforts, Sets 2024 Sales Growth Target, and Plans 12.4 Trillion Won Investment

This succinct summary captures Hyundai’s multi-faceted approach, including the consideration of an indicator for companies’ reform efforts, a sales growth target for 2024 (4-5%), and a planned total investment of 12.4 trillion won for the year, covering capital expenditure and research and development.

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