Hyundai Motor India is launching a massive $3.3 billion IPO, attracting big names like BlackRock Inc. and Singapore's GIC Pte, who have placed bids for shares.
The IPO, set to be the largest ever in India, opens next week with shares expected to start trading on October 22. The price range for the offering is between ₹1,865 and ₹1,960 per share, valuing Hyundai Motor India at around $19 billion. The anchor book, fully allocated, splits equally between domestic and international institutional investors, securing strong early interest.