Hyundai Motor India is set to launch one of the most anticipated IPOs in India, opening on October 15 and closing on October 17, 2024. The IPO is an offer for sale of 142.19 million shares, raising Rs 27,870 crore, with a price band of Rs 1,865 to Rs 1,960 per share.
Mirae Asset has flagged potential risks, including a conflict of interest between Hyundai and its affiliate companies, Kia Corporation and Kia India, both operating in similar markets. Rising costs of parts and materials and Hyundai's dependency on specific suppliers could also affect business operations. Retail investors need at least Rs 13,720 to participate in this IPO.