Opportunity to earn bumper in festive season! Keep your money ready, the date of the country’s biggest IPO has arrived – Hyundai Motor India may launch country’s biggest IPO on October 14 check all details here

by times news cr

2024-10-06 02:12:02
New Delhi: South Korean auto company Hyundai’s Rs 25,000 crore IPO of Hyundai Motor India may come on October 14. People associated with the case gave this information on Thursday. This will be India’s largest IPO. Currently, LIC’s share sale worth Rs 21,000 crore is considered the biggest IPO. Hyundai had applied for IPO approval to SEBI in June. If this IPO is successful, it will be the first IPO of an auto company in India in more than two decades. Earlier, the country’s largest car manufacturer Maruti Suzuki had launched an IPO in the year 2003. This issue of Hyundai will be a complete offer for sale. In this, promoter company Hyundai Motor Company will sell 142,194,700 equity shares. Hyundai is planning to raise about three billion dollars through this. Under this, the company can sell 15 to 20 percent stake. Hyundai is the second largest auto company in the country. Hyundai Motor India will not make any money from this IPO as it is completely OFS. SEBI had given approval for this IPO on 24 September. Hyundai Motor was started in India in 1996.

IPO worth Rs 25000 crore, country’s largest IPO gets SEBI approval, know who is this company

RKRN rose 117% in the first day of trading

Shares of KRN Heat Exchanger And Refrigeration closed with a jump of more than 117% from its issue price of Rs 220 on Thursday, its first day in the market. The company’s shares were listed on BSE at Rs 470, which is an increase of 113.63% from the issue price. Later it rose by 133.36% to reach Rs 513.40 and finally closed at Rs 478.45 with a jump of 117.47%.

RGaruda’s IPO will open on October 8.

RGaruda Construction and Engineering has set a price range of Rs 92-95 per share for its Rs 264 crore IPO. The company announced on Thursday that its IPO will open on October 8 and close on October 10.

You may also like

Leave a Comment