Hyundai Motor files for IPO of almost $3 billion, likely India's biggest
6 months, 1 week ago

Hyundai Motor files for IPO of almost $3 billion, likely India's biggest

Hindustan Times  

South Korean automaker Hyundai Motor's Indian arm filed preliminary papers with Sebi for its initial public offering in which the company will sell 142.2 million shares, as per a draft red herring prospectus. Through the IPO, the automaker is seeking to raise around $3 billion in the IPO, with a potential listing planned by the end of the year, Bloomberg reported citing people in the know. The DHRP read as per Moneycontrol, “The objects of the offer are to carry out the Offer for Sale of up to 142,194,700 Equity Shares of the face value of ₹10 each by the Promoter Selling Shareholder and to achieve the benefits of listing the Equity Shares on the Stock Exchanges. Further, our Company expects that listing of the Equity Shares will enhance our visibility and brand image and provide liquidity and a public market for the Equity Shares in India.” In FY24, Hyundai Motor India Limited is India's second largest carmaker after Maruti Suzuki in terms of passenger sales volumes.

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History of this topic

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore
3 days, 23 hours ago

2024 Sees Record IPO Fundraising of Rs 1.8 Lakh Crore

Deccan Chronicle  

Chennai: Calendar year 2024 was a blockbuster year for the market as a record high Rs 1.8 lakh crore was raised through 317 Initial Public Offerings and Follow-on Public Offerings surpassing the previous record of Rs 1.3 lakh crore set in 2021. Against 2023, when 242 companies raised a total capital of Rs 57,600 crore, 2024 saw highest number of …

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?
1 week, 4 days ago

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?

India Today  

Today is the last day to bid for the initial public offering of Mobikwik IPO after it opened for subscription on Wednesday aiming to raise Rs 572 crore. Mobikwik IPO has seen very strong demand among investors and was fully booked within the first hour of opening for subscription. The Mobikwik IPO has been oversubscribed by 63.09 times, reflecting strong …

Mobikwik IPO day 2: GMP rises sharply, should you subscribe?
1 week, 5 days ago

Mobikwik IPO day 2: GMP rises sharply, should you subscribe?

India Today  

The initial public offering of Mobikwik Systems Limited continued to attract strong investor interest on its second bidding day, following an impressive start on December 11, 2024. MOBIKWIK IPO GMP SOARS The grey market premium for Mobikwik’s IPO surged to Rs 149 on Day 2, up from the previous day, indicating a potential 53.41% listing gain over the upper price …

Mobikwik IPO subscribed fully in less than 90 minutes of opening
1 week, 5 days ago

Mobikwik IPO subscribed fully in less than 90 minutes of opening

New Indian Express  

NEW DELHI: The initial oublic offer of fintech firm One Mobikwik Systems saw a strong participation from investors as the issue was fully subscribed in less than 90 minutes of opening on Wednesday. The Rs 8,000 crore IPO of supermarket chain Vishal Mega Mart saw 51% subscription at the end of the first day of bidding. The company already raised …

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in
1 week, 6 days ago

MobiKwik’s $67 million India IPO fully sold in first hour as retail investors rush in

Live Mint  

-Indian digital payments firm MobiKwik's 5.72 billion-rupee initial public offering was fully subscribed within the first hour of sale on Wednesday, as investors bet on strong growth prospects in India's booming online payments market. Retail investors placed bids for nearly five times the shares reserved for them, while the portion for non-institutional investors was fully sold, exchange data showed. India's …

Vishal Mega Mart IPO: Should you subscribe? Check latest GMP
1 week, 6 days ago

Vishal Mega Mart IPO: Should you subscribe? Check latest GMP

India Today  

The initial public offering of Vishal Mega Mart will open for bidding on Wednesday looking to raise Rs 8,000 crore, one of the biggest public listings this year. The Vishal Mega Mart IPO is entirely an offer for sale of 102.56 crore shares, which means the company will receive no capital from the listing and all proceeds will go to …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
2 weeks, 1 day ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence
2 weeks, 2 days ago

India’s IPO fundraising set for landmark year 2024: S&P Global Market Intelligence

Live Mint  

New Delhi, December 8 Fundraising via initial public offerings in India is set for another landmark year this 2024, asserted S&P Global Market Intelligence in a report. The listed companies raised a combined ₹1.4 trillion rupees, according to data compiled by S&P Global Market Intelligence. The IPO count this year grew over 22 per cent from 243 in 2023, while …

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue
2 weeks, 3 days ago

Upcoming IPO: LG Electronics India Submits Draft Papers For Maiden Issue

ABP News  

LG Electronics India on Friday submitted the draft papers for the maiden offer. The domestic wing of the South Korean major LG Electronics Inc filed the draft red herring prospectus for the initial public offering and industry sources stated that the issue size is likely to be more than Rs 15,000 crore. The firm in its draft papers noted, “Our …

LG India files paper with Sebi to launch an IPO
2 weeks, 4 days ago

LG India files paper with Sebi to launch an IPO

New Indian Express  

LG Electronics India Ltd, the Indian subsidiary of South Korea’s LG Electronics Inc., has filed draft papers with the Securities and Exchange Board of India to launch an initial public offering. With an issue size of Rs 15,000 crore, LG’s IPO would rank as the fifth largest in India’s history. The public issue is going to be offered for sale …

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs
2 weeks, 5 days ago

Hyundai Motor India to raise car prices by up to ₹25,000 across models from January 2025 due to rising costs

Live Mint  

Hyundai Motor India on December 5 said that it will hike prices of all its cars by up to ₹25,000 from January 2025, due to rising costs impacting profitability, according to a Reuters report. “At Hyundai Motor India, our endeavor is always to absorb rising costs to the extent possible, ensuring minimal impact on our customers. About Hyundai Motor India …

IPOs this week: One mainboard IPO, two SME IPOs and eight listings, including Suraksha Diagnostics upcoming on D-Street
3 weeks, 2 days ago

IPOs this week: One mainboard IPO, two SME IPOs and eight listings, including Suraksha Diagnostics upcoming on D-Street

Live Mint  

The Indian primary market is set to witness significant market activity related to the public listings of eight initial public offerings, including Suraksha Diagnostics, Apex Ecotech, Ganesh Infraworld, and Agarwal Toughened Glass India, etc. The stock market will also witness the opening of one mainboard IPO and two small and medium enterprise IPOs for public bidding starting Monday, December 2. …

IPOs to get larger after average size more than doubles to ₹2,000 crore this year: Kotak’s S Ramesh
4 weeks ago

IPOs to get larger after average size more than doubles to ₹2,000 crore this year: Kotak’s S Ramesh

Live Mint  

Initial public offerings in India are getting bigger, with their average size increasing to almost ₹2,000 crore so far in 2024, more than doubling from the average in 2023, said S Ramesh, managing director and CEO of Kotak Investment Banking. With more large firms and new-age companies looking to list over the next two years, the average IPO size is …

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices
Trending News
4 weeks ago

IPO Scorecard: Over 300 stocks debut on Dalal Street in 2024, nearly 70% trade above issue prices

Live Mint  

The year 2024 has emerged as a stellar one for the Indian primary market, witnessing an unprecedented surge in activity. Notably, 133 SME IPOs achieved subscription rates exceeding 100 times, with 23 surpassing an extraordinary 500 times in retail subscriptions, underscoring the massive retail participation in this segment. Reflecting the strong performance of SMEs, 156 IPOs are currently trading above …

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec
1 month ago

IPO Frenzy Continues, 10 Firms Plan To Raise Rs 20,000 Crore Via Maiden Issues In Dec

ABP News  

The IPO frenzy seems to not be ending any time soon. The primary market is expected to remain strong with at least 10 firms planning to raise a combined Rs 20,000 crore via maiden issues in the next month, merchant bankers revealed. The companies scheduled to launch their public offers include Vishal Mega Mart, NBFC Avanse Financial Services, International Gemmological …

IPO pipeline to remain strong; 10 companies aim to raise ₹20,000 cr in Dec
1 month ago

IPO pipeline to remain strong; 10 companies aim to raise ₹20,000 cr in Dec

Live Mint  

New Delhi, Nov 24 The primary market is expected to remain vibrant, with at least 10 companies, including supermart major Vishal Mega Mart and Blackstone-owned diamond grading firm International Gemmological Institute Ltd expected to raise a combined ₹20,000 crore in the next month, merchant bankers said. Education-focused NBFC Avanse Financial Services, TPG Capital-backed Sai Life Sciences, hospital chain operator Paras …

IPO Update: Kolkata-based Crizac refiles IPO papers with SEBI
1 month ago

IPO Update: Kolkata-based Crizac refiles IPO papers with SEBI

Live Mint  

IPO Update: Kolkata-based Crizac has refiled papers with market regulator Securities and Exchange Board of India for an initial public offering. In the six months ending September 30, 2023, as well as during the last three fiscal years, Crizac Limited facilitated enrollment applications from over 75 countries through its registered agents using its technology platform. The company's pro forma consolidated …

Hyundai India struggles to steer past margin woes
1 month ago

Hyundai India struggles to steer past margin woes

Live Mint  

Hyundai Motor India Ltd’s lukewarm stock market debut in October was followed by an equally underwhelming maiden quarterly performance. Read this | Maruti Suzuki banks on SUVs, CNG models to beat demand blues Hyundai India’s management anticipates low single-digit growth in the domestic passenger vehicle industry in FY25, citing a high base for previous year and ongoing near-term macroeconomic challenges. …

IPO watch: 9 issues listed in 2024 trade below their prices; these are the top losers
1 month ago

IPO watch: 9 issues listed in 2024 trade below their prices; these are the top losers

Live Mint  

IPO watch: Nine mainboard IPOs that debuted this year are currently trading below their issue prices and have decreased by more than 25%. 9 Stocks trading below their IPO price Popular Vehicle, which debuted on 19 March, began trading at a discount of ₹289.2 from its initial public offering price of ₹295 on the day it listed. In a similar …

Is the IPO craze over? Stock market correction hits public listings
1 month, 1 week ago

Is the IPO craze over? Stock market correction hits public listings

India Today  

India’s IPO market, which has been vibrant with activity in the current financial year, is facing challenges despite a year marked by blockbuster listings. “Regulatory changes by Sebi have curbed speculative buying, and valuations are now scrutinised more closely, leading to a focus on fundamentals rather than hype.” After the excitement generated by this year’s major IPOs, such as Hyundai …

Swiggy shines. Is the listing day curse of India's 'big' IPOs over?
1 month, 1 week ago

Swiggy shines. Is the listing day curse of India's 'big' IPOs over?

Firstpost  

Swiggy shares listed at a 5.6 per cent premium to its IPO price of Rs 390, making the food delivery giant the first company with issue of over Rs 10,000 crore in the past decade to have listed above the offer price Managing Director and Group Chief Executive Officer of Swiggy, Sriharsha Majety and Managing Director and CEO of National …

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall
1 month, 1 week ago

Hyundai Motor India profit drops 16% in Q2 as domestic sales, exports fall

Live Mint  

New Delhi: Hyundai Motor India Ltd, the country’s second-largest automaker, posted a 16% decline in its second-quarter net profit following its public listing last month, hurt by weak domestic demand and the Red Sea crisis that subdued exports. Domestic sales In the September quarter, Hyundai Motor India saw domestic sales fall 5.7% to 1.49 lakh units, while exports slid 17% …

Hyundai Motor India Share Price Today on 06-11-2024: Hyundai Motor India share price are up by 1.34%, Nifty up by 1.12%
1 month, 2 weeks ago

Hyundai Motor India Share Price Today on 06-11-2024: Hyundai Motor India share price are up by 1.34%, Nifty up by 1.12%

Live Mint  

Hyundai Motor India Share Price Today on 06-11-2024: At 06 Nov 16:00 today, Hyundai Motor India shares are trading at price ₹1853.4, 1.34% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing
1 month, 2 weeks ago

From Hyundai to Paytm: A look at India’s biggest IPOs that disappointed investors with weak listing

Live Mint  

The primary market in India is abuzz with the much anticipated initial public offering of Swiggy Ltd to be launched on November 6. Many of India’s biggest IPOs, including Hyundai Motor India, Paytm and Reliance Power have resulted in losses for investors. Here’s a look at the five biggest IPOs which faced weak listings: Hyundai Motor India IPO Hyundai Motor …

Four Mainboard IPOs, One SME IPO and One Listing to Keep Dalal Street Buzzing
1 month, 3 weeks ago

Four Mainboard IPOs, One SME IPO and One Listing to Keep Dalal Street Buzzing

Live Mint  

Four mainboard IPOs and one SME IPO are scheduled to take place next week on Dalal Street, with a combined issue size of ₹43,000 crore. The primary market remains abuzz, with six mainboard IPOs launched last month, including the ₹27,870.16 crore Hyundai Motor India IPO. The list of upcoming IPOs includes four mainboard companies and one SME IPO, with a …

21 Stocks Make Dalal Street Debut, With Strong IPO Momentum Despite Volatility
1 month, 4 weeks ago

21 Stocks Make Dalal Street Debut, With Strong IPO Momentum Despite Volatility

Live Mint  

Strong IPO surge continues, with 21 stocks making their debut on Dalal Street in October, despite broader market volatility. Hyundai India's IPO, the country's largest to date, received lukewarm retail interest, highlighting concerns about IPO valuation. However, several other IPOs with large issue sizes have achieved decent listing gains, showcasing the resilience of primary market activity.

Hyundai Motor's IPO: Should You Buy or Hold?
Trending News
2 months ago

Hyundai Motor's IPO: Should You Buy or Hold?

News 18  

Hyundai Motor shares recover after a weak debut on Tuesday. The stock moved up 5.92 per cent to hit a day high of Rs 1,928.15, but closed 6 per cent lower at Rs 1,820 from their listing price on Tuesday. Several brokerage firms have initiated coverage on Hyundai Motor with different price targets, ranging from Rs 1,750 to Rs 2,472. …

Hyundai Motor India IPO: A Milestone for the Indian Stock Market
Trending News
2 months ago

Hyundai Motor India IPO: A Milestone for the Indian Stock Market

Live Mint  

Hyundai Motor India's IPO is a significant milestone for the Indian stock market, showcasing its depth and liquidity. The IPO, which raised ₹27,870 crore, was oversubscribed by 6.97 times, indicating strong interest from institutional investors. However, the retail segment saw a relatively muted response, with the subscription for retail investors at 0.5 times. The IPO has sparked discussions about its …

Venture Capital Firms Encourage Startups to Go Public in a Bull Market
2 months ago

Venture Capital Firms Encourage Startups to Go Public in a Bull Market

Live Mint  

Venture capital investors are increasingly encouraging some of their early- to mid-stage portfolio startups, such as IntrCity, BHive, and Leverage Edu, to go public. Startups can take advantage of a bullish stock market and return capital to their investors through an IPO. However, the IPO market is hot, and startups must be prepared to meet investor expectations. Some startups are …

Hyundai's IPO Shares Dip, but Strong Demand from Institutions
2 months ago

Hyundai's IPO Shares Dip, but Strong Demand from Institutions

News 18  

Hyundai India's IPO shares trade at a discount, with the IPO price now at 1.5% lower than its initial offering price. The IPO was oversubscribed more than twice, but book-building was slower than anticipated, with retail investors only buying half of the portion that had been reserved for them. The grey market premium for Hyundai IPO has fallen to 2 …

Hyundai Motor India's IPO: A $3.3 Billion Milestone for India's Automotive Landscape
Top News
2 months ago

Hyundai Motor India's IPO: A $3.3 Billion Milestone for India's Automotive Landscape

ABP News  

Hyundai Motor India's IPO opens on Tuesday, marking the largest IPO in India's history. The offering, which valued the Indian unit of South Korea's Hyundai Motor Co. at approximately $19 billion, attracted strong demand from institutional investors but was slower than expected due to retail investors' limited participation. Despite the valuation challenges, Hyundai's IPO raises Rs 27,900 crore, surpassing the …

India accounted for 25% of global IPOs in first half of 2024
3 months, 1 week ago

India accounted for 25% of global IPOs in first half of 2024

Hindustan Times  

The Initial Public Offering market in India has turned out to be an outlier in itself and is bucking the subdued global public issue trends. A report released by wealth management firm Angel One Wealth noted that while the global IPO market peaked in 2021, India has been the outlier with public listings in the last year because of strong …

IPO: Western Carriers India Sees Muted Response From Investors, Check GMP, Price Band And Other Details
3 months, 1 week ago

IPO: Western Carriers India Sees Muted Response From Investors, Check GMP, Price Band And Other Details

ABP News  

Western Carriers India saw a muted response from investors as the subscription window for the initial public offering continued on its second day of bidding. The company’s IPO includes a fresh issue of equity worth Rs 400 crore and an offer-for-sale of up to 54 lakh equity shares. However, the portion set aside for qualified institutional bidders remained the least …

Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore
3 months, 2 weeks ago

Upcoming IPO: Hexaware Tech Submits Draft Papers For Issue Worth Rs 9,950 Crore

ABP News  

Hexaware Technologies submitted its draft papers for its initial public offering with the Securities and Exchange Board of India. Backed by private equity firm Carlyle Group, the company filed preliminary documents for its maiden offer worth Rs 9,950 crore with the capital markets regulator. If successful, the maiden offering would be the largest in the Indian IT services sector since …

Upcoming IPO: Shree Tirupati Balajee Offer Open For Bidding From Sep 5, Check Price Band And Details
3 months, 2 weeks ago

Upcoming IPO: Shree Tirupati Balajee Offer Open For Bidding From Sep 5, Check Price Band And Details

ABP News  

Shree Tirupati Balajee Agro Company is set to list its initial public offering in the stock market next week. The maiden offering includes a fresh issue of 1.47 crore equity shares worth Rs 122.42 crore and an offer-for-sale of 56.9 lakh equity shares coming up to Ts 47.23 crore. The company plans to raise Rs 169.65 crore via the public …

Bajaj Housing Finance IPO: Firm Reveals Price Band For Upcoming Issue, Check Details Here
3 months, 3 weeks ago

Bajaj Housing Finance IPO: Firm Reveals Price Band For Upcoming Issue, Check Details Here

ABP News  

Bajaj Housing Finance has announced the price band for its much-awaited IPO, scheduled to be available for subscription from Monday. The company’s public listing will comprise a fresh issue of equity shares worth Rs 3,560 crore and an offer-for-sale of shares worth Rs 3,000 crore. The issue’s book-running lead managers include BofA Securities Pvt Ltd, Axis Capital Ltd, Kotak Mahindra …

Most IPO shares sold in 7 days, 70% within a year; top investors from Gujarat
3 months, 3 weeks ago

Most IPO shares sold in 7 days, 70% within a year; top investors from Gujarat

Hindustan Times  

A majority of investors who receive an allotment of shares in an initial public offering sell their shares within a week, a study conducted by the Securities and Exchange Board of India on 144 IPOs listed between April 2021 and December 2023 showed. A Sebi study on 144 IPOs from April 2021 to December 2023 found most investors sell shares …

Rekha Jhunjhunwala-backed Baazar Style Retail may launch IPO this week: Report
4 months ago

Rekha Jhunjhunwala-backed Baazar Style Retail may launch IPO this week: Report

Hindustan Times  

Rekha Jhunjhunwala-backed Baazar Style Retail is reportedly launching its initial public offering this week. The company had filed its draft red herring prospectus in May this year as per which the proposed IPO comprises a fresh issue of equity shares worth ₹185 crore and an offer for sale of up to 1.68 crore shares by promoter group entities and other …

Self-driving company WeRide on track for US IPO
4 months, 1 week ago

Self-driving company WeRide on track for US IPO

China Daily  

Visitors observe a WeRide robobus at the second Global Digital Trade Expo in Hangzhou, Zhejiang province, on Nov 23. LONG WEI/FOR CHINA DAILY Chinese autonomous driving company WeRide is looking for its shares to take a ride on the Nasdaq. WeRide, based in Guangzhou in South China's Guangdong province, plans to offer 6.45 million American depositary shares, or ADS, at …

Self-driving company WeRide on track for US IPO
4 months, 1 week ago

Self-driving company WeRide on track for US IPO

China Daily  

Visitors observe a WeRide robobus at the second Global Digital Trade Expo in Hangzhou, Zhejiang province, on Nov 23. LONG WEI/FOR CHINA DAILY Chinese autonomous driving company WeRide is looking for its shares to take a ride on the Nasdaq. WeRide, based in Guangzhou in South China's Guangdong province, plans to offer 6.45 million American depositary shares, or ADS, at …

Much hyped Ola IPO subscribed 4.26 times
4 months, 2 weeks ago

Much hyped Ola IPO subscribed 4.26 times

New Indian Express  

MUMBAI: The much anticipated initial public offering of Ola Electric was subscribed 4.26 times on the final day of bidding, receiving bids for 198.16 crore equity shares against 46.52 crore shares on offer. The low subscription level came despite the leading electric two-wheeler company’s valuation eased to about $4 billion ahead of the Rs 6,145 crore IPO. Elara Securities in …

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion
4 months, 3 weeks ago

Ola Electric to launch IPO next week, valuation seen at around $4.4 billion

The Hindu  

SoftBank-backed Ola Electric's IPO will open for retail subscription on Aug. 2, the electric scooter maker said on July 27, 2024, a stock offering that according to two sources will value the company between $4.2 billion to $4.4 billion. Ola's expected valuation is about 18.5% to 22% lower than in its last funding round in September, which was led by …

Ola Electric may set valuation at around $4.5 billion for IPO: Report
5 months, 1 week ago

Ola Electric may set valuation at around $4.5 billion for IPO: Report

Hindustan Times  

Ola Electric is likely to value the company at around $4.5 billion for its upcoming initial public offering, it was reported. Ola Electric IPO: Ola Electric received official approval from market regulator Securities Exchange Board of India for its initial public offering. Earlier it was reported that Ola Electric received official approval from market regulator Securities Exchange Board of India …

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies
5 months, 1 week ago

Reliance Jio IPO: Listins likely by 2025 at $112 billion valuation, says Jefferies

Hindustan Times  

Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering in 2025. Jio 'could list at $112 billion valuation' and add '7-15 percent upside' to the Reliance Industries share price, the brokerage said. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, India. "Jio leading …

Hyundai Motor breaks sales records in India as IPO looms
5 months, 2 weeks ago

Hyundai Motor breaks sales records in India as IPO looms

India TV News  

Hyundai Motor, South Korea's top automaker, achieved record-breaking sales in India during the first half of 2024, according to industry data released on Sunday. According to data from the Federation of Automobile Dealers Associations of India, Hyundai sold 272,207 units in India from January to June this year, up 2 per cent compared to the 266,760 units sold in the …

Ola Electric faces investor pushback on IPO valuation: Report
6 months ago

Ola Electric faces investor pushback on IPO valuation: Report

Hindustan Times  

Ola Electric Mobility, India’s largest electric scooter maker, is facing investor pushback on its targeted valuation for its upcoming IPO, people familiar with the matter told Bloomberg. At this rate, Ola Electric’s current investors may opt not to sell existing shares in the company, the people told Bloomberg. The background Backed by SoftBank Group Corp. and Tiger Global Management, Ola …

Hyundai: India’s biggest IPO could come from South Korean car manufacturer
6 months, 1 week ago

Hyundai: India’s biggest IPO could come from South Korean car manufacturer

CNN  

Hyundai Motor’s India unit sought regulatory approval on Saturday for a stock market listing in Mumbai, which could be the nation’s biggest and will see the South Korean parent sell a stake of up to 17.5% in the company. Hyundai, India’s second-biggest car maker behind Maruti Suzuki, will not issue new shares in the IPO, which will involve its South …

IPO: Godavari Biorefineries Submits Draft Papers With SEBI For Maiden Offer
6 months, 1 week ago

IPO: Godavari Biorefineries Submits Draft Papers With SEBI For Maiden Offer

ABP News  

Godavari Biorefineries Ltd submitted the draft papers for its maiden initial public offering with the Securities and Exchange Board of India. The firm, involved in manufacturing of ethanol-based chemicals, sought approval from the regulator for the fresh listing and filed a draft red herring prospectus to capitalise funds via the offering. The firm’s maiden offer comprised a fresh issue of …

Hyundai Motor India files paper to raise Rs 25,000 crore via IPO
6 months, 1 week ago

Hyundai Motor India files paper to raise Rs 25,000 crore via IPO

New Indian Express  

NEW DELHI: South Korean automaker Hyundai Motor India is said to have filed draft papers for an initial public offering for its India unit ) with capital markets regulator SEBI on Friday. According to reports, Hyundai is likely to sell 14.2 million shares or 17.5% stake in order to raise Rs 25,000 crore via this IPO which also will be …

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