How Hyundai India IPO may affect Maruti Suzuki, Tata Motors and M&M shares?
Hyundai India IPO: The Indian primary market is on the cusp of a historic event as it will witness the biggest-ever initial public offering (IPO) in the country. According to stock market experts, Hyundai India is offloading around 13 per cent of its stake in the upcoming IPO.
Still, the giant size of the company would enable the company to generate nearly ₹25,000 crore, leaving LIC — the biggest-ever IPO of India — by a considerable margin. Experts added that Hyundai India IPO valuations indicate that the upcoming auto stock in the Indian market may outperform its leading peers like Maruti Suzuki, Tata Motors, Mahindra & Mahindra (M&M), etc.Speaking on Hyundai India IPO size and other details, Sandeep Pandey, Founder of Basav Capital, said, "Hyundai India IPO is going to create a history in the Indian primary market as the upcoming IPO is tipped to trump LIC's existing record of biggest-ever IPO in the Indian primary market.
As per the company's financials, HHyundai India IPO valuations would be around ₹25,000 crore. The company is expected to generate a whopping amount by diluting its 13 percent stake.
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