Hyundai Motor India Limited (HMIL) has made its debut in the Indian Stock market with the tag of being the largest IPO ever. The IPO is worth a whopping Rs 27,856 Crore. In comparison, LIC was the previous largest IPO in India with a value of Rs 20,557 Crore in May 2022. With the latest IPO, the Korean auto giant welcomes retail and institutional investors to partake in the ownership of the rapidly expanding company. Hyundai is India’s second largest car marque. It has retained that position for a long time now.
Hyundai Motor India Limited IPO
The anticipation had been high for the past few months since Hyundai announced that it will IPO. Retail investors were applying to get the IPO vehemently. In India, we have seen an increased interest in people trying to get the IPO of well-known firms. There have been enough stories about investors making huge gains after a company goes public in recent times. Hence, there is an overwhelming public participation in such events. Unfortunately, not everyone is able to secure the IPO.
Nevertheless, people can still participate afterwards and add these stocks to their portfolios after conducting deep research about the technical and fundamental analysis of any firm. Hyundai has been expanding its portfolio in India, and across the world, consistently for several years now. In fact, it is one of the most successful legacy car marques on the planet to attract new buyers due to its electric cars, as well as ICE cars. Its E-GMP architecture has been instrumental in the fact that it has launched many EVs across various international markets including India.
Going forward, the Korean automaker continues to be optimistic about electric mobility. Not only that, it still continues to focuses on its diesel powertrains, a segment which a lot of carmakers are shying away from, along with alternative fuel source-powered cars like CNG. In fact, its CNG portfolio is now larger than ever in India. Hence, it is making sure that it can cater to all kinds of potential car buyers until EVs become the norm. This transition phase certainly needs volume contributions from every pocket of the market. We shall keep an eye out for how things pan out for Hyundai as a carmaker, as well as a public company.
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