Hyundai Motor India has set a price range of 1,865 rupees ($22) to 1,960 rupees ($23) for its initial public offering (IPO) that opens next week for subscriptions, a advertisement in the Financial Express newspaper showed on Wednesday.

Hyundai Motor Co. is seeking to raise as much as $3.3 billion through an initial public offering of its Indian unit, people familiar with the matter said, kicking off the country’s biggest-ever listing.

Hyundai aims to reach production of about 1 million units a year with the acquisition of a former General Motors plant in western Maharashtra state

Hyundai Motor India will launch its IPO next week, marking parent Hyundai's first listing outside South Korea and India's first carmaker IPO since 2003. The $3 billion IPO would offer shares at a price range of 1,

Hyundai Motor India has set its IPO price band between Rs 1,865 and Rs 1,960 per share, aiming to raise Rs 27,870 crore. The offering, one of the largest in recent times, is generating strong demand with a grey market premium of Rs 147 per share,

The three-day IPO of Hyundai Motor India will open for subscription on October 15, while the tentative listing date is October 22, 2024.

The IPO will be open for public subscription for three days, from October 15 to October 17, 2024. The shares are expected to list on the BSE and NSE on October 22, 2024. The IPO will be entirely an offer for sale,

Hyundai Motor India will launch its IPO next week, marking parent Hyundai's first listing outside South Korea and India's first carmaker IPO since 2003.

Hyundai aims to raise $3.3 billion in its initial public offering of its India unit, reports said Tuesday, which would make it the country's biggest stock market debut.