Hyundai Motor Co. is seeking a valuation of $19 billion for the initial public offering of its India unit, people familiar with the matter said, in what could be the nation’s biggest share sale.

Hyundai Motor India aims to raise ₹25,000 crore through the proposed initial public offering. This would be the largest IPO in India after LIC’s initial share sale of ₹21,000 crore.

Hyundai Motor Co. plans a massive IPO for its India unit, aiming for a $19 billion( approximately Rs1.58 lakh crore) valuation, potentially raising $3.3 billion. With a listing set for October 22 in Mumbai,

Hyundai Motor Company seeks a $19 billion valuation for Hyundai Motor Indias biggest IPO, aimed at raising $3.3 billion by selling a 17.5% stake. The listing, expected on October 22 in Mumbai, anticipates significant interest from foreign and local investors,

The Hyundai Motor India IPO will mark the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003

During the nine months to December in FY24, at Rs 75,000, the net profit earned by Hyundai’s India subsidiary was 25% more than Maruti Suzuki at Rs 60,150.

Hyundai Motor Company (HYMTF, 005380.KS) is continuing its global expansion, with plans for an initial public offering (IPO) of its India unit. The South Korean automaker is seeking a valuation of $19 billion for this subsidiary,

The South Korean parent is diluting some of the stake through the OFS route. Since the public issue is completely an OFS, Hyundai Motor India Ltd, which is the second largest carmaker in India after Maruti Suzuki India,

Hyundai India IPO will offer 14.2 crore shares, representing a 17.5% stake, with a face value of Rs 10 each, as detailed in the draft red herring prospectus submitted to the markets regulator in June.

This Hyundai Motor India IPO marks a significant milestone for the Indian auto industry, as it is the first automaker's initial share sale in over two decades, following Japanese automaker Maruti Suzuki's listing in 2003.

Hyundai’s Indian arm is eyeing to raise $3 billion, around Rs 25,000 crore through its initial stake sale. The issue is entirely an offer-for-sale (OFS) by the promoter Hyundai Motor Company.