Top Upcoming IPOs to Keep an Eye On in 2024: Hyundai, Swiggy, and Others
5 Major IPOs Ready to Illuminate Dalal Street Before 2024 Ends 1. Hyundai Motors India IPO Hyundai Motors India, a subsidiary of the South Korean automotive giant Hyundai Motor Company, is preparing for a landmark initial public offering (IPO). The company has received approval from the Securities and Exchange Board of India (SEBI) to launch its IPO, which is expected to be one of the largest in the Indian market. Key Details of the Hyundai Motors IPO : Offer-for-Sale (OFS): The IPO will be an OFS, where Hyundai Motor Company will sell a portion of its shares to the public. Valuation: The company is estimated to have a valuation of around $20 billion, making it one of the most valuable companies in India. Fundraising Target: Hyundai Motors India aims to raise approximately $3 billion (around Rs 25,000 crore) through the IPO. Timing: The IPO is expected to take place in October 2024. Significance of the Hyundai Motors IPO: Market Leadership: ...