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Hyundai seeks expansion, higher valuation with India IPO
Livemint
·
1y ago
Medial
Hyundai Motor is planning a $3 billion IPO in India to expand in one of the fastest-growing markets globally and address the "Korea discount" affecting its valuation at home. The IPO will help Hyundai accelerate its growth in India, reduce reliance on its parent company for funds, and fund the launch of electric vehicles and infrastructure in the country. Hyundai's valuation for the India unit IPO is estimated to be around $30 billion, potentially boosting valuations back in South Korea. The IPO plans come amid India's surging stock markets and aim to address the lower valuations typically associated with South Korean companies.
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Hyundai to launch $3 bn India IPO next week, targets $19 bn valuation
VCCircle
·
9m ago
Medial
- Hyundai's India IPO is set to open for subscriptions next week, aiming for a valuation of up to $19 billion. - The IPO will be Hyundai's first stock market listing outside South Korea and the first carmaker IPO in India in two decades. - The $3 billion IPO will be available for institutional investors from Oct. 14, with bids from retail and other categories accepted from Oct. 15-17. - At the upper end of the price range, Hyundai will be valued at approximately $19 billion, with trading scheduled to start on Oct. 22. - Hyundai plans to regain market share in India through the expansion of its SUV lineup and the introduction of electric and gasoline-powered models tailored to the Indian market. - The IPO will not involve the issuance of new shares, with Hyundai's South Korean parent company selling up to 17.5% of its stake in the wholly owned Indian unit.
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Hyundai starts setting the stage for India’s biggest IPO
Livemint
·
1y ago
Medial
Hyundai Motor Co. is planning to invite analysts to its manufacturing facility in Chennai as it prepares for India's largest initial public offering (IPO). Hyundai Motor India aims to file a draft red herring prospectus for its $3-3.5 billion IPO in June, with the goal of completing its share market listing ahead of Diwali. The IPO will enable Hyundai to enhance its market value and boost its valuation, in line with the South Korean government’s 'corporate value-up' programme. The move is seen as a sign of the potential for value-realization in India's passenger vehicle market.
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Hyundai India IPO bankers set for big payday with $40-mn fee
VCCircle
·
1y ago
Medial
Banks advising Hyundai on its India IPO are expected to earn up to $40 million in fees. This would be the second-highest fee ever for investment banks working on an IPO in India, reflecting the surge in equity deals in the country. Hyundai India is looking to raise up to $3 billion at a valuation of $30 billion through the IPO. The lead banks on the deal include JPMorgan, Citigroup, and HSBC. The expected fee payout from this IPO alone would represent a significant portion of India's total IPO fee income in 2023.
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Grapevine: Ola seeks investor nod for listing; BlackRock among bidders in Hyundai India IPO
VCCircle
·
9m ago
Medial
- Ola seeks investor approval for a change in registration to a public company, potentially paving the way for an IPO. - Investors including SoftBank, Tiger Global, and Z47 (formerly Matrix Partner India) back Ola. - The management of Ola is in the process of selecting bankers for the IPO. - BlackRock is among the bidders for the IPO of Hyundai India. - The Arc reported on Ola's move towards a potential listing and IPO.
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Hyundai Motor India expected to file draft IPO papers with Sebi today
Livemint
·
1y ago
Medial
Hyundai Motor India Ltd. is expected to file draft papers for its initial public offering (IPO) by Friday, which could potentially be the biggest share sale in the country. The IPO, initially estimated at $3-3.5 billion, is now expected to be closer to $2.5-3 billion. Hyundai aims to provide potential investors with its growth strategy and plans for product development and market expansion. This IPO is crucial for Hyundai as it aims to compete against established automotive giants and enhance its market value. Additionally, the IPO will generate capital for shareholder returns and set a precedent for other Korean companies seeking international listings.
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The Hyundai Motor IPO: How the valuations took a reality check
Livemint
·
10m ago
Medial
Hyundai Motor India Ltd is facing challenges as India's demand for hatchbacks and sedans has decreased. The company's expected valuation for its upcoming initial public offering (IPO) has been reduced from $25-30 billion to $16-20 billion due to falling demand and limited production capacity. Hyundai is also facing competition from rivals with more new models in the pipeline. Although the company has good global capabilities and a strong franchise, its market share has been eroding. However, investors are still interested in Hyundai's IPO, recognizing its potential for growth despite market challenges.
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Hyundai Motor's stake in Ola Electric worth $99 million post IPO
Inshorts
·
11m ago
Medial
Hyundai Motor Company's 2.95% stake in Ola Electric is worth roughly $99 million after the electric two-wheeler maker launched its IPO on August 2. The value is based on the higher end of the IPO's price band at ₹76 per share. The ₹6,145-crore IPO was subscribed 35% on Friday, with the retail portion subscribed 1.57 times.
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Swiggy, Hyundai, InCred in IPO news; Jupiter eyes SBM India
VCCircle
·
9m ago
Medial
Swiggy has received approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO) of shares. The IPO is expected to be launched in November, with discussions underway with anchor investors. In other IPO news, Hyundai is reportedly considering an IPO for its robotics unit Hyundai Robo, while digital lender InCred is said to be planning a $250 million IPO in 2022. Additionally, digital banking platform Jupiter is eyeing an IPO to acquire the Indian unit of SBM Holdings.
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Hyundai under pressure from Tata, Mahindra as $3.5 billion India IPO looms
Livemint
·
1y ago
Medial
Indian automakers Tata Motors and Mahindra & Mahindra are closing in on Hyundai's position as the second-largest automobile manufacturer in India. The competition comes as Hyundai prepares for a $3.5 billion IPO of its local unit. While Hyundai has long battled with Tata Motors for the second spot, Mahindra has been steadily climbing up the charts due to the increasing popularity of larger passenger vehicles in India. This tussle for sales in India, one of the world's fastest-growing automobile markets, comes as Hyundai plans to gauge investor interest ahead of its expected IPO later this year.
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Hyundai India Shares May Throttle on Back of Bold Expansion, Launch Plans
OutlookIndia
·
1m ago
Medial
Hyundai Motor India plans to launch 26 new models, including 20 internal combustion engine cars and 6 electric/hybrid vehicles, by FY30 to reclaim its No. 2 position in the Indian automotive market. This expansion, amid competition from Mahindra & Mahindra and Tata Motors, is aimed at strengthening Hyundai's market presence. Despite a 4% YoY net profit decline due to rising costs, the company anticipates domestic growth aligning with industry estimates while targeting higher export volume growth.
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