Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Oil Prices Rally as Brent Nears $100 on U.S.-Iran Escalation 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
UK Food Inflation Forecast to Hit 6.4% by Mid-2027 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
German Inflation Accelerates to 2.9% in August 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Oil Prices Hold Near Highs as U.S.-Iran Conflict Escalates 
Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Add as a preferred source on Google
Hyundai Motor India has announced a share price of ₹1,960 for its upcoming initial public offering (IPO), aiming to raise approximately $3.3 billion. This pricing aligns with the upper end of the previously indicated range of ₹1,865 to ₹1,960, highlighting strong investor interest.
Largest IPO in India’s History
With a total of 142.2 million shares being offered, this IPO is set to become the largest in India by funds raised. The South Korean parent company, Hyundai Motor Corp, will sell about 17.5% of its wholly-owned Indian subsidiary, valuing it at around $19 billion. Following this share sale, Hyundai India is projected to represent about 40% of Hyundai Motor's total market capitalization.
Strong Demand from Investors
Initial reports indicate that anchor investors have already committed approximately $989 million in shares at the set price of ₹1,960. This significant backing underscores the confidence in Hyundai India's growth potential and the overall appeal of the Indian market.
Hyundai India has yet to issue new shares as part of the IPO, focusing solely on the sale of existing shares by its parent company. The company did not respond to requests for comments, keeping the details of the offering closely guarded.
As Hyundai Motor India gears up for its IPO, industry watchers are keenly anticipating its impact on the stock market and the broader automotive sector in India.
