Hyundai Motor India IPO Price Range

Hyundai Motor India has announced a price range for its initial public offering (IPO) set between 1,865 rupees ($22) and 1,960 rupees ($23). This announcement was made via an advertisement in the Financial Express newspaper.

The company is offering a discount of 186 rupees per share to eligible employees participating in the IPO.

This IPO, valued at $3 billion, is noted to be the largest in India’s history. Subscriptions will open for large institutional investors on October 14, while retail and other categories can place bids from October 15 to 17.