Hyundai Motor India's IPO is set to open next week, with a price range expected between Rs 1,865 and Rs 1,960 ($22 to $23) per share, sources revealed on Tuesday. The offering could value the automaker at up to $19 billion, making it the largest IPO in India this year.
The $3 billion IPO will open for big institutional investors on October 14, with retail and other investors able to bid from October 15-17, according to three sources familiar with the matter. At the top end of the price range, Hyundai Motor India would be valued at approximately $19 billion. (Source: Reuters)
Comments
Post a Comment