IPO: Hyundai India's IPO will be an offer for sale by Hyundai's Korean parent company. No new shares will be issued by the company.

Hyundai Motor IPO: India's biggest IPO is going to hit the market soon, as market regulator SEBI has approved Hyundai Motor's draft red herring prospectus of Rs 25,000 crore offer-sale. The IPO is expected to be launched in October. The upcoming IPO of South Korean automobile company Hyundai can break the record of LIC's $2.7 billion listing. Let us tell you that till now the biggest IPO in the stock market was of LIC, which was an IPO of Rs 21,008 crore.

Paytm had brought an IPO of 18300 crores.

After LIC, One97 (Paytm's parent company) had launched an IPO of Rs 18,300 crore. Paytm's IPO came in the market in November 2021. Apart from this, Coal India's Rs 15,199 crore IPO came in November 2010 and Reliance Power's Rs 11,563 crore IPO came in February 2008. For Hyundai India's IPO, there will be a sale proposal from Hyundai's Korean parent company. No new shares will be issued by the company.

Maruti has the highest market cap of Rs 4 lakh crore

. The company is expected to dilute about 17% of its equity through the proposal. The estimated $3 billion proposal for a 17% stake is expected to value the company at around $18 billion. Currently, the country's largest automaker Maruti Suzuki has a market cap of close to Rs 4 lakh crore. It is followed by Mahindra & Mahindra at Rs 3.8 lakh crore and Tata Motors at Rs 3.6 lakh crore.

Hyundai has hinted at its expansion plan before the IPO. The company had said that by 2025, its annual production in the country will be increased to one million units. With a focus on affordable electric cars, the company is planning to manufacture locally from 2025. The company has planned to spend Rs 32,000 crore to expand its business in India. With this money, the company will open a new factory in Maharashtra. The company bought this factory from General Motors last year.