Hyundai's IPO is India's largest stock market debut, raising $3.3 billion, as it seeks to strengthen its foothold in India's growing auto sector.
The IPO comprises 142 million shares, representing 17.5% of Hyundai's Indian arm, with a retail bidding price between 1,865 - 1,960 rupees per share.
Hyundai aims to close the market share gap with Maruti Suzuki as it sold over 605,000 vehicles in India last year, a 9% increase.
India's auto sector is the third largest globally, driven by a large consumer base and urbanization, making it a key area for Hyundai's manufacturing.
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