Rs 25000 crore! This company is set to bring IPO larger than LIC, Paytm, the IPO of LIC was worth Rs ..

IPO News: Hyundai’s Indian unit, Hyundai Motors Indiaone of the renowned auto companies in India, is all set to launch the country’s largest IPO. According to the reports, the company submitted draft papers to SEBI, and now it has received approval from the market regulator. The company plans to raise around USD 3 billion (approximately Rs 25,000 crore) from the Indian stock market through the IPO. Previously, the title of the largest IPO in the country was held by Life Insurance Corporation of India (LIC).

Notable, LIC holds the record for the largest IPO in the history of the Indian market, which launched its IPO in 2022, raising USD 2.7 billion. However, this record is about to be broken as the automotive giant Hyundai Motors is set to bring its IPO (Hyundai Motors India IPO).