- Boomboom in IPO market, best way of earning for investors in primary market with equity
- Hyundai's IPO price band could be Rs 1700-1750, gray-market premium calling begins
The year 2024 is proving to be excellent for investors. In the equity market, Sensex and Nifty are getting an average return of 20 percent, while gold and silver are getting an average return of 22-23 percent, in the primary market, investors are earning only earnings.
On an average, 260 held IPOs in 2024 have provided excellent returns to investors. Sebi's IPO of auto sector Hyundai Motor's Rs 25000 crore and Swiggy's Rs 11700 crore IPO has been given green light. Swiggy's IPO will also become the fifth largest IPO in the country. IPO expert Paresh Vaghani pointed out that Hyundai's IPO price band could be around Rs.1700-1750.
Market regulator Sebi has cleared the IPOs of car maker Hyundai Motors and food delivery company Swiggy. The IPO is expected to be launched next month i.e. October. This IPO will be the largest IPO in the country after LIC. The size of LIC's IPO was 21 thousand crores which came in 2022.
Company shares will be offered under offer-for-sale (OFS). An average of 17 percent equity reduction is expected. Hyundai has already started charging 3000-3500 on an application of 15000 and more than Rs.25000 on an application of 10 lakh.
Hyundai's market cap expected to reach 1.5 lakh crore, Maruti tops An offer of approximately $3 billion for a 17 percent stake will increase the company's market cap to approximately $18 billion, i.e. Rs. It is expected to take up to 1.5 lakh crore. According to a BSE report, currently India's largest automaker Maruti Suzuki has a market cap of Rs.4 lakh crore, Mahindra & Mahindra has a market cap of Rs. 3.8 lakh crore and Tata Motors Rs. 3.6 lakh crores.
Hyundai Rs. 32 thousand crore will be invested, production capacity will be increased Hyundai plans to invest 32 thousand crore rupees in India. The company bought the Maharashtra factory from GM last year. The cost of running and manufacturing this factory will also be a part of the company's funds to invest in India. The company aims to increase the annual production to one million units by 2025.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
