How a South Korean company brought the biggest IPO in India
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Today, on 15 October, Hyundai Motor India Limited Company has launched 14.2 crore shares in India, through which they are going to take about 27000 crores from the Indian market, but is this money taken by a South Korean company going to keep it in India or take it to their country? We will understand and read everything in detail in today’s article.
We are also going to know whether this IPO that has come to India is beneficial for you or something else is happening in front of this IPO. Detail in this article
If there is anyone in India who is the second largest car manufacturer after Maruti, then its name is Hyundai Company.
Today they have two plants in the country from where they make about 6 lakh cars in a year, in the coming time they are going to make 10 lakh cars and not only in India but also send cars abroad from here. If the Government of India focuses on Making in India If it does, it manufactures cars in India and sells them abroad as well. That company is HYUNDAI, a South Korean company but it operates in the Indian market and sells goods from India to foreign countries.
A South Korean company is registered in India under the name of HYUNDAI Motor India Limited and reaches the Indian stock market. Today it reaches the Mumbai Stock Exchange and National Stock Exchange of India for listing. You can buy its shares between 15th and 17th. On 22nd you will know whether you have got its shares or not. But the big question is whether you should take interest on its shares or not because ultimately, until you do not understand about the company, you will not know whether your investment is right or wrong.
Who is the owner of HYUNDAI?
It is HYUNDAI Motor Limited. This is a South Korean company. The same South Korean company which is the parent of the HYUNDAI company.
This company has been manufacturing since 1947. This car manufacturing company is among the top 3 companies in the world in South Korea. This South Korean car company has made a part of its share in India and created a new company in India and named it HYUNDAI Motor India Limited. It did all the work in India and today it has become the second largest car manufacturing company in India. This company first entered India in 1996. This was the time when liberalization, privatization, globalization had just happened. In the race of globalization, many companies of the world were entering India. In this period, they entered in the same in 1998, a very famous company of India named Santro, which became a big choice of the middle class of India. They launched the Santro car in 1998. The people of India liked it and that car sold a lot in India. In 1998, they started to establish themselves in India. Today, this is HYUNDAI Motor India Limited (HMIL), whose 100% parent is South Korea. HML has sold its 100% share of HYUNDAI It has come to the Indian stock market to sell 17.5% stake. It said that it will sell 17.5% stake for Rs. 27 crores.
It means that the people who will give it money and who will become its shareholder in 17.5% stake, who are those people? You and I, the people who are waiting in line for its IPO through BSC and NSC, are you and I.
And it has kept the price of its share at Rs. 1865 to Rs. 1960. It is selling one share to you people.
And you don’t have to buy just one, you have to buy at least 7 shares at a time. You will get 7 shares for Rs. 13000.
By selling its 17.5% stake in the Indian market, it will distribute one share to Indians for Rs. 1860.
In real terms, it is distributing 14.2 crore shares. One share is for Rs. 1860 minimum. That 14.2 crore shares will be sold to people and it will earn Rs. 28000 crore. They will raise Rs 28000 crore and that Rs 17.5% will be called 17.5% of their pie
is a company worth Rs 1.5 lakh crore in India
By selling its 17.5% share, they are bringing the biggest IPO in India, which means till date no one in the Indian stock market has been able to raise so much money in one go as HYUNDAI Motor Limited is going to raise by selling its IPO
Ofs (offer for sell) means that you are saying that the money we earn by selling this share will be given to our parents
That company is HML (HYUNDAI Motor Limited) This company is from South Korea
Those who want to invest in Hyundai shares should know these things first
On hearing the name of IPO, we feel that if a company is raising money in the market, it is because now with that money this company will expand its business further and make it bigger.
Generally this is what is told to people
If a company is bringing IPO, that company wants to take money from the public and make its business bigger
When this question was asked to the owner of Honda Motor Limited Company of South Korea, he replied that by 2030 we will invest 22000 crores in the Indian market
Meaning you are taking 27000 crores from our market by bringing IPO, you are taking our money and taking it away and you will invest 22000 crores in the next 6 years or you are giving us information that you will invest, that means firstly you are taking the money and going away
Secondly you are taking money from our market by showing investment to us
Then a question must have come to your mind that this is what happens everywhere, the meaning of IPO is that the owner of the company wants to earn money by selling his share, this is absolutely correct, you people are thinking right, but many times the company brings its IPO which we hear Like the IPO of Ola company, whose IPO we also hear about
HYUNDAI started in the year 1947 when Chug Ju Young founded HYUNDAI Engineering and Construction Company
In the year 1967, the name of this company was changed to HYUNDAI Motor Company
By the year 1968, HYUNDAI company had started trying to improve the driving experience for consumers around the world
South Korea’s HYUNDAI Motor Company entered India in the year 1996. After working hard for 2 years, in 1998, this company launched its first hatchback car central in India and gradually this company started growing
41% of the shares used in India are of Maruti Suzuki, after that comes HYUNDAI which stands at 14 point 7%, Tata is at number 3 and Mahindra is at number four
Conclusion:- In this article, HYUNDAI Motor Limited Company has been discussed in this article, you people will get the benefit by reading this article Please comment and tell me how you liked it, thank you