Hyundai, the famous car company from South Korea, is making big news in India! Let’s break down what’s happening in simple words.
Table of Contents
What’s the Big News?
Hyundai Motor India is selling its shares to the public for the first time. This is called an IPO (Initial Public Offering). They’re trying to raise ₹27,870 crores (that’s a lot of money!).
How Did People React?
- Big companies and investment firms were very excited! They wanted to buy almost 7 times more shares than what was available.
- But regular people like us weren’t as excited to buy these shares. Want to know why? Keep reading!
Why Were Regular Investors Careful?
- The price seemed too high for many people
- The car industry isn’t selling as many cars as before
- Similar big share sales in the past didn’t give good returns
- Hyundai’s SUV sales are growing slower than before
Important Numbers to Know
- Hyundai is India’s second-biggest car company
- They sell 15 out of every 100 cars in India
- The shares will start trading on October 22, 2024
What’s Special About Hyundai in India?
- They’re right behind Maruti Suzuki in selling cars
- They’re famous for their SUVs (big, comfortable cars)
- They compete with companies like Tata Motors and Mahindra
