Hyundai Motor ranks 5th among India's most valued automakers; check the top 5 list

Hyundai Motor India shares made a muted stock market debut on Tuesday, listing at a discount of 1.3% at ₹1,934 apiece to the issue price against the issue price of ₹1,960. With this, the company became the fifth largest automaker in India, with a market capitalisation of ₹1.53 lakh crore.

Largest automakers in India by market capitalisation

• Maruti Suzuki India Ltd
• Mahindra and Mahindra Ltd
• Tata Motors Ltd
• Bajaj Auto Ltd
• Hyundai Motor India Ltd

Hyundai Motor India share price

The company's market valuation stands at ₹1,53,468.70 crore.

The Hyundai Motor India IPO was subscribed 2.37 times, aided by institutional buyers. It was the largest IPO in the country, with an issue size of ₹27,870 crore, surpassing LIC's public issue of ₹21,000 crore.

The initial share sale, which had set a price range of ₹1,865-₹1960 per share, was solely an offer for sale (OFS) of 14.21 crore shares by promoter Hyundai Motor Company. There was no fresh issue component.

Hyundai Motor India commenced India operations in 1996. It presently sells 13 models, including Creta, Venue, Exter, Aura and Verna, across segments.

In the equity market, the NSE NIFTY50 index traded 0.42% lower at 24,677, and BSE SENSEX was down 270 points to 80,870.

Tata Motors, Bharat Electronics Limited and Adani Enterprises were the major laggards, while ICICI Bank, Bharti Airtel and Nestle India were the top gainers.