Hyundai IPO Details: Price Band Likely To Be Rs 1865-1960 Per Share 

Hyundai Motor India Ltd. will launch what is seen as India's largest initial public offering on Oct. 15. The anchor portion will open for subscription on Oct. 14. A listing is likely on Oct. 22. The three-day Hyundai India IPO is a pure offer-for-sale by South Korean parent Hyundai Motor Co. On offer are 14.2 crore shares, equivalent to 17.5% stake in the company. While a price band hasn't been declared yet, Bloomberg, citing sources, said that the price range is seen at Rs 1,865-1,960. At that price, the Hyundai India IPO will be India's largest at Rs 27,870 crore-eclipsing LIC's a few years ago.
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