Hyundai Motor India to go public in India ; Reports

Hyundai Motor India is preparing to go public in India, with plans to file a draft red herring prospectus (DRHP) with the market regulator SEBI within the next two weeks, according to a report by ET. If successful, this will be the first IPO from an automaker in two decades, following Maruti Suzuki's share listing in 2003.

The report indicates that SEBI is expected to approve the DRHP within 60-90 days of filing, potentially allowing Hyundai Motor India's IPO to launch in September or October.

To manage the IPO, the company has enlisted investment bankers Morgan Stanley, JPMorgan, Kotak Mahindra, HSBC, and Citibank.