Hyundai India Sets The Price Band For India's Largest IPO, But What About Peers?

Hyundai India has set the price band for Rs 27,870 crore IPO. The price band is set at Rs 1865-1960 per share. Issue will open between October 15-17. Hyundai's largest IPO will accelerate thr competition in the automobile sector.
Listen to the full chat as we bring you the an interesting comparison of Hyundai with its peers.
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[@MSharma-g7]

Overvalued in my opinion. It is crazy that they paid 15000 crores to it’s parent company as dividend just before Indian IPO listing. Every company is greedy to list in Indian market and raise their valuation. Indians should stop going crazy over every IPOs which are highly overpriced, these foreign companies want to suck up the Indian money, be careful

[@brajeshsingh2391]

yes that question was raised and also I saw Reema Tendulkar say at the upper band the m-cap of Hyundai India will be 40% more than m-cap of parent in Korea when it contributes only 10% of revenue. So its actually works out to 14 times the valuation of the parent. Plus its all OFS.