Hyundai plans to drive to Dalal Street for largest IPO ever: Plans listing of local arm this Diwali

Banker pitch at HQ last week; raise of $3.3-5.6 billion may value HMIL up to $28 billion. At $28 billion, HMIL will be valued at 48 times FY23 earnings, while at the lower end of the band at $22 billion, it would be 38.4 times. Maruti Suzuki trades at 40 times FY23 earnings.

from Auto-Industry-Economic Times https://ift.tt/Gyu3cQC