Hyundai India will begin its initial public offering in Mumbai on Monday, October 14th, with plans to sell up to 17.5% of its stake in the company. The IPO, which will be the country's largest ever share offering and the second-largest in the world in 2024, highlights the strong performance of India's capital markets. This move will also mark the first time the company has been listed outside of its South Korean home market. With over 142 million shares on offer, the IPO is expected to value Hyundai India at up to US$19 billion and will make up about 40% of its parent company Hyundai Motor's market capitalisation.