The South Korean automaker plans to raise up to $3 billion at a valuation of about $20 billion, sources previously told Reuters.
This will make it the first carmaker in India to go public in two decades, with market leader Maruti Suzuki issuing an IPO in 2003.
Hyundai India did not respond to a request for comment outside business hours.
The automaker is trying to regain market share from fast-growing domestic rivals such as Tata Motors by expanding its SUV range.
-
Stock Trading
Markets 101: An insight on trendlines and momentum
-
Stock Trading
Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading
-
Stock Trading
Markets 103: Mastering Trends with RMI and Techno-Funda Insights
-
Stock Trading
Markets 104: Options Trading: Begin your F&O adventure
-
Stock Trading
Make ROC Easy: Master Course for the ROC Stock Indicator
-
Stock Trading
Make RSI Easy: RSI Trading Course
-
Stock Trading
Technical Analysis for Everyone – Technical Analysis Course
-
Stock Trading
Introduction to technical analysis and candlestick theory
-
Stock Trading
options trading courses for beginners
-
Stock Trading
Options scaling made easy
-
Stock Trading
Futures Trading Made Easy: Futures and Options Trading Course
-
Stock Trading
Make the stock market easy
-
Stock Trading
Make Renko Chart Patterns Easy
-
Stock Trading
Options Trading Made Easy: Options Trading Course
-
Stock Trading
Stock Investing Made Easy: Stock Market Investing Course for Beginners
-
Stock Trading
Macroeconomics Made Easy: Online Certification Course
-
Stock Trading
Stock Valuation Made Easy
Three sources with knowledge of the company's plans previously told Reuters it plans to launch its first India-made electric vehicle early next year and introduce at least two gasoline-powered models for the market from 2026. India is the third-largest revenue generator globally for Hyundai after the US and South Korea, and it has already invested $5 billion in the country, with a commitment to invest another $4 billion over the next decade. Separately, Sebi also approved the IPO of SoftBank-backed food delivery giant Swiggy, which is targeting a valuation of about $15 billion and aims to raise $1-1.2 billion, according to multiple sources familiar with the matter.