Hyundai Motor India

The proposed issue size sits around 37,700 crore rupees marking a potential valuation of 10,50,000 crore rupees.

This would make it the largest share sale in Indian history, surpassing the Hyundai Motor India offer from 2024.

Subscription opens on October 21, closing two days later with trading expected to begin on October 28.

At least 35% of the total issue allocates to retail individual investors including resident Indians and eligible non-residents.

At the forefront of this movement stands Jio Platforms of Mukha Shambani, which plans to launch a $3.8 billion initial public offering on the 21st of October.

This event is set to become the biggest listing in the history of India, overtaking the $2.9 billion record established by Hyundai Motor India in 2024.

Shares are expected to list on 28 October.

Sources indicate proceeds from this massive offering will largely be used to repay debt owed by the telecoms division, while the company continues to run artificial intelligence, cloud, and enterprise network businesses.