Santosh Meena, the Head of Research at Swastika Investmart Ltd., mentioned that Hyundai India's ₹25,000 crore IPO was expected to be the largest in India’s history, set to launch in November. He stated that the market was buzzing with excitement, as Hyundai continued to be one of the strongest players in the Indian car market, consistently growing its market share. He further indicated that Hyundai was likely to receive a higher valuation compared to its peers, such as Maruti, which was currently trading at a Price-to-Earnings (P/E) ratio of 23 for FY25.
