Big IPOs set to hit the street as market regulator SEBI clears food delivery & quick commerce player Swiggy's confidential IPO filing. Auto major Hyundai's $3 bn issue could be India's biggest ever. Vinnii Motiwala with more details.

Hyundai has maintained a consistent market share between 15 per cent and 17 per cent since 2008, reinforcing its position as the second-largest automaker in India.

The wholly-owned subsidiary of the Hyundai Motor Company headquartered in South Korea, Hyundai Motor India has secured the approval from the capital market regulator Securities and Exchange Board of India (SEBI) to launch its initial public offering (IPO) as per the reports.

Sources had earlier told CNBC-TV18 that the company is working towards filing its Draft Red Herring Prospectus (DRHP) papers with the Securities and Exchange Board of India (SEBI) by May for an IPO and hopes to go public in the third quarter of FY25.

Hyundai Motor India has received approval from Sebi for its ₹25,000-crore IPO, set to be the largest in India's history. The offering will consist entirely of an offer-for-sale by Hyundai Motor Co. The IPO is expected to launch by November and could surpass previous records held by LIC and Paytm.

Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, has received capital markets regulator Sebi's approval to float an initial public offering (IPO), people familiar with the development said on Wednesday.

Hyundai Motor India Limited received Sebi's approval for a $3 billion IPO, set to be India's largest, surpassing LIC's $2.7 billion listing.

Hyundai Motor India is set to make a significant splash in the Indian IPO market. The South Korean automaker has secured SEBI approval for its $3 billion IPO, valuing the company at around $20 billion.

India's market regulator has approved an initial public offering of Hyundai Motor India , two sources with direct knowledge of the matter told Reuters.