India is the world's third-largest auto market, set for further huge growth before the end of the decade. The South Korean auto giant Hyundai launched its initial public offering on Tuesday, billed as India's biggest stock market debut,

Notably, the three most lucrative deals have all occurred in 2024. Alongside Hyundai’s offering, Vodafone India’s Rs 18,000 crore follow-on public offering (FPO) generated Rs 287 crore in fees, while Ola Electric Mobility’s Rs 6,146 crore IPO pumped Rs 145 crore into the pockets of investment bankers.

The IPO proceedings could help Hyundai narrow market gaps in India, expand its facilities to serve global markets, analysts say.