Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, is going to launch its initial public offering (IPO) on October 15.  The last day will be October 17. On October 14, the offering will be made available to anchor investors. The much anticipated 28,000-crore first share sale has set a price range of Rs 1,865–1,960 per share. This IPO marks a significant milestone for the Indian auto industry, as it is the first automaker’s initial share sale in over two decades, following Japanese automaker Maruti Suzuki’s listing in 2003.The public subscription period for the IPO will begin on October 15 and end on October 17. On October 14, the IPO will be made available to anchor investors. The IPO's price range has been set between Rs 1,865 and Rs 1,960 per share.Also Read | Tata Punch to Hyundai Exter: 5 budget-friendly cars under Rs 10 lakh this festive seasonHyundai Motor India is the second largest OEM and the second largest exporter of passenger vehicles and has a domestic market share of 14.6%. For the month of September, Hyundai sold 64,201 units, a decline of 10% on a year-on-year basis. For 2024 so far, the company has sold 5.77 lakh units, which is flat compared to last year.For the fiscal year 2023–2024 (FY24), the automaker recorded a net profit of Rs 6,060 crore, which represents a 28.7% increase over the previous fiscal year. At Rs 69,829 crore, the revenue represented a 15.8% growth over FY23. The business reported Rs 17,344.2 crore in sales for the April–June quarter of FY25, a 4.3% YoY increase. In Q1 of FY25, the net profit also increased 12.1% year over year to Rs 1,489.6 crore.Also Read | Tata Punch to Tata Nexon: Top 5 budget CNG SUVs in India for 2024Between the fiscal year 2018–19 (FY19) and the first 11 months of FY24, the company's sales volume in the mid-size sport utility vehicle (SUV) sub-segment made it the nation's largest car original equipment manufacturer (OEM). In the first 11 months of fiscal 2024, Creta had a 30% market share in the mid-size SUV class.Aura, Verna, Grand i10 NIOS, i20, i20 N Line, Venue, Venue N Line, Exter, Creta, Creta N Line, Tucson, Alcazar, and IONIQ 5 are among the varied passenger car models in the lineup.Also Read | Tata Punch vs Hyundai Exter: Which micro SUV is BEST for you?