Hyundai Motor IPO will open for subscription from 15 October 2024. The company aims for an issue size of ₹27,870.16 Cr through this IPO.
Company Overview
| Full name | Hyundai Motor India Limited |
| Sector | Automobile & Ancillaries |
| Industry | Automobiles – Passenger Cars |
| Company Website | https://www.hyundai.com/in/en |
About Company
Hyundai Motor India is the second-largest auto OEM in the Indian passenger vehicle market from 1 April 2021 through 30 June 2024. The company manufactures various four-wheeler passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs). HMIL is also India’s largest exporter of passenger vehicles, having exported the highest cumulative number of vehicles from fiscal 2005 to the first 11 months of fiscal 2024.
Its contribution to HMC’s sales volumes has notably grown, increasing from 15.48% in CY 2018 to 18.19% in CY 2023. HMIL manufactures all its passenger vehicles and parts at its Chennai Manufacturing Plant. The company’s Chennai plant had an installed capacity of 8,24,000 units as of 30 June 2024. The company expects the annual production capacity across the Chennai and Talegaon manufacturing plants in aggregate to increase to 9,94,000 units when the Talegaon Manufacturing Plant is partly operational and to 10,74,000 units once the Talegaon Manufacturing Plant is fully operational.
HMIL has an extensive sales and service network across India, with 1,377 sales outlets and 1,561 service outlets as of 30 June 2024. This network is next to market leader Maruti Suzuki and ensures wide reach and customer support across rural and urban areas. As of 30 June 2024, the company had 5,672 full-time employees. HMIL employs a comprehensive training and development program for its personnel, including technical training and R&D support.
The Objectives of the Issue
- The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.
Hyundai Motor IPO Timetable
| IPO Opening date | 15 October 2024 |
| IPO Closing | 17 October 2024 |
| Basis of Allotment | 18 October 2024 |
| Initiation Refund | 21 October 2024 |
| Credit to Demat Account | 21 October 2024 |
| Listing Date | 22 October 2024 |
Hyundai Motor IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹27,870.16 Cr – 142,194,700 shares |
| Fresh Issue | Nil |
| Offer for sale | ₹27,870.16 Cr – 142,194,700 shares |
| Face value | ₹10 per share |
| Price Band | ₹1865 to ₹1960 per share |
| Lot size | 7 Shares |
| Employee Discount | ₹186 per share |
| Shareholding pre-issue | 812,541,100 |
| Shareholding post-issue | 812,541,100 |
| Listing Exchange | BSE & NSE |
Hyundai Motor IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 7 | ₹13,720 |
| Retail (Max) | 14 | 98 | ₹192,080 |
| S-HNI (Min) | 15 | 105 | ₹205,800 |
| S-HNI (Max) | 72 | 504 | ₹987,840 |
| B-HNI (Min) | 73 | 511 | ₹1,001,560 |
Hyundai Motor Offer Documents
Hyundai Motor IPO Reservation Details
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net Issue |
| Retail Shares Offered | Not more than 35.00% of the Net Issue |
Hyundai Motor Financial Performance
| FY 2022 | FY 2023 | FY 2024 | Q1 FY 2025 | |
| Revenue | 47,378.43 | 60,307.58 | 69,829.06 | 17,344.22 |
| Expenses | 44,193.84 | 55,091.07 | 63,062.45 | 15,564.60 |
| Net income | 2,901.59 | 4,709.25 | 6,060.04 | 1,489.65 |
| Margin (%) | 6.12 | 7.81 | 8.68 | 8.59 |
Hyundai Motor Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | FY 2024 (Post-Issue)* | |
| EPS | 35.71 | 57.96 | 74.58 | 74.58 |
| PE Ratio | – | – | – | 25.01 – 26.28 |
| FY 2022 | FY 2023 | FY 2024 | |
| RONW (%) | 17.21 | 23.48 | 56.82 |
| NAV | 207.45 | 246.82 | 131.26 |
| ROCE (%) | 20.37 | 28.75 | 62.90 |
| EBITDA (%) | 11.58 | 12.52 | 13.08 |
Company Promoters
- Hyundai Motor Company.
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 82.50% |
Hyundai Motor Offer GMP Update
Coming Soon
Hyundai Motor IPO Subscription Update
Coming Soon
Hyundai Motor IPO Allotment Status
Hyundai India IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Hyundai Motor IPO Listing Details
| Listing Date | 22 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | BSE & NSE |
| Final Issue Price | Coming Soon |
| Open | |
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Hyundai Motor IPO Lead Manager(s)
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- HSBC Securities & Capital Markets Pvt Ltd
- J.P. Morgan India Private Limited
- Morgan Stanley India Company Pvt Ltd
Hyundai Motor Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/ 1800 309 4001
E-mail: hmil.ipo@kfintech.com
Website: www.kfintech.com
Hyundai Motor Contact Details
HYUNDAI MOTOR INDIA LIMITED
Plot No. C-11 & C-11 A, City Centre, Urban Estate – 2,
Sector 29, Gurugram – 122 001, Haryana, India
Phone: +91 44 6710 5135
Email: complianceofficer@hmil.net
Website: www.hyundai.com/in/en
Hyundai Motor IPO FAQs
How many shares in the Hyundai India IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply for a Hyundai India Public Offer?
The best way to apply for Hyundai India’s public offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Hyundai IPO GMP today?
Hyundai IPO GMP today is ₹ 190 per share.
What is the Hyundai kostak rate today?
Hyundai India’s kostak rate today is ₹ NA per application.
What is Hyundai’s Subject to Sauda rate today?
Hyundai India Subject to Sauda rate today is ₹ 900 per application.
Final thoughts
Hyundai Motor IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
