Hyundai Motor India IPO Details: The Hyundai Motor India IPO is scheduled to open in 2024 and close the same year. It will be a Book Built Issue, with the company aiming to raise approximately ₹25,000 crores. This includes a fresh issue of ₹[.] crores and an offer for sale of up to 142,194,700 equity shares, each with a face value of ₹10.
The price band for the Hyundai Motor India IPO is expected to be between ₹[.] and ₹[.] per share. The retail investor quota is set at 35%, while the allocation for Qualified Institutional Buyers (QIB) is 50%, and High Net Worth Individuals (HNI) is 15%. The shares are expected to be listed on both BSE and NSE in 2024, with the IPO allotment date also falling in 2024.
Financially, Hyundai Motor India reported revenue of ₹61,436.64 crores in 2023, a significant rise from ₹47,966.05 crores in 2022. The company’s profit also surged to ₹4,709.25 crores in 2023, up from ₹2,901.59 crores in 2022. Given this strong financial performance, long-term investors may find the IPO to be a promising opportunity.
Hyundai Motor India IPO Objectives:
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 India IPO Review (Apply or Not)
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Hyundai Motor India IPO Date & Price Band Details:
| IPO Open Date: | 15 October, 2024 |
| IPO Close Date: | 17 October, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹1,865 to ₹1,960 Per Share |
| Issue Size: | Approx ₹27,870.16 Crores, 142,194,700 Equity Shares |
| Fresh Issue: | Approx ₹[.] Crores |
| Offer for Sale: | Approx ₹27,870.16 Crores, 142,194,700 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Employee Discount: | ₹186 per equity shares |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Hyundai Motor India IPO Lot Size:
The minimum market lot for the Hyundai Motor India IPO is 7 shares, requiring an application amount of ₹13,720. Retail investors can apply for a maximum of 14 lots, totaling 98 shares or ₹192,080.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 7 | ₹13,720 |
| Retail Maximum | 14 | 98 | ₹192,080 |
| S-HNI Minimum | 15 | 105 | ₹205,800 |
| S-HNI Maximum | 72 | 504 | ₹987,840 |
| B-HNI Minimum | 73 | 511 | ₹1,001,560 |
Hyundai Motor India IPO Timeline:
The Hyundai Motor India IPO will open on 15 October 2024 and close on 17 October 2024. The allotment of shares will be finalized on 18 October 2024, with the IPO listing scheduled for 22 October 2024.
| IPO Open Date: | 15 October 2024 |
| IPO Close Date: | 17 October 2024 |
| Basis of Allotment: | 18 October 2024 |
| Refunds: | 21 October 2024 |
| Credit to Demat Account: | 21 October 2024 |
| IPO Listing Date: | 22 October 2024 |
Hyundai Motor India IPO GMP Today:
The last reported Grey Market Premium (GMP) for the Hyundai Motor IPO is ₹370. The price band for the IPO has not been announced yet. We will update the cap price and the estimated listing price as soon as the information becomes available.
Promoters of Hyundai Motor India IPO
The promoter of Hyundai Motor India is Hyundai Motor Company.
About Hyundai Motor India IPO
Hyundai Motor India is a key part of the Hyundai Motor Group, the world’s third-largest auto original equipment manufacturer (OEM) by passenger vehicle sales in 2023, as per the CRISIL Report. Since Fiscal 2009, they have consistently been the second-largest auto OEM in the Indian passenger vehicle market, based on domestic sales volumes. Hyundai Motor India has built a reputation for producing reliable, feature-rich, and technologically advanced four-wheeler passenger vehicles, with a diverse portfolio spanning 13 models across various segments, including sedans, hatchbacks, SUVs, and electric vehicles (EVs). The company also manufactures key components like engines and transmissions.
Hyundai Motor India has been the largest exporter of passenger vehicles from India since Fiscal 2005 through the first 11 months of Fiscal 2024, holding the highest cumulative export numbers during this period, according to the CRISIL Report.
Since its inception in 1998 through to March 31, 2024, Hyundai Motor India has sold nearly 12 million passenger vehicles in India and through exports. The company attributes its strong market position to its broad product range, robust stakeholder relationships, strong brand recognition, use of innovative technologies for manufacturing efficiency, and expansion into new segments like EVs. In 2023, Hyundai Motor India was among the top three contributors to Hyundai Motor Company’s global sales volumes, with its contribution rising from 15.48% in 2018 to 18.19% in 2023.
Hyundai Motor India IPO Company Financial Report
The company reported revenue of ₹61,436.64 crores in 2023 against ₹47,966.05 crore in 2022. The company reported profit of ₹4,709.25 crores in 2023 against profit of ₹2,901.59 crores in 2022.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹41,404.65 | ₹38,864.40 | ₹1,881.16 | ₹26,730.57 |
| 2022 | ₹47,966.05 | ₹44,193.84 | ₹2,901.59 | ₹28,358.06 |
| 2023 | ₹61,436.64 | ₹55,091.07 | ₹4,709.25 | ₹34,573.34 |
| Dec 2023 | ₹53,298.09 | ₹47,317.83 | ₹4,382.87 | ₹32,488.34 |
Hyundai Motor India IPO Valuation – FY2023
Check Hyundai Motor India IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | NA |
| ROCE: | 28.75% |
| EBITDA Margin: | 12.52% |
| PAT Margin: | 7.67% |
| Debt to equity ratio: | 0.06 |
| Earning Per Share (EPS): | ₹57.96 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 23.48% |
| Net Asset Value (NAV): | ₹246.82 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Maruti Suzuki India Limited | 271.82 | 47.28 | 13.29% | 2,045.53 | 1,17,571.30 Cr. |
| Tata Motors Limited | 6.30 | 150.09 | 5.33% | 118.34 | 3,45,966.97 Cr. |
| Mahindra & Mahindra Limited | 92.41 | 30.32 | 18.24% | 506.60 | 1,21,268.55 Cr. |
Hyundai Motor India IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 1800 309 4001
Email: hmil.ipo@kfintech.com
Website: https://ris.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- HSBC Securities and Capital Markets (India) Private Limited
- J.P. Morgan India Private Limited
- Morgan Stanley India Company Private Limited
Company Address
Hyundai Motor India Limited
Plot No. H-1, SIPCOT Industrial Park,
Irrungattukottai, Sriperumbudur Taluk,
Kancheepuram District – 602 105,
Tamil Nadu, India
Phone: +91 44 6710 5135
E-mail: complianceofficer@hmil.net
Website: www.hyundai.com/in/en
Hyundai Motor India IPO FAQs
1. When is the Hyundai Motor India IPO opening? The Hyundai Motor India IPO is expected to open in 2024. The exact date will be updated once confirmed.
2. When will the Hyundai Motor India IPO close? The IPO will close in 2024, on a date that will be announced shortly.
3. What type of IPO is the Hyundai Motor India IPO? The Hyundai Motor India IPO is a Book Built Issue.
4. How much is Hyundai Motor India planning to raise through the IPO? Hyundai Motor India aims to raise approximately ₹25,000 crores through the IPO, which includes a fresh issue of ₹[.] crores and an offer for sale of up to 142,194,700 equity shares.
5. What is the price band for the Hyundai Motor India IPO? The price band for the Hyundai Motor India IPO has not yet been announced. It will be updated soon.
6. What is the market lot for Hyundai Motor India IPO? The minimum market lot is [.] shares. The exact amount will be updated closer to the IPO date.
7. How much can retail investors apply for in the Hyundai Motor India IPO? Retail investors can apply for up to 13 lots, equivalent to [.] shares or ₹[.] in investment.
8. When will the allotment for the Hyundai Motor India IPO be finalized? The allotment is expected to be finalized in 2024, with an exact date to be announced.
9. When will Hyundai Motor India IPO shares be listed? The shares are expected to be listed on the BSE and NSE in 2024, with the specific listing date to be confirmed.
10. What is the Grey Market Premium (GMP) for Hyundai Motor India IPO? As of October 2nd, 2024, the last reported GMP for Hyundai Motor India IPO is ₹370. This figure is subject to change, and updates will be provided as the IPO approaches.
11. Who are the promoters of Hyundai Motor India IPO? The promoter of Hyundai Motor India is Hyundai Motor Company.
12. What is the business of Hyundai Motor India? Hyundai Motor India is part of Hyundai Motor Group and is the second-largest passenger vehicle manufacturer in India since 2009. The company manufactures and sells a wide range of vehicles, including sedans, hatchbacks, SUVs, and EVs. They are also the largest exporter of passenger vehicles from India.
13. How has Hyundai Motor India’s financial performance been recently? In 2023, Hyundai Motor India reported revenue of ₹61,436.64 crores and a profit of ₹4,709.25 crores, a significant increase from ₹47,966.05 crores in revenue and ₹2,901.59 crores in profit in 2022.
14. Should I apply for the Hyundai Motor India IPO? Given Hyundai Motor India’s strong financial performance and market leadership, the IPO could be a promising opportunity for long-term investors. However, individual investment decisions should be based on personal financial goals and risk tolerance.
15. Where can I find updates about Hyundai Motor India IPO? You can find the latest updates, including the price band and listing details, on financial websites and platforms dedicated to IPO news, such as https://upcomingipowatch.in/.
