IPO

Hyundai Motor India IPO

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Passenger Cars & Utility Vehicles

Listed On: Oct 22, 2024 at ₹ 1934.0(NSE)

₹ 13720 /7 Shares

Check Allotment

15 Oct, 2024

Open Date

17 Oct, 2024

Close Date

18 Oct, 2024

Allotment Date

22 Oct, 2024

Listing Date
Price Summary

Last Closing

2,265.00 (15.56%)

52 Week High

2,890.00

52 Week Low

1,541.70

Last Update

24-Oct-2025 3:30 PM
Hyundai Motor India IPO Issue Details
  • Issue Price ₹1865-1960 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 14,21,94,700 shares(aggregating up to ₹27870.16 crore)
  • Offer For Sale 14,21,94,700 shares(aggregating up to ₹27870.16 crore)
  • Listing at BSE, NSE
  • List Price 1934.0(NSE)
  • Listing Date 2024-10-22
  • Lead Manager 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
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 7 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)17₹13,720
Retail(max)1498₹1,92,080
Hyundai Motor India IPO Reservation

Hyundai Motor India IPO offers total 14,21,94,700 shares. Out of which 2,82,83,260 (19.89%) allocated to QIB, 2,12,12,445 (14.92%) allocated to NII,4,94,95,705 (34.81%) allocated to RII, 7,78,400 (0.55%) allocated to employees and 4,24,24,890 (29.84%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered4,24,24,890 (29.84%)
QIB Shares Offered2,82,83,260 (19.89%)
NII (HNI) Shares Offered2,12,12,445 (14.92%)
bNII < ₹10L1,41,41,630 (9.95%)
sNII < ₹10L70,70,815 (4.97%)
Retail Shares Offered4,94,95,705 (34.81%)
Employee Shares Offered7,78,400 (0.55%)
Total Shares Offered14,21,94,700 (100%)
Hyundai Motor India IPO Documents
DRHP
RHP
ANCHOR
Hyundai Motor India IPO Details


Hyundai Motor India IPO is a book-built issue of ₹27870.16 crores, The total issue size is ₹27870.16 crores. The IPO of Hyundai Motor India is priced at ₹1865-1960 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from Oct 15, 2024 and ends on Oct 17, 2024. The allotment for Hyundai Motor India IPO will be finalized on Oct 18, 2024. Hyundai Motor India IPO will be listed on BSE, NSE, with a tentative listing date fixed as Oct 22, 2024. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

Retail investors can bid for a minimum of 7 shares, extendable to 13,720. The book-running lead manager for the IPO is/are 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.

The total issue ₹27870.16 crore and having Offer for Sale (OFS) of 14,21,94,700 shares to mop up ₹27870.16 crore.

The Hyundai Motor India IPO sets its price band at 1865-1960 for each share. A single application for Hyundai Motor India IPO must contain at least 7 shares. Sentiment investors need to invest a minimum of 7 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹13,720

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Hyundai Motor India IPO Subscription Analysis And Details
Retail
0.50x
QIB
6.97x
NII
0.60x
bNII
0.58x
sNII
0.65x
Total
2.37x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved28,283,26021,212,445
14,141,630    7,070,815		49,495,70598,991,410
Day 1 15-10-24 05:00 PM
0.05 x0.13
0.06 x   0.26 x		0.26 x0.18 x
Day 2 16-10-24 05:00 PM
0.58 x0.26
0.18 x   0.41 x		0.38 x0.42 x
Day 3 17-10-24 05:00 PM
6.97 x0.60
0.58 x   0.65 x		0.50 x2.37 x
Total No of Applications
21,49,715
Subscription on the basis of Applications
Retail:0.29x BHNI:0.09x SHNI:0.51x
Hyundai Motor India Valuations
EPS Pre IPO 74.58
EPS Post IPO 73.33
P/E Pre IPO 26.28
P/E Post IPO 26.73
ROCE 13.69%
RoNW 12.26%
Price to Book Value 14.93
Hyundai Motor India Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets26,349.2534,573.3428,358.06
Revenue71,302.3361,436.6447,966.05
Profit After Tax6,060.044,709.252,901.59
Net Worth10,665.6620,054.8216,856.26
Reserves & Surplus9,853.1219,242.2816,043.71
Total Borrowing767.921,158.61,140.03
About Hyundai Motor India Company

Hyundai Motor India Limited (HMIL), part of the Hyundai Motor Group, the world’s third-largest auto manufacturer by passenger vehicle sales in CY2023, stands tall as India’s second-largest auto OEM since Fiscal 2009. Known for delivering innovative and reliable vehicles, Hyundai’s impressive lineup of 13 models includes sedans, hatchbacks, SUVs, and electric vehicles (EVs), all designed to meet diverse customer needs.

As India’s leading exporter of passenger vehicles since Fiscal 2005, Hyundai Motor India has achieved a cumulative sale of nearly 12 million vehicles (domestic and export) as of March 31, 2024. This success stems from its commitment to operational excellence, advanced technology, and strong customer relationships.

The strength is its 90% local sourcing strategy, thereby ensuring that the supply chain is efficient and supporting growth in the domestic market. Hyundai has a total 1,366 sales outlets and 1,550 service centers across the whole of India, thus making service and sales hassle-free for customers nationwide.

As a leader in EV technology, Hyundai Motor India continues to invest in sustainable mobility solutions and EV manufacturing infrastructure, solidifying its role in shaping the future of India’s automotive industry.

Hyundai Motor India Limited – Redefining mobility with innovation, quality, and sustainability, while driving India toward a greener future.

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Hyundai Motor India - Promoter(s)

Hyundai Motor Company

Pre Issue Share Holding : 100%

Post Issue Share Holding : 82.50%

Hyundai Motor India IPO - Issue Objectives
1

The company will not receive any proceeds from the sale. All proceeds, after deducting offer-related expenses and taxes, will go to the Promoter Selling Shareholder.

Hyundai Motor India IPO - Anchor Investors

Hyundai Motor India raises Rs 8,315 crore from 225 anchor investors.

Marquee global institutional names like Government of Singapore, New World Fund Inc, Monetary Authority of Singapore, Fidelity, Government Pension Fund Global, and American Funds Insurance Series New World Fund invested Rs 2,191.66 crore in the automobile company.

Global investors such as Baillie Gifford, Vanguard, City of New York Group Trust, Moorea Fund, Blackrock, Aegon Investment Management, Schroder, Canada Pension Plan Investment Board, JP Morgan, Eastspring Investments, Goldman Sachs, Copthall Mauritius, Societe Generale, Morgan Stanley, Citigroup Global, Abu Dhabi Investment Authority, and HSBC Global also became shareholders in passenger vehicles maker via anchor book.

Asset management and insurance companies like SBI Mutual Fund, Nippon Life India, Kotak Mutual Fund, Axis Mutual Fund, Aditya Birla Sun Life Trustee, UTI Mutual Fund, Mirae Asset, Franklin India, Motilal Oswal Mutual Fund, Ashoka Whiteoak, Invesco India, Bank of India MF, Bandhan Mutual Fund, Tata Mutual Fund, SBI Life Insurance Company, HDFC Life Insurance Company, SBI General Insurance, Canara HSBC Life Insurance, ICICI Lombard General Insurance, Bajaj Allianz General Insurance, and Max Life Insurance Company, too, invested.

Hyundai Motor India IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Hyundai Motor India Limited74.5874.58131.26N/A56.8214.96Consolidated
Maruti Suzuki India Ltd.429.01429.012723.7729.3815.754.63Consolidated
Tata Motors Ltd.81.9681.89221.6711.3636.984.21Consolidated
Mahindra & Mahindra Ltd.101.14100.7594.0829.9617.025.08Consolidated

Notes:

  1. Basic/diluted earnings per share refers to the basic/diluted earnings per share sourced from the financial statements of the respective peer group companies for the financial year ended.
  2. Net Asset Value Per Equity Share is defined as total equity divided by a number of equity used in calculating earnings per share.
  3. Price/earnings ratio for the peer group has been computed based on the closing market price of equity shares on BSE as on October 4, 2024, divided by the diluted earnings per share for financial year ended March 31, 2024.
  4. Return on Net Worth is calculated as Profit for the period/year attributable to shareholders of the company as a percentage of Net Worth.
  5. Market capitalisation is the product of the basic shares outstanding on BSE as at the quarter ended June 30, 2024 multiplied by the closing price on BSE.
  6. Tata Motors Limited 'A' ordinary shareholders have received 7 ordinary shares for every 10 'A' ordinary shares held, effective from September 1, 2024.
  7. All the financial information mentioned for Tata Motors Limited is on a consolidated basis across business segments.
Strength
Hyundai Motor India: second-largest auto OEM, top passenger vehicle exporter.
Offers sedans, hatchbacks, SUVs for diverse customer preferences.
Extensive network: 1,366 sales outlets, 1,550 service centers nationwide.
Exports vehicles to 150+ countries; key production, export hub.
Weakness
Rising parts prices may harm operations and profitability.
Supplier dependency risks supply chain disruptions.
Chennai plant disruption affects production and finances.
Contact Details

Hyundai Motor India

Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District-602105

+91 446710 5135

complianceofficer@hmil.net

https://www.hyundai.com/in/en

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

hmil.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/