Hyundai Motor India IPO
MainboardPassenger Cars & Utility Vehicles
Listed On: Oct 22, 2024 at ₹ 1934.0(NSE)
₹ 13720 /7 Shares
Check AllotmentPrice Summary
Last Closing
1,857.20 (-5.24%)52 Week High
1,970.0052 Week Low
1,688.50Last Update
6-Dec-2024 3:30 PM15 Oct, 2024
Open Date17 Oct, 2024
Close Date18 Oct, 2024
Allotment Date22 Oct, 2024
Listing DateIssue Price
₹1865-1960 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedList Price
1934.0(NSE)Listing Date
2024-10-22Market Lot
Retail : 7 Shares (₹13,720/-)S-HNI : 105 Shares (₹2,05,800/-)
B-HNI : 511 Shares (₹10,01,560/-)
Lead Manager
Kotak Mahindra Capital Company LimitedCitigroup Global Markets India Private Limited
Hsbc Securities & Capital Markets Pvt Ltd
J.P. Morgan India Private Limited
Morgan Stanley India Company Pvt Ltd
Issue Size
OFS : 142,194,700 shares(aggregating up to ₹27,870.16 Cr)Retail Portion
35% (Number of Retail Applications: 70,70,815 Approx),(Number of S-HNI Applications : 67,341 Approx),
(Number of B-HNI Applications : 1,34,682 Approx)
Subscription
2.37 timesHyundai Motor India IPO Subscription Details
As on | QIB | NII bNII sNII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 28,283,260 | 21,212,445 14,141,630 7,070,815 | 49,495,705 | 98,991,410 |
Day 1 - 15-10-24 05:00 PM | 0.05 x | 0.13 0.06 x 0.26 x | 0.26 x | 0.18 x |
Day 2 - 16-10-24 05:00 PM | 0.58 x | 0.26 0.18 x 0.41 x | 0.38 x | 0.42 x |
Day 3 - 17-10-24 05:00 PM | 6.97 x | 0.60 0.58 x 0.65 x | 0.50 x | 2.37 x |
Hyundai Motor India Valuations
EPS Pre IPO
74.58EPS Post IPO
73.33P/E Pre IPO
26.28P/E Post IPO
26.73RoNW
12.26%Hyundai Motor India Company Financials All values are in ₹ Cr.
31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
---|---|---|---|
Assets | 26,349.25 | 34,573.34 | 28,358.06 |
Revenue | 71,302.33 | 61,436.64 | 47,966.05 |
Profit After Tax | 6,060.04 | 4,709.25 | 2,901.59 |
Net Worth | 10,665.66 | 20,054.82 | 16,856.26 |
Reserves & Surplus | 9,853.12 | 19,242.28 | 16,043.71 |
Total Borrowing | 767.92 | 1,158.6 | 1,140.03 |
About The 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.
Hyundai Motor India - Strength and Weakness
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.
Rising parts prices may harm operations and profitability.
Supplier dependency risks supply chain disruptions.
Chennai plant disruption affects production and finances.
Hyundai Motor India - Peers Comparison
P/B Ratio | P/E Ratio | RoNW | Net Worth | |
---|---|---|---|---|
Hyundai Motor India | 13.11 | 25.6 | 56.8 | 71,858 |
Maruti Suzuki India | 4.68 | 27.3 | 16.8% | 1,45,103 |
Tata Motors | 3.68 | 10.2 | 49.4% | 4,43,739 |
Mahindra & Mahindra | 5.92 | 35.5 | 18.4% | 1,42,404 |
Hyundai Motor India - Promoter(s)
Pre Issue Share Holding: 100%
Post Issue Share Holding: 82.50%
- Hyundai Motor Company
Hyundai Motor India IPO - Issue Objectives
- 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
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.
Other Details
Hyundai Motor India
Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District-602105Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hmil.ipo@kfintech.com
Hyundai Motor India IPO - FAQs
Ans. Hyundai Motor India IPO is a Mainboard IPO. The issue is priced at ₹1865-1960 per equity share. The minimum order quantity is 7 Shares. The IPO opens on Oct 15, 2024, and closes on Oct 17, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Hyundai Motor India IPO opens on Oct 15, 2024 and closes on Oct 17, 2024.
Ans. The size of Hyundai Motor India IPO is OFS : 142,194,700 shares(aggregating up to ₹27,870.16 Cr).
Ans. The IPO price band is set between ₹1865-1960 per equity share.
Ans. To apply for Hyundai Motor India IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Hyundai Motor India IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Hyundai Motor India IPO is Oct 18, 2024.
Ans. The Hyundai Motor India IPO will be listed on Oct 22, 2024.
Ans. Follow the steps to check the allotment status for Hyundai Motor India IPO here.