The Hyundai Motor IPO is a book-built issue amounting to ₹27,870.16 crore. It consists entirely of an offer for sale of 14.22 crore shares.
The subscription window for the Hyundai Motor IPO opens on October 15, 2024, and closes on October 17, 2024. The share allotment is expected to be finalized by Friday, October 18, 2024, with a tentative listing on the BSE and NSE on Tuesday, October 22, 2024.
The IPO price band is set between ₹1,865 and ₹1,960 per share. Retail investors must apply for a minimum of 7 shares, requiring an investment of ₹13,720. For sNII investors, the minimum lot size is 15 lots (105 shares), totaling ₹205,800, while bNII investors must apply for 73 lots (511 shares), amounting to ₹1,001,560.
There is a reservation of up to 778,400 shares for employees, offered at a ₹186 discount on the issue price.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd are the lead managers for the IPO, with Kfin Technologies Limited serving as the registrar.
Below are the details of Hyundai Motor IPO Details, Timeline, Lot Size, Anchor Investor, and Promoter Holding.
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Hyundai Motor IPO Details
IPO Date | October 15, 2024 to October 17, 2024 |
Listing Date | [.] |
Face Value | ₹10 per share |
Price Band | ₹1865 to ₹1960 per share |
Lot Size | 7 Shares |
Total Issue Size | 142,194,700 shares (aggregating up to ₹27,870.16 Cr) |
Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹27,870.16 Cr) |
Employee Discount | Rs 186 per share |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 812,541,100 |
Share holding post issue | 812,541,100 |
Hyundai Motor IPO Timeline
IPO Open Date | Tuesday, October 15, 2024 |
IPO Close Date | Thursday, October 17, 2024 |
Basis of Allotment | Friday, October 18, 2024 |
Initiation of Refunds | Monday, October 21, 2024 |
Credit of Shares to Demat | Monday, October 21, 2024 |
Listing Date | Tuesday, October 22, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on October 17, 2024 |
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 IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the Net Issue |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Hyundai Motor IPO Financial Information
Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
Assets | 25,370.24 | 26,349.25 | 34,573.34 | 28,358.06 | ||||||||||||||||||||||||||||||||||||
Revenue | 17,567.98 | 71,302.33 | 61,436.64 | 47,966.05 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | 1,489.65 | 6,060.04 | 4,709.25 | 2,901.59 | ||||||||||||||||||||||||||||||||||||
Net Worth | 12,148.71 | 10,665.66 | 20,054.82 | 16,856.26 | ||||||||||||||||||||||||||||||||||||
Reserves and Surplus | 11,336.17 | 9,853.12 | 19,242.28 | 16,043.71 | ||||||||||||||||||||||||||||||||||||
Total Borrowing | 758.14 | 767.92 | 1,158.6 | 1,140.03 | ||||||||||||||||||||||||||||||||||||
Amount in ₹ Crore |
Hyundai Motor IPO Review
Hyundai Motor India Ltd. (HMIL) is a subsidiary of the Hyundai Motor Group, one of the world’s top auto manufacturers, and has consistently ranked as the second-largest auto OEM in India since 2009. The company boasts a robust lineup of 13 passenger vehicles, including sedans, SUVs, hatchbacks, and electric vehicles (EVs), catering to a diverse market. Additionally, HMIL is a leading exporter of passenger vehicles and benefits from the global strength and advanced R&D of its parent company, Hyundai Motor Company (HMC).
HMIL is launching a large IPO of ₹27,870.16 crores through an Offer for Sale, with a price band of ₹1,865 to ₹1,960 per share. The issue opens on October 15, 2024, and closes on October 17, 2024. The IPO aims to unlock the company’s valuation, not raise new funds. With steady revenue growth and profitability, including a net profit of ₹6,060.04 crores in FY24, HMIL is well-positioned for future success, particularly as it expands its manufacturing capabilities and EV offerings.
Financially, the company shows a strong return on net worth (RoNW) of 39.11% over the last three years and a price-to-earnings ratio (P/E) of 26.28 based on FY24 earnings. Investors can view this IPO as a strategic medium to long-term investment opportunity given HMIL’s established market presence, growth potential, and expansion plans in India.