Hyundai Motor India Limited IPO Details 2024!

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 DateOctober 15, 2024 to October 17, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹1865 to ₹1960 per share
Lot Size7 Shares
Total Issue Size142,194,700 shares
(aggregating up to ₹27,870.16 Cr)
Offer for Sale142,194,700 shares of ₹10
(aggregating up to ₹27,870.16 Cr)
Employee DiscountRs 186 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue812,541,100
Share holding post issue812,541,100

Hyundai Motor IPO Timeline

IPO Open DateTuesday, October 15, 2024
IPO Close DateThursday, October 17, 2024
Basis of AllotmentFriday, October 18, 2024
Initiation of RefundsMonday, October 21, 2024
Credit of Shares to DematMonday, October 21, 2024
Listing DateTuesday, October 22, 2024
Cut-off time for UPI mandate confirmation5 PM on October 17, 2024

Hyundai Motor IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)17₹13,720
Retail (Max)1498₹192,080
S-HNI (Min)15105₹205,800
S-HNI (Max)72504₹987,840
B-HNI (Min)73511₹1,001,560

Hyundai Motor IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50.00% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot less than 15.00% of the Net Issue

Hyundai Motor IPO Financial Information

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets25,370.2426,349.2534,573.3428,358.06
Revenue17,567.9871,302.3361,436.6447,966.05
Profit After Tax1,489.656,060.044,709.252,901.59
Net Worth12,148.7110,665.6620,054.8216,856.26
Reserves and Surplus11,336.179,853.1219,242.2816,043.71
Total Borrowing758.14767.921,158.61,140.03
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.

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