Hyundai Motor India IPO: Date, Price & Allotment Details Revealed!

Hyundai Motor India IPO Overview

The Hyundai Motor India IPO is set to open on October 14, 2024 and will close on October 16, 2024. This is a highly anticipated public offering from one of the leading automobile manufacturers in India, seeking to raise significant capital through its IPO.

IPO Details

Market Lot Information

The minimum market lot for the Hyundai Motor India IPO is [.] shares, with an application amount of ₹[.]. Retail investors can apply for up to 13 lots, with [.] shares or ₹[.] amount.

Important Dates

The Hyundai Motor India IPO dates are as follows:

About Hyundai Motor India

Hyundai Motor India is a prominent player in the automobile industry, with a strong presence as part of the Hyundai Motor Group, the world’s third-largest auto original equipment manufacturer (OEM). The company has maintained its position as the second-largest auto OEM in the Indian passenger vehicles market since Fiscal 2009. Hyundai offers a diverse range of 13 models across various segments, including sedans, hatchbacks, SUVs, and EVs. Alongside vehicles, the company also manufactures essential parts like transmissions and engines.

Since its inception in 1998, Hyundai has sold nearly 12 million passenger vehicles in India, solidifying its reputation as a leader in the market. The company boasts advanced technology in manufacturing processes and a robust distribution network, which has contributed significantly to its success. Moreover, Hyundai has been the largest exporter of passenger vehicles in India from Fiscal 2005 through the first 11 months of Fiscal 2024.

Financial Performance

Hyundai Motor India reported impressive financial results, with a revenue of ₹61,436.64 crores in 2023, marking a notable increase from ₹47,966.05 crores in 2022. Additionally, profit after tax jumped to ₹4,709.25 crores in 2023, up from ₹2,901.59 crores in 2022.

Valuation Metrics for FY2023

Investors may find Hyundai Motor India’s valuation metrics interesting, which include:

Peer Group Comparison

Objectives of the IPO

• The company will not receive any proceeds from the offering, as all funds will be directed to the Promoter Selling Shareholder after the necessary deductions for related expenses and taxes.

Hyundai Motor India IPO Review

The Hyundai Motor India IPO has garnered attention from various financial services entities and is being reviewed by several leading investment firms. This analysis aims to provide insights into the potential value and growth trajectory of the company.

• Canara Bank
• DRChoksey FinServ
• Emkay Global
• Hem Securities
• IDBI Capital
• Marwadi Shares
• Nirmal Bang
• SBICAP Securities
• Sharekhan
• SMC Global
• Sushil Finance
• Swastika Investmart
• Ventura Securities
• Geojit
• Reliance Securities
• Capital Market
• BP Wealth
• ICICIdirect
• Choice Broking

Registrar and Contact Information

KFin Technologies Limited
Phone: +91 40 6716 2222 / 1800 309 4001
Email: [email protected]

IPO Lead Managers

• 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: [email protected]

Hyundai Motor India IPO FAQs

Note: The price band and dates for the Hyundai Motor India IPO are official. Information regarding the grey market premium will be updated once available.