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
IPO Open Date: | October 14, 2024 |
IPO Close Date: | October 16, 2024 |
Face Value: | ₹10 per equity share |
IPO Price Band: | ₹[.] to ₹[.] per share |
Issue Size: | Approximately ₹[.] crores, comprising 142,194,700 equity shares |
Fresh Issue: | Approximately ₹[.] crores |
Offer for Sale: | 142,194,700 equity shares |
Issue Type: | Book Built Issue |
IPO Listing: | BSE & NSE |
Retail Quota: | Not more than 35% |
QIB Quota: | Not more than 50% |
NII Quota: | Not more than 15% |
DRHP Draft Prospectus: | Available for review |
RHP Draft Prospectus: | Available for review |
Anchor Investors List: | Available for review |
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.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | – | ₹- |
Retail Maximum | 13 | – | ₹- |
S-HNI Minimum | 14 | – | ₹- |
B-HNI Minimum | 68 | – | ₹- |
Important Dates
The Hyundai Motor India IPO dates are as follows:
IPO Open Date: | October 14, 2024 |
IPO Close Date: | October 16, 2024 |
Basis of Allotment: | October 17, 2024 |
Refunds: | October 18, 2024 |
Credit to Demat Account: | October 18, 2024 |
IPO Listing Date: | October 21, 2024 |
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.
Period Ended | Revenue (in Crores) | Expense (in Crores) | Profit After Tax (in Crores) | Assets (in Crores) |
2021 | ₹41,404.65 | ₹38,864.40 | ₹1,881.16 | ₹26,730.57 |
2022 | ₹47,966.05 | ₹44,193.84 | ₹2,901.59 | ₹28,358.06 |
2023 | ₹61,436.64 | ₹55,091.07 | ₹4,709.25 | ₹34,573.34 |
Dec 2023 | ₹53,298.09 | ₹47,317.83 | ₹4,382.87 | ₹32,488.34 |
Valuation Metrics for FY2023
Investors may find Hyundai Motor India’s valuation metrics interesting, which include:
Key Performance Indicator (KPI) | Values |
ROE: | NA |
ROCE: | 28.75% |
EBITDA Margin: | 12.52% |
PAT Margin: | 7.67% |
Debt to Equity Ratio: | 0.06 |
Earnings Per Share (EPS): | ₹57.96 (Basic) |
Price/Earnings (P/E) Ratio: | N/A |
Return on Net Worth (RoNW): | 23.48% |
Net Asset Value (NAV): | ₹246.82 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
Maruti Suzuki India Limited | 271.82 | 47.28 | 13.29% | 2,045.53 | 1,17,571.30 Cr. |
Tata Motors Limited | 6.30 | 150.09 | 5.33% | 118.34 | 3,45,966.97 Cr. |
Mahindra & Mahindra Limited | 92.41 | 30.32 | 18.24% | 506.60 | 1,21,268.55 Cr. |
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
What is Hyundai Motor India IPO?
When will the Hyundai Motor India IPO open for subscription?
What are the investor portions for Hyundai Motor India IPO?
How can I apply for the Hyundai Motor India IPO?
What is the issue size of Hyundai Motor India IPO?
What is the price band for Hyundai Motor India IPO?
What is the lot size for Hyundai Motor India IPO?
When is the Hyundai Motor India IPO allotment date?
The allotment date for the Hyundai Motor India IPO is scheduled for October 17, 2024.
When is the Hyundai Motor India IPO listing date?
The listing date for the Hyundai Motor India IPO is set for October 21, 2024, with listings on both BSE and NSE.
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.