Hyundai Motor India IPO

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Passenger Cars & Utility Vehicles

Listed On: Oct 22, 2024 at ₹ 1934.0(NSE)

₹ 13720 /7 Shares

Check Allotment

Price Summary

Last Closing

1,825.05 (-6.89%)

52 Week High

1,970.00

52 Week Low

1,688.50

Last Update

21-Nov-2024 3:30 PM

Hyundai Motor India IPO Details

15 Oct, 2024

Open Date

17 Oct, 2024

Close Date

18 Oct, 2024

Allotment Date

22 Oct, 2024

Listing Date

Issue Price

₹1865-1960 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

1934.0(NSE)

Listing Date

2024-10-22

Market 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 Limited
Citigroup 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 times

IPO Docs

DRHP RHP ANCHOR

Hyundai 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

Total No. of Applications: 21,49,715 (Approx)

Retail Subscription on the basis of Applications: Retail:0.29x BHNI:0.09x SHNI:0.51x times

Hyundai Motor India Valuations

EPS Pre IPO

74.58

EPS Post IPO

73.33

P/E Pre IPO

26.28

P/E Post IPO

26.73

RoNW

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

Strength

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.

Weakness

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%

Company Promoter(s)

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

Hyundai Motor India raises Rs 8,315 crore from 225 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

Company Contact Details

Hyundai Motor India

Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District-602105

Phone: +91 446710 5135

Email: complianceofficer@hmil.net

Website: https://www.hyundai.com/in/en

Registrar Contact Details

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: hmil.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

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.