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Hyundai Motor India: India’s largest IPO till date
Hyundai Motor India, the Indian subsidiary of South Korean major Hyundai, hit the street with India’s largest initial public offer of up to ₹27,870 crore on 14th October 2024. Hyundai Motor India’s parent decided to list its Indian business locally to fund its global expansion plans, and to fund the electrification of its products.
This IPO is purely an offer for sale and has no fresh issue of shares.
Here are key details of Hyundai Motor India IPO
| IPO Open Date | 15-Oct-2024 |
|---|---|
| IPO Close Date | 17-Oct-2024 |
| IPO Price Band | ₹1865 to ₹1960 per share |
| Issue Size | Up to ₹27,870.2 crore offer for sale |
Object of the issue
As it is not a fresh issue, the funds raised will go directly to the parent of Hyundai Motor India. The company wants to achieve the benefits of listing on the stock exchanges.
Company Financials (Amount in ₹ Crore)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| March 31, 2023 | 34158.61 | 60880.00 | 4653.85 |
| March 31, 2022 | 28083.82 | 47623.69 | 2861.76 |
| March 31, 2021 | 26498.24 | 41101.00 | 1847.16 |
