Hyundai Motor India Ltd
Price Range
₹1,865 - ₹1,960
Min. Quantity
7
Closes on
17 October 2024
Min. investment
₹13,720/98 Shares
Hyundai Motor India Ltd IPO Timeline
Hyundai Motor India Limited was incorporated on May 6, 1996 as a Public Limited Company with the name 'Hyundai Motor India Limited', pursuant to a Certificate of Incorporation granted by the Registrar of Companies, Tamil Nadu and subsequently, a Certificate of Commencement of Business dated May 10, 1996 was issued to the Company by the Registrar of Companies, Tamil Nadu.
| Event | Date |
|---|---|
| Hyundai Motor India Ltd IPO Opening Date | 15 October 2024 |
| Hyundai Motor India Ltd IPO Closing Date | 17 October 2024 |
| Basis of Allotment | 18 October 2024 |
| Initiation of Refunds | 21 October 2024 |
| Credit of Shares to Demat | 21 October 2024 |
| Hyundai Motor India Ltd IPO Listing Date | 22 October 2024 |
Hyundai Motor India Ltd IPO Details
| Hyundai Motor India Ltd IPO Date | 15 October 2024 to 17 October 2024 |
| Hyundai Motor India Ltd IPO Face Value | ₹10 per share |
| Hyundai Motor India Ltd IPO Price | ₹1865 to ₹1960 per share |
| Hyundai Motor India Ltd IPO Lot Size | 7 |
| Issue Size | Shares of ₹10 (aggregating up to ₹27,858.8 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹0 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹27,870.16 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 2,82,83,260 of the Net Offer |
| Retail Shares Offered | Not less than 4,94,95,705 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 2,12,12,445 of the Net Offer |
| Company Promoters | Hyundai Motor Company |
Hyundai Motor India Ltd IPO Lot Size
The Hyundai Motor India Ltd IPO lot size is 7 shares. A retail-individual investor can apply for up to 14 lots (98 shares or ₹1,92,080).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 7 | ₹13,720 |
| Maximum | 14 | 98 | ₹1,92,080 |
- Strengths
- Risks
- Opportunities
- The Company has been the second largest auto OEM since Fiscal 2009 in the Indian passenger vehicles market in terms of domestic sales volumes, according to the CRISIL Report.
- The Company has diverse portfolio of passenger vehicles across powertrains and across major passenger vehicle segments. Its current portfolio of passenger vehicles caters to a diverse customer base, such that it is able to offer "something for everyone". Currently, its portfolio includes 13 passenger vehicle models (including N Line models which are the passenger vehicle models that feature sporty performance features) across all major passenger vehicle segments by body type.
- The Company identifies emerging market trends in a timely manner and introduce innovative passenger vehicles and technologies to meet customer needs in India. The Company identifies emerging market trends, latent customer needs and aspirations based on its and HMC's global network, in-depth market and product research.
- The Company has pan-India sales and distribution and after-sale services network offered by its dealers. As of June 30, 2024, the company had 1,377 sales outlets across 1,036 cities and towns in India and 1,561 service centres across India across 957 cities and towns in India, which has grown from 1,167 sales outlets across 873 cities and towns in India and 1,307 service centres across 814 cities and towns in India as of March 31, 2021.
- The Company has digitised its customers and dealers' interactions with each other and with the company. Through the "myHyundai" app and its website, customers can interact with the company at every stage of the passenger vehicle purchase journey and access after-sale services.
- The Company has flexible and automated manufacturing capabilities. The Chennai Manufacturing Plant was amongst the few large single location passenger vehicle manufacturing plants in India in terms of production capacity as of June 2024, according to the CRISIL Report. Its passenger vehicles are based on five different platforms (four for ICE passenger vehicles and one for EVs).
- The Company has an experienced management team with a track record of delivering profitable growth and superior returns.
Company Financials
Hyundai Motor India Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 25,653.75 | 69,995.27 | 5954.31 |
| 03-2023 | 34,158.61 | 60,880 | 4653.85 |
| 03-2022 | 28,083.82 | 47,623.69 | 2861.76 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To achieve the benefits of listing the equity shares on the Stock Exchanges
Hyundai Motor India Ltd IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 82.5% |
Hyundai Motor India Ltd IPO Subscription Status (Bidding Detail)
The Hyundai Motor India Ltd IPO is subscribed 2.37 times on 17 October 2024 05:00:00 PM. The public issue subscribed 0.5 times in the retail category, 6.97 times in the QIB category, and 0.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 6.97 | 0.6 | 0.5 | 1.74 | 2.37 |
Hyundai Motor India Ltd IPO Prospectus
Hyundai Motor India Ltd IPO Listing Date
| Listing Date | 22 October 2024 |
| BSE Script | 544274 |
| NSE Symbol | HYUNDAI |
| Listing In | BSE, NSE |
| ISIN | INE0V6F01027 |
| IPO Price | ₹1,960 |
| Face Value | ₹10 |
Company Contact Information
Plot No H-1 SIPCOT Indl ParkIrugattukottai Sriperumbudur,Kancheepuram-602105
Phone: +91 44 6710 5135
Email: complianceofficer@hmil.net
Website: www.hyundai.com/in/en
Hyundai Motor India Ltd IPO Registrar
Hyundai Motor India Ltd IPO Lead Manager(s)
- Kotak Mahindra Capital Company Ltd
- Citigroup Global Markets India Pvt Ltd
- HSBC Securities & Capital Markets (India) Pvt Ltd
- J.P.Morgan India Pvt Ltd
- Morgan Stanley India Company Pvt Ltd
FAQ
What is the issue size of Hyundai Motor India Ltd IPO?
I have pre-applied for Hyundai Motor India Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.