IPO Details
Bidding Dates
15 Oct '24 - 17 Oct '24
Minimum Investment
₹ 13,720 / 1 Lot (7 Shares)
Price Range
₹ 1,865 - ₹ 1,960
Maximum Investment
₹1,92,080 / 14 Lot (98 Shares)
Retail Discount
To be announced
Issue Size
₹ 27,870.16 Cr
Investor category and sub category
Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investors | Eligible Employees and Eligible Shareholders |Hyundai IPO Dates
Important dates with respect to IPO allotment and listing
IPO Opening Date
Oct 15, 2024
IPO Closing Date
Oct 17, 2024
IPO Allotment Date
Oct 18, 2024
Initiation of Refunds
Oct 21, 2024
Listing Date
Oct 22, 2024
Hyundai IPO Subscription Details
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
Day 1Oct 15, 2024 |
0.05x | 0.13x | 0.27x | 0.81x | 0.18x |
Day 2Oct 16, 2024 |
0.58x | 0.26x | 0.38x | 1.31x | 0.42x |
About Hyundai IPO
Hyundai IPO is a book-built issue worth ₹27,870.16 crores, consisting entirely of an offer for sale of 14.22 crore shares. Hyundai IPO subscription period is from October 15, 2024, to October 17, 2024. The price band for the Hyundai IPO is set between ₹1,865 to ₹1,960 per share.
Hyundai Motor IPO is closed for subscription, check Hyundai Motor share price
The minimum investment for retail investors requires purchasing 7 shares, amounting to ₹13,720. For small Non-Institutional Investors (sNII), the minimum investment is 15 lots (105 shares), totalling ₹2,05,800, while large Non-Institutional Investors (bNII) must invest in 73 lots (511 shares), totalling ₹10,01,560.
The Hyundai Motor India Limited IPO also has a reservation structure based on investor categories. Qualified Institutional Buyers (QIB) are allocated not more than 50% of the net issue, while retail investors are allocated not less than 35%. Additionally, Non-Institutional Investors (NII), also known as High Net-Worth Individuals (HNI), are reserved not less than 15% of the net issue.
Additionally, the IPO includes a reservation of up to 7,78,400 shares for employees at a discounted rate of ₹186 per share. The allotment of shares is expected to be finalised on October 18, 2024, with listing on BSE and NSE tentatively set for October 22, 2024.
Industry Outlook:
- India's GDP growth is expected to average 7.0% between Fiscals 2025 and 2029, outpacing global growth. This benefits Hyundai Motor India Limited by providing a favourable economic environment for business expansion.
- Strong domestic demand driven by urbanisation and higher disposable incomes will increase car sales, presenting significant opportunities for Hyundai Motor India Limited to grow its market share.
Hyundai IPO 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.
About Hyundai Motor India Limited
Hyundai Motor India Limited is fully owned by Hyundai Motor Company (HMC). HMIL offers mobility solutions and has a network of 1,366 sales outlets and 1,550 service centres across India. The company manufactures and sells a range of passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).
Hyundai Motor India Limited plays a crucial role within the Hyundai Motor Group, recognised as the world’s third-largest auto OEM based on passenger vehicle sales in 2023. Since Fiscal 2009, the company has consistently held the position of India’s second-largest auto OEM in terms of domestic sales volumes.
Additionally, Hyundai produces key parts like transmissions and engines. Its vehicle portfolio consists of 13 models, such as the Grand i10 NIOS, i20, i20 N Line, AURA, Exter, Venue, Creta, Alcazar, Tucson, and the Ioniq 5 electric SUV. The manufacturing facility near Chennai is set up to efficiently produce all these models.
Since fiscal 2005, Hyundai Motor India Limited has been India’s leading exporter of passenger vehicles, achieving substantial market presence and operational excellence.
As of March 31, 2024, the company had sold nearly 12 million vehicles cumulatively in India and through exports. This success can be attributed to its wide-ranging product offerings, strong stakeholder relationships, operational efficiency, and proactive adoption of new technologies.
The company prioritises local sourcing, with approximately 90% of its parts and materials procured locally, thereby enhancing operational efficiency and supporting a responsive supply chain. Hyundai Motor India Limited boasts a robust dealer and service network, encompassing over 1,366 sales outlets and 1,550 service centres across India.
Hyundai Motor India Limited remains committed to advancing mobility solutions in India, evidenced by its investments in EV manufacturing infrastructure and sustainable practices.
Application Details of Hyundai IPO
|
Category |
Price Range (₹) |
Maximum Application Amount (₹) |
|
General Investors |
1865 - 1960 |
2 lakh |
|
Employees |
1679 - 1774 |
2 lakh |
|
High Net-Worth Individuals (HNIs) |
1865 - 1960 |
2 - 5 lakh |
For the Hyundai Motor India IPO, eligible participants include General Investors, Employees, and High net-worth individuals, with specific limits on application amounts for each category.
Hyundai IPO Reservation
|
Investor Category |
Percentage of Shares Offered from Net Issue |
|
Qualified Institutional Buyers (QIB) |
Up to 50.00% of the Net Issue |
|
Retail Investors |
At least 35.00% of the Net Issue |
|
Non-Institutional Investors (NII/HNI) |
At least 15.00% of the Net Issue |
This table outlines the share allocation for different investor categories in the Hyundai Motor India IPO.
Hyundai IPO Anchor Investors Details
|
Event |
Details |
|
Anchor Investment Date |
October 14, 2024 |
|
Total Shares Allocated to Anchor Investors |
42,424,890 |
|
Anchor Portion Size (₹ Crore) |
8,315.28 |
|
Lock-in Period End Date for 50% Shares (30 Days) |
November 17, 2024 |
|
Lock-in Period End Date for Remaining Shares (90 Days) |
January 16, 2025 |
Hyundai Motor raised ₹8,315.28 crore from anchor investors as of the anchor investment bid date of October 14, 2024. The lock-in period for 50% of the shares concludes on November 17, 2024, while the remainder is locked in until January 16, 2025.
Hyundai IPO Promoter Holding
Hyundai Motor Company is the promoter, with full ownership before the issue and a reduced stake of 82.50% after the IPO.
|
Promoter |
Hyundai Motor Company |
|
Pre-Issue Shareholding |
100% |
|
Post-Issue Shareholding |
82.50% |
Hyundai Motor IPO Registrar and Lead Manager(s)
Hyundai Motor IPO Lead Managers:
- 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
Registrar for Hyundai Motor IPO:
KFin Technologies Limited
How To Check the Allotment Status of the Hyundai IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How to Apply for Hyundai IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select Bajaj Housing Finance IPO: Find and select the Hyundai Motor India IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Hyundai Motor India Limited
Registered office: Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District 602 105, Tamil Nadu, India
Email: complianceofficer@hmil.net
Phone: +91 44 6710 5135
Financial Performance of Hyundai Motor India
| Particulars | As at and for 9 months ended December 31, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue from Operations (in ₹ million) | 521,579.11 | 603,075.80 | 473,784.32 |
| Profit After Tax (PAT) (in ₹ million) | 43,828.71 | 47,092.50 | 29,015.91 |
| Cash & Cash Equivalents (in ₹ million) | 33,978.31 | 177,411.47 | 141,388.42 |
| Total sales volume (x) | 584,159 | 720,565 | 610,760 |
| Net Worth (in ₹ million) | 197,779.17 | 200,548.18 | 168,562.55 |
| Earnings Per Share (“EPS”) | 53.94 | 57.96 | 35.71 |
| Total Borrowings (in ₹ million) | 7,844.78 | 11,586.00 | 11,400.33 |
| Return On Capital Employed (%) | 27.19 | 28.75 | 20.37 |
Know before investing
Strengths
6-
Second largest auto OEM in India since Fiscal 2009.
-
Largest exporter of passenger vehicles since Fiscal 2005.
-
Market leader in mid-size SUV segment since Fiscal 2019.
-
Diverse portfolio of 13 passenger vehicle models across segments.
-
Extensive sales network with 1,366 outlets across 1,031 cities.
-
Advanced R&D capabilities with a dedicated centre in Hyderabad.
Risks
6-
Rising material costs can impact margins and operations significantly.
-
Dependence on limited suppliers poses supply chain disruption risks.
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Relationship with HMC is critical for ongoing business operations.
-
Legal proceedings could result in financial or reputational damage.
-
Competition from Kia and others could create market conflicts.
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Overestimating or underestimating demand affects capacity utilisation.
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Hyundai IPO Peer Comparison Details
| Company Name | Face Value (₹/share) | Earnings Per Share FY 2024 (₹) | Price/Earnings Ratio FY 2024 | Market Capitalisation (₹ billion) |
|---|---|---|---|---|
| Hyundai Motor India Ltd | 10 | 74.58 | NA | - |
| Maruti Suzuki India Ltd | 5 | 429.01 | 29.38 | 3,962.38 |
| Tata Motors Ltd | 2 | 81.96 | 11.36 | 3,425.54 |
| Mahindra & Mahindra Ltd | 5 | 101.14 | 29.96 | 3,751.79 |
Hyundai Motor India IPO FAQs
Hyundai IPO is a book built IPO. The IPO will be open from October 15, 2024, to October 17, 2024.
The Basis of Allotment will happen on Friday, October 18, 2024.
The IPO subscription window will open on October 15, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 7 shares.
The listing date for Hyundai Motor India is Tuesday, October 22, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
Once the Hyundai IPO shares are listed on the stock market, you can use the following steps to sell your Hyundai Motor IPO shares:
- Log in to your brokerage account
- Select the shares from your portfolio
- Choose the sell option, set the sale price (market or limit order), and confirm the transaction to complete the sale.
To read Hyundai Motor India’s financial statements, download the IPO’s RHP document.
Pre-apply allows investors to apply for the Hyundai Motor India Ltd IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
KFin Technologies Limited is the registrar responsible for managing the IPO allotment process and handling investor queries.
Hyundai Motor India Ltd IPO is proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
