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Hyundai Motor India Ltd

Automobile

Offer Period :

15th to 17th Oct 2024

Hyundai Motor India Ltd IPO Details

IPO Date 15th to 17th Oct 2024 Minimum Investment ₹13720 / 1 Lots
Listing Date 2024-10-22 Maximum Investment ₹192080 / 14 Lots
Face Value ₹10 per share Total Issue Size ₹27870.16 Crores
Price ₹1960 to ₹1960 per share Fresh Issue ₹0 Crores
Lot Size 1 Lots (7 Shares) Offer For Sale ₹ 27870.16
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹186 per share    
IPO Date 15th to 17th Oct 2024
Listing Date 2024-10-22
Face Value ₹10 per share
Price ₹1960 to ₹1960 per share
Lot Size 1 Lots (7 Shares)
Listing At BSE, NSE
Employee Discount ₹186 per share
Minimum Investment ₹13720 / 1 Lots
Maximum Investment ₹192080 / 14 Lots
Total Issue Size ₹27870.16 Crores
Fresh Issue ₹0 Crores
Offer For Sale
Retail Discount ₹ 0

Hyundai Motor India Limited IPO

Hyundai Motor India Limited (HMIL) is launching its much-anticipated initial public offering (IPO), with a total issue size amounting to ₹27,870.16 crores. The entire issue consists of an Offer for Sale (OFS) of 14.22 crore shares by its promoter, Hyundai Motor Company. This IPO presents an opportunity for investors to become stakeholders in one of India's leading automotive manufacturers. Hyundai Motor India is known for its extensive lineup of vehicles and its strong market position in the Indian automotive industry. The IPO will provide a chance for Hyundai to strengthen its market presence further.
 

The Hyundai Motor India IPO is set to open for subscription from October 15, 2024, and will close on October 17, 2024. Investors can apply within a price band of ₹1865 to ₹1960 per share. The minimum lot size for retail investors is 7 shares, requiring an investment of at least ₹13,720. For non-institutional investors, the investment varies between ₹205,800 for 15 lots (105 shares) and ₹1,001,560 for 73 lots (511 shares). A special reservation of up to 778,400 shares has been made for employees at a discounted price of ₹186 per share. The IPO is expected to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on October 22, 2024.

Timeline

Important dates for allocation and IPO listing.

15th Oct

IPO Starts

17th Oct

IPO Ends

18th Oct

Allotment Date

21st Oct

Initiation of Refund

21st Oct

Credit of Shares to Demat Account

22nd Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 100 82.5
Public Group 0 17.5

Hyundai Motor India Ltd IPO Reservation

QIB Shares Offered 28283260(19.89%)
NII (HNI) Shares Offered 21212444(14.92%)
Retail Shares Offered 49495704(34.81%)
Anchor Investor Shares Offered 42424890(29.84%)
Total Shares Offered 142194704
Total Shares With Anchor Investor 142194704

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Hyundai Motor India Ltd IPO Registrar

KFin Techologies Ltd
Phone Number 91 40 6716 2222/ 1800 309 4001
Email Id hmil.ipo@kfintech.com
Our Website www.kfintech.com

Hyundai Motor India Ltd IPO Lead Manager

1. Kotak Mahindra Capital Company Ltd

2. Citigroup Global Markets India Pvt Ltd

3. HSBC Securities & Capital Markets (India) Pvt Ltd

4. J.P.Morgan India Pvt Ltd

5. Morgan Stanley India Company Pvt Ltd

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Hyundai Motor India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 2,82,83,260 1,63,04,267 15,92,885.0
Non Institutional Investors (NIIs) 2,12,12,445 58,11,974 15,92,885.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 1,41,41,630 27,82,885 15,92,885.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 70,70,815 30,29,089 15,92,885.0
Retail Individual Investors (RIIs) 4,94,95,705 1,97,95,503 15,92,885.0
Employee Reserved 7,78,400 10,79,680 15,92,885.0
Total 9,97,69,810 4,29,91,424 15,92,885.0

Strength of Hyundai Motor India Ltd

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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).

7. The Company has an experienced management team with a track record of delivering profitable growth and superior returns.

Risks Involved

1. Increases in the prices of parts and materials required for its operations could adversely affect the company's business and results of operations.

2. Two of its Group Companies, Kia Corporation and Kia India Private Limited, are in a similar line of business as the company which may involve conflict of interests, which could adversely impact its business.

3. The company depends primarily on its Group Company, Mobis India Limited (being a subsidiary of Hyundai Mobis Co., Ltd. which is specialised in after-sale parts business for HMC Group Companies), to supply spare parts for after sale services to it and the company dealers. Further, its also depend on Mobis to supply modular parts to it that the company use in the manufacturing process of passenger vehicles and parts and constituted 17.91% of its total parts and materials supplied in the three months ended June 30, 2024. Any failure by Mobis to supply these parts could adversely impact its business. Further, Mobis may engage in transactions with it and other HMC Group Companies that may give rise to conflict situations.

4. The company depends on a limited number of suppliers for parts and materials. Any interruption in the availability of parts and materials could adversely impact its operations. Further, any failures by its suppliers to provide parts and materials to it on time or at all, or as per the company specifications and quality standards could have an adverse impact on its ability to meet its manufacturing and delivery schedules.

5. The company depends on HMC, its Promoter, for the company operations, including for parts and materials (such as engines and transmission assembly) and research and development. Any adverse change in its relationship with HMC and the companies in the Hyundai Motor Group could have an adverse impact on its business, reputation, financial condition, and results of operations.

6. The company has entered into the Royalty Agreement with HMC, its Promoter, and termination of the Royalty Agreement could adversely impact its business and results of operations.

7. Any increase in the royalty fee payable by the Company to HMC, its Promoter, under the Royalty Agreement, including up to and exceeding the limits of 5% of the annual consolidated turnover of the Company as prescribed under the SEBI Listing Regulations, could adversely impact its profitability metrics, including the company earnings per share.

8. Its success depends on the company and HMC's ability to identify market trends, including technological trends, and meet evolving customer demands, while maintaining or improving its profitability. If the company is unable to do so, its sales volumes, business and results of operations would be adversely affected.

9. A significant portion of its sales volumes are derived from the sale of non-EV passenger vehicles, and there is no assurance that the company will be able to adopt its EV strategy successfully and cost-efficiently or at all.

10. Its global operations involve challenges and risks that could increase its costs, adversely affect the company results of operations and require increased time and attention from its management. Further, its primarily depends on HMC for the company exports business and revenue generated from its exports sales constitutes 22.34% and 23.70% of the company revenue from operations in Fiscal 2024 and in the three months ended June 30, 2024, and also need their prior permission for exports, including regarding the model and jurisdiction of its exports. Any failures or delay by HMC or it in accessing the export markets could have a material adverse effect on its results of operations and prospects.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 26349.24 34573.34 28358.06
Total Liabilities 26349.24 34573.34 28358.06
Total Expenses 63062.45 55091.07 44193.84
Total Revenue 
71302.33 61436.64 47966.05
Profit After Tax 6060.04 4709.25 2901.59
EBITDA 10605.88 8677.84 6073.71
Adjusted EBITDA 0 0 0

Hyundai Motor India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-22 544274 HYUNDAI
INE0V6F01027
₹1960 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹1960 ₹1960
Open ₹1931 ₹1934
Low ₹1807.05 ₹1807
High ₹1968.8 ₹1970
Low ₹1807.05 ₹1807

Industry Outlook of Hyundai Motor India IPO
 

The Indian construction sector is the second-largest economic segment after
 

- Automotive Sector Growth: The automotive sector in India is poised for steady growth, driven by increasing consumer demand, new vehicle launches, and favorable government policies.
 

- Electric Vehicle Expansion: Hyundai has been focusing on electric vehicles (EVs) and aims to capture a significant portion of this growing market, which aligns with India's shift toward greener energy solutions.
 

- Strong Market Position: As a leading player in the passenger car segment, Hyundai's wide range of products and strong distribution network in India provides a solid foundation for future growth.
 

- Technological Advancements: Hyundai has consistently introduced cutting-edge technology in its vehicles, which helps the company remain competitive in a rapidly evolving market.
 

- Government Initiatives: The Indian government's initiatives, such as the Production Linked Incentive (PLI) Scheme for the automobile sector, provide favorable conditions for companies like Hyundai to expand and innovate.

Popular FAQs
 

The Indian construction sector is the second-largest economic segment after

What is Hyundai Motor India IPO?
 

The Hyundai Motor India IPO is a book-built issue offering ₹27,870.16 crore through an offer for sale of 14.22 crore shares by the promoter, Hyundai Motor Company. The IPO allows the promoter to divest a portion of its stake while listing Hyundai Motor India on the BSE and NSE.


When will Hyundai Motor India IPO open?

The Hyundai Motor India IPO opens for subscription on October 15, 2024, and closes on October 17, 2024. Investors will have a three-day window to apply for shares during this period.


How to apply for Hyundai Motor India IPO?

Investors can apply for the Hyundai Motor India IPO through their demat accounts. Simply log into your trading platform, navigate to the IPO section, select "Hyundai Motor India IPO," enter your bid details, and submit the application. You can also apply through ASBA (Application Supported by Blocked Amount).


When is Hyundai Motor India IPO allotment?

The allotment for the Hyundai Motor India IPO is expected to be finalized on October 18, 2024. Investors can check the status of their allotment through the registrar’s website or their demat accounts.


When is Hyundai Motor India IPO listing date?

The Hyundai Motor India IPO shares are expected to be listed on the BSE and NSE on October 22, 2024. This is the tentative date when the shares will start trading on the stock exchanges.


Who is the registrar of Hyundai Motor India IPO?

The registrar for the Hyundai Motor India IPO is Kfin Technologies Limited. They will manage the allotment process, refunds, and other investor-related services for the IPO.

Frequently Asked Questions

What is Hyundai Motor India Ltd IPO?

Answer Field

Hyundai Motor India Ltd IPO is a Mainboard IPO of 14,21,94,704 equity shares of a face value of ₹10 aggregating up to ₹27870.16 Crores. The issue is priced at ₹1960 to ₹1960 per share. The minimum order quantity is 7 Shares. The IPO opens on October 15, 2024, and closes on October 17, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Hyundai Motor India Ltd IPO will open?

Answer Field

The Hyundai Motor India Ltd IPO opens on October 15, 2024 and closes on October 17, 2024.

What is the lot size of Hyundai Motor India Ltd?

Answer Field

Hyundai Motor India Ltd lot size is 7 shares, and the minimum amount required is ₹13,720.

How to apply for Hyundai Motor India Ltd IPO?

Answer Field

You can apply in Hyundai Motor India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Hyundai Motor India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Hyundai Motor India Ltd IPO will be done on October 18, 2024, and the allotted shares will be credited to your demat account by October 21, 2024.

When is Hyundai Motor India Ltd IPO listing date?

Answer Field

The Hyundai Motor India Ltd listing date is October 22, 2024.

Who is the registrar of Hyundai Motor India Ltd IPO?

Answer Field

The registrar of Hyundai Motor India Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

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 will be the book-running lead manager of this IPO.

What is the fresh issue of Hyundai Motor India Ltd IPO?

Answer Field

The fresh issue size is ₹[-] Crores equity shares.

What minimum lot size can retail subscribers subscribe to Hyundai Motor India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 7 shares and ₹13,720 amount.

How can I approve the UPI mandate request for Hyundai Motor India Ltd IPO?

Answer Field

To apply for Hyundai Motor India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Hyundai Motor India Ltd?

Answer Field

The price of each Hyundai Motor India Ltd share will be ranging in between ₹1960 to ₹1960 per share.

What is the cut-off time for the UPI mandate for Hyundai Motor India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, October 17, 2024.

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