Hyundai IPO Overview
Hyundai Motor IPO is a major book-built issue valued at ₹27,870.16 crores, consisting entirely of an offer for sale of 14.22 crore shares. The IPO will be open for subscription from October 15 to October 17, 2024, with the allotment expected to be finalized on October 18, 2024. The tentative listing date on the BSE and NSE is October 22, 2024. The price band is set between ₹1865 to ₹1960 per share, with a minimum lot size of 7 shares, requiring a retail investment of ₹13,720. For sNII, the minimum lot size is 105 shares (₹205,800), while for bNII, it is 511 shares (₹1,001,560).
The IPO also includes a reservation of 778,400 shares for employees, offered at a ₹186 discount per share. Leading financial institutions such as Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities, J.P. Morgan, and Morgan Stanley are the book-running lead managers for this issue, while KFin Technologies Limited is the registrar for the IPO.
Refer to Hyundai Motor IPO DRHP for detailed information.
Hyundai Motor IPO Important dates
Hyundai Motor IPO opens on October 15, 2024, and closes on October 17, 2024.
| IPO Open Date | Tuesday, October 15, 2024 |
| IPO Close Date | Thursday, October 17, 2024 |
| Basis of Allotment | Friday, October 18, 2024 |
| Initiation of Refunds | Monday, October 21, 2024 |
| Credit of Shares to Demat | Monday, October 21, 2024 |
| Listing Date | Tuesday, October 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 17, 2024 |
Hyundai Motor Financial Performance
Hyundai Motor India Limited’s revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | ₹ 32,488.34 Crore | ₹ 34,573.34 Crore | ₹ 28,358.06 Crore | ₹ 26,730.57 Crore |
| Revenue | ₹ 53,298.09 Crore | ₹ 61,436.64 Crore | ₹ 47,966.05 Crore | ₹ 41,404.65 Crore |
| Profit After Tax | ₹ 4,382.87 Crore | ₹ 4,709.25 Crore | ₹ 2,901.59 Crore | ₹ 1,881.16 Crore |
| Net Worth | ₹ 19,777.92 Crore | ₹ 20,054.82 Crore | ₹ 16,856.26 Crore | ₹ 15,311.34 Crore |
| Reserves and Surplus | ₹ 18,965.38 Crore | ₹ 19,242.28 Crore | ₹ 16,043.71 Crore | ₹ 14,498.80 Crore |
| Total Borrowing | ₹ 784.48 Crore | ₹ 1,158.60 Crore | ₹ 1,140.03 Crore | ₹ 1,341.75 Crore |
Hyundai Motor IPO Key Performance Indicator
The market capitalization of Hyundai Motor IPO is Rs 159258.06 Cr.
KPI as of June 30, 2024.
| KPI | Values |
|---|---|
| ROCE | 13.69% |
| RoNW | 12.26% |
| P/BV | 14.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 74.58 | 73.33 |
| P/E (x) | 26.28 | 26.73 |
Hyundai Motor IPO Lot Size
Investors can bid for a minimum of 7 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 7 | ₹13,720 |
| Retail (Max) | 14 | 98 | ₹192,080 |
| S-HNI (Min) | 15 | 105 | ₹205,800 |
| S-HNI (Max) | 72 | 504 | ₹987,840 |
| B-HNI (Min) | 73 | 511 | ₹1,001,560 |
Hyundai Motor IPO Details
| IPO Date | October 14 to 21 October |
| Listing Date | [October 21, 2024] |
| Face Value | ₹10 per share |
| Price | ₹1865 to ₹1960 per share |
| Lot Size | yet to be announced. |
| Total Issue Size | 142,194,700 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 812,541,100 |
| Share holding post issue | 812,541,100 |
Hyundai Motor IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Hyundai Motor IPO Company Overview and Services
Incorporated in May 1996, Hyundai Motor India Limited (HMIL) is part of the Hyundai Motor Group, the third-largest original equipment manufacturer (OEM) globally by passenger vehicle sales.
Manufacturing and Product Offerings
Hyundai manufactures and sells a diverse range of innovative, feature-rich, and reliable four-wheeler passenger vehicles, leveraging the latest technology. Along with vehicles, Hyundai also produces essential automotive parts, such as transmissions and engines.
Sales and Service Network
With an expansive network of 1,366 sales points and 1,550 service points across India, Hyundai provides comprehensive mobility solutions to a wide customer base.
Sales Milestone
As of March 31, 2024, Hyundai has sold nearly 12 million passenger vehicles in India and through exports.
Product Lineup
Hyundai’s vehicle lineup includes a wide variety of sedans, hatchbacks, SUVs, and electric vehicles (EVs). Popular models include:
- Grand i10 NIOS
- i20, i20 N Line
- AURA, Elantra
- Venue, Venue N Line
- Verna, Creta, Creta N Line
- Alcazar, Tucson
- Ioniq 5 (all-electric SUV)
Dealer Partnerships
By December 31, 2023, Hyundai had established partnerships with 363 dealer companies for vehicle distribution and sales across India.
Manufacturing and Export
HMIL’s manufacturing plant near Chennai is capable of producing its full range of vehicles. Hyundai exports its products to multiple international markets, including Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Hyundai Motor IPO SWOT Analysis
Strengths:
- Strong Brand Reputation:
Hyundai is a globally recognized automotive brand known for producing reliable, affordable, and innovative vehicles, which helps attract investors and consumers alike. - Diversified Product Portfolio:
Hyundai offers a wide range of vehicles, including sedans, SUVs, electric vehicles (EVs), and hybrid models. This diversification helps the company cater to various market segments and adapt to changing consumer preferences. - Innovation in Electric Vehicles:
Hyundai has made significant investments in electric vehicles (EVs) and alternative energy sources, positioning itself as a strong player in the growing EV market. The company’s efforts in autonomous driving technology also highlight its commitment to innovation. - Global Presence:
Hyundai operates in over 200 countries, giving it a large customer base and reducing dependence on any single market. This global footprint provides opportunities for growth, especially in emerging markets. - Strong Financial Performance:
Hyundai’s consistent profitability and revenue growth over the years make it an attractive prospect for IPO investors. The company has shown resilience even during economic downturns.
Weaknesses:
- Dependence on Traditional Automotive Markets:
Despite its diversification, Hyundai remains highly dependent on the traditional automotive markets of the U.S., Europe, and South Korea. Any downturn in these markets can negatively impact sales and profitability. - Limited EV Market Share Compared to Competitors:
Although Hyundai has made strides in the electric vehicle space, its market share in EVs still lags behind key competitors such as Tesla and other traditional automakers like Volkswagen. - Quality and Recall Issues:
Hyundai has faced several recalls in the past due to quality and safety concerns, which can hurt brand image and lead to financial losses. Addressing these issues promptly is crucial to maintaining customer trust. - High Competition:
The automotive industry is highly competitive, with established players like Toyota, Volkswagen, and Ford, along with new entrants in the EV market, challenging Hyundai’s growth and market share.
Opportunities:
- Growth in Electric Vehicles (EVs):
With the global shift toward sustainability and eco-friendly transportation, Hyundai has the opportunity to capture a larger market share in the electric vehicle sector. Expanding its EV portfolio and infrastructure will be key to future success. - Expanding Presence in Emerging Markets:
Rapid urbanization and growing middle-class populations in emerging markets like India, Southeast Asia, and Africa present significant growth opportunities for Hyundai’s affordable vehicle offerings. - Partnerships and Alliances:
Strategic partnerships with tech companies and other automakers can help Hyundai accelerate its innovation in autonomous driving, artificial intelligence, and smart mobility, creating new revenue streams. - Government Incentives for EVs and Green Technology:
Many governments worldwide are offering incentives for EV adoption and green technology investments. Hyundai can benefit from these subsidies to boost sales and reduce production costs.
Threats:
- Supply Chain Disruptions:
Global supply chain issues, including shortages of semiconductors and other essential components, can negatively affect Hyundai’s production capacity and delay product launches. - Fluctuating Raw Material Costs:
The rising costs of raw materials such as steel and lithium (used in EV batteries) can increase production expenses and put pressure on profit margins. - Economic Downturns:
Hyundai’s performance is closely tied to global economic conditions. A recession, high inflation, or reduced consumer spending could lead to lower vehicle demand, affecting overall revenue. - Tightening Emission Regulations:
Stricter environmental regulations in various countries could increase production costs for traditional internal combustion engine (ICE) vehicles, forcing Hyundai to accelerate its transition to green technologies at a higher cost.
Hyundai IPO GMP Details
Hyundai Motor IPO last GMP is ₹63, last updated Oct 15th 2024. With the price band of 1960.00, Hyundai Motor IPO’s estimated listing price is ₹2020 (cap price + today’s GMP).The expected percentage gain/loss per share is 3.21%.
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 16-10-2024 | 1960.00 | ₹63  |
300/4500 | ₹2023 (3.21%) | 16-Oct-2024 |
| 15-10-2024 Open | 1960.00 | ₹63  |
300/4500 | ₹2023 (3.21%) | 15-Oct-2024 |
| 14-10-2024 | 1960.00 | ₹45  |
200/3000 | ₹2005 (2.3%) | 14-Oct-2024 |
| 13-10-2024 | 1960.00 | ₹65 |
300/4500 | ₹2025 (3.32%) | 13-Oct-2024 |
| 11-10-2024 | 1960.00 | ₹75 |
400/6000 | ₹2035 (3.83%) | 11-Oct-2024 |
| 10-10-2024 | 1960.00 | ₹132 |
700/10500 | ₹2092 (6.73%) | 10-Oct-2024 |
| 09-10-2024 | 1960.00 | ₹175 |
900/13500 | ₹2135 (8.93%) | 9-Oct-2024 |
| 08-10-2024 | 1960.00 | ₹147 |
800/12000 | ₹2107 (7.5%) | 8-Oct-2024 |
Hyundai IPO subscription status
Hyundai Motor IPO Subscription Status Live
Hyundai Motor IPO subscribed 0.18 times. The public issue subscribed 0.27 times in the retail category, 0.05 times in QIB, and 0.13 times in the NII category by October 15, 2024 (Day 1).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 0.05 | 28,283,260 | 13,89,647 | 272.37 |
| Non-Institutional Buyers | 0.13 | 21,212,445 | 27,89,542 | 546.75 |
| bNII (bids above ₹10L) | 0.06 | 14,141,630 | 9,11,960 | 178.74 |
| sNII (bids below ₹10L) | 0.27 | 7,070,815 | 18,77,582 | 368.01 |
| Retail Investors | 0.27 | 49,495,705 | 1,32,42,327 | 2,595.50 |
| Employees | 0.81 | 778,400 | 6,29,041 | 123.29 |
| Others | [.] | 0 | 0 | 0 |
| Total | 0.18 | 98,991,410 | 1,80,50,557 | 3,537.91 |
Total Application : 970,026 (0.14 times)
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
Hyundai Motor IPO (Day-wise) Subscription Details (times)
| Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Day 1 October 15, 2024 |
0.05 | 0.13 | 0.27 | 0.81 | 0.18 |
Hyundai Motor IPO Allotment status
Hyundai Motor IPO allotment status is not available at this time. Hyundai Motor IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Hyundai Motor India Limited IPO allotment status.
To check Hyundai Motor IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
On securing the allotment, you will receive the credit of equivalent shares in your Demat account.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on 04067162222, 04079611000 or send an email with all relevant details to hmil.ipo@kfintech.com.
Hyundai Motor Contact Details
Hyundai Motor India Limited
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
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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