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Introduction to Hyundai IPO
Incorporated in May 1996, Hyundai Motor India Limited (HMIL) is part of the Hyundai Motor Group. The company will issue a book of Rs 27,870.16 crore, which is entirely an offer-for-sale of over 14.22 crore shares. The Initial Public Offering (IPO) shall be opened on 15th October, 2024, and closed on 17th October, 2024.
This IPO subscription consists entirely of an offer-for-sale worth Rs 27,870.16 crore (14.22 crore shares). The firm will be listed on both NSE and BSE.
The allotment for the same will occur on 18th October, 2024. The price range is fixed at Rs 1,865 to Rs 1,960 per share. A minimum of 7 shares constitutes the minimum lot size for a bid. Retail investors need to invest a minimum of Rs 13,720. The small NII investors need a minimum investment of Rs 205,800 for 105 shares, which is 15 lots. Large NII investors need a minimum investment of Rs 1,001,560 for 511 shares, which is 73 lots.
The issue reserves up to 778,400 shares for employees, offered at a Rs 186 discount to the issue price.
Kfin Technologies Ltd is the registrar to the issue. Kotak Mahindra Capital Company Ltd, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd are the book running lead managers in this Hyundai Motor India Ltd IPO.
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Hyundai Motor India Ltd IPO GMP:
| GMP Date | Hyundai IPO GMP | Estimated Listing Price |
| 14-04-2024 | ₹35 | ₹1995 |
| 13-04-2024 | ₹70 | ₹2135 |
| 12-04-2024 | ₹135 | ₹2135 |
| 11-04-2024 | ₹170 | ₹2135 |
| 10-10-2024 | ₹175 | ₹2135 |
| 09-10-2024 | ₹160 | ₹2090 |
Hyundai IPO GMP today is Rs 35, as of 14th October, 2024 03:00 PM. The Hyundai IPO has a price band of Rs 1,960. The estimated listing price for Hyundai IPO is Rs 2025, reflecting a potential gain/loss of 3.5% per share.
For the IPO, the Retail Subject to Sauda is Rs 900, and the Small HNI Subject to Sauda is Rs 13,500. The GMP ranges from a low of Rs 0 to a high of Rs 570.
Hyundai Motor India Ltd IPO Details:
| Hyundai Motor India Ltd IPO Opening Date and Closing Date | 15th October to 17th October |
| Face Value | Rs 10 per share |
| Price Band | Rs 1,865 to Rs 1,960 per share |
| Hyundai Lot Size | 7 Shares |
| Total Issue Size | 142,194,700 shares (aggregating up to Rs 27,870.16 Cr) |
| Offer for Sale | 142,194,700 shares (aggregating up to Rs 27,870.16 Cr) |
| Employee Discount | Rs 186 per share |
| Issue Type | Book-Built Type Issue |
| Listing At | NSE, BSE |
| Shareholding Pre-Issue | 812,541,100 |
| Shareholding Post Issue | 812,541,100 |
| Basis of Allotment | Friday, 18th October, 2024 |
| Refund Initiation | Monday, 21st October, 2024 |
| Credit of Shares in Demate Account | Monday, 21st October, 2024 |
| Hyundai Motors Listing Date | Tuesday, 22nd October, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on 17th October, 2024 |
Hyundai Motor India Ltd IPO Anchor Investors Details:
| Bid Date | 14th October, 2024 |
| Shares Offered | 42,424,890 |
| Anchor Portion Size (in Cr) | 8315.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | 17th November, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | 16th January, 2024 |
Hyundai Motor India Ltd lot size, Shares, And Their Value:
| Application | Lots | Shares | Amounts |
| Retail (Min) | 1 | 7 | Rs 13,720 |
| Retail (Max) | 14 | 98 | Rs 192,080 |
| S-HNI (Min) | 15 | 105 | Rs 205,800 |
| S-HNI (Max) | 72 | 504 | Rs 987,840 |
| B-HNI (Min) | 73 | 511 | Rs 1,001,560 |
Investor categories And Hyundai Motor IPO Shares Offered:
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50.00% of the offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Hyundai Motor India Ltd IPO Company Details
Hyundai Motor India Ltd. is the subsidiary of Hyundai Motor Group and is ranked as the third largest automobile manufacturer worldwide in passenger car sales.
HMIL produces reliable multi-utility vehicles, focusing on transmissions and engines. The company operates 1,366 sales points and 1,550 service points across India to meet customer mobility needs.
Till 31st March 2024, HMIL has sold more than 12 million passenger vehicles in India and through exports. The models on which the brand has actually banked are Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, and Creta.
As of 31st December, 2023, the company has added 363 dealer partners in India. All models assembled at the Chennai facility are sold in the geographical locations of Africa, Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Financials Of Hyundai Motor IPO:
For the period ended on 31st March, 2024 & 31st March, 2023:
| Periods Ended | 31st Mar, 2024 | 31st Mar, 2023 |
| Assets | Rs 26,349.25 Cr. | Rs 34,573.34 Cr. |
| Revenue | Rs 71,302.33 Cr. | Rs 61,436.64 Cr. |
| Profit After Tax | Rs 6,060.04 Cr. | Rs 4,709.25 Cr. |
| Net Worth | Rs 10,665.66 Cr. | Rs 20,054.82 Cr. |
| Reserves and Supplies | Rs 9,853.12 Cr. | Rs 19,242.28 Cr. |
| Total Borrowing | Rs 767.92 Cr. | Rs 1,158.6 Cr. |
Invest in Hyundai IPO Or Not?
Financial Performance:
Revenue: The company generated Rs 17,567.98 crore in revenue during the period ended on 30th June, 2024.
Profit After Tax (PAT): The company earned a profit of Rs 1,489.65 crore after deducting taxes.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 12,148.71 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 25,370.24 crore.
Reserves and Surplus: The company has accumulated reserves and surplus of Rs 11,336.17 crore.
Total Borrowing: The company has borrowed a total of Rs 758.14 crore.
Hyundai Motor India Key Performance Indicators (KPI) and their values:
The market capitalisation of Hyundai Motor India Ltd IPO is Rs 159,258.06 crore.
| KPI | Values |
| Return on Capital Employed (ROCE) | 13.69% |
| Return on Net Worth (RoNW) | 12.26% |
| Price to Book Value (P/BV) | 14.93 |
Objectives of the Hyundai Motor India Ltd IPO:
The company will not receive any proceeds from the offer. All proceeds, after deducting expenses and taxes, will go to the Promoter Selling Shareholder.
Some major risks associated with the Hyundai Motor India Ltd IPO are:
- Rising material costs may significantly affect margins and operations.
- Dependence on few suppliers creates risks of supply chain disruptions.
- The company’s relationship with HMC is vital for continued operations.
- Legal proceedings could lead to financial or reputational harm.
- Competition from Kia and others may cause market challenges.
- Incorrect demand forecasts impact capacity utilisation.
Hyundai Motors IPO FAQs:
What is the price band for Hyundai Motor India’s IPO?
The price band is set between Rs 1,865 and Rs 1,960 per share.
What is the retail investor quota for Hyundai Motor India’s IPO?
Retail investors will get at least 35% of the shares.
Where can I track Hyundai Motor India’s stock performance?
You can track it on Unicorn Signals 2-3 days after listing.
How do I subscribe to Hyundai Motor India’s IPO?
Subscribe via your demat account or through your bank/financial institution during the IPO period.
What is the closing time for Hyundai Motor India’s IPO subscription?
The deadline is 5 PM on 17th October, 2024, but most brokers stop accepting applications by 1-3 PM.
Where can I get detailed information on the Hyundai Motor India Ltd IPO?
Detailed information on the same can be found in the following documents filed with SEBI by the company:
Disclaimer: This information is for educational purposes only and should not be considered investment advice. All investments carry market risks. Please read all relevant documents carefully before making any investment decisions.
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