Hyundai Motor India Limited IPO, GMP, Details, Price, And Review IPO Details
| Detail | Description |
|---|---|
| IPO Date | Description |
| IPO Date | October 15, 2024 to October 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 1,865 to ₹ 1,960 per share |
| Lot Size | 7 Shares |
| Total Issue Size | 14,21,94,700 shares (aggregating up to ₹ 27,870.16 Cr) |
| Offer for Sale | 14,21,94,700 shares of ₹10 (aggregating up to ₹ 27,870.16 Cr) |
| Employee Discount | Rs 186 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 81,25,41,100 |
| Shareholding post issue | 81,25,41,100 |
About Hyundai Motor India Limited IPO, GMP, Details, Price, And Review
Hyundai Motor India Limited a part of the Hyundai Motor Group, is the third largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales in CY2023. Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer ("OEM") in the world based on passenger vehicle sales. The company manufactures and sells reliable, feature-rich and innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines.
The company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India. As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports. The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs and electric vehicles (EVs). The company's models include the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson and the all-electric SUV Ioniq 5.
Hyundai Motor IPO Overview
• Issue Type: Book Built Issue
• Total Issue Size: ₹27,870.16 crores
• Offer for Sale: 14.22 crore shares
Key Dates:
• Subscription Opening Date: October 15, 2024
• Subscription Closing Date: October 17, 2024
Price Band:
• Price Range: ₹1865 to ₹1960 per share
Lot Size:
• Minimum Lot Size: 7 shares
Management and Support:
• Book Running 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: Kfin Technologies Limited
Hyundai Motor Limited 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 Anchor Investors Details
| Bid Date | October 14, 2024 |
| Shares Offered | 42,424,890 |
| Anchor Portion Size (In Cr.) | 8,315.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 16, 2025 |
Objectives of Hyundai Motor IPO
The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.
Hyundai Motor India Limited IPO, GMP, Details, Price, And Review Financial Information
Latest Revenue
17,567.98
₹ Crore
Profit After Tax
1,489.65
₹ Crore
Net Worth
12,148.71
₹ Crore
Total Borrowing
758.14
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 June 2024 | 25,370.24 | 17,567.98 | 1,489.65 | 12,148.71 | 758.14 | ||||
| 31 Mar 2024 | 26,349.25 | 71,302.33 | 6,060.04 | 10,665.66 | 767.92 | ||||
| 31 Mar 2023 | 34,573.34 | 61,436.64 | 4,709.25 | 20,054.82 | 1,158.6 | ||||
| 31 Mar 2022 | 28,358.06 | 47,966.05 | 2,901.59 | 16,856.26 | 1,140.03 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹1960 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹623 and a lot size of 7 shares.
Hyundai Motor India Limited IPO, GMP, Details, Price, And Review GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-22 | ₹1960 | ₹62 (3.16%) | 2024-10-22 |
Hyundai Motor India Limited IPO, GMP, Details, Price, And Review Key Performance Indicator
| 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 |
Frequently Asked Questions
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Competitive Strengths
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Hyundai Motor India Limited IPO, GMP, Details, Price, And Review IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |