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Hyundai IPO

Hyundai Motor India IPO

  • Status: Closed
  • RHP:
  • ₹ 13,055 / 7 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    22 Oct 2024

  • Listing Price

    ₹1,931.00

  • Listing Change

    -1.48%

  • Last Traded Price

    ₹1,827.95

IPO Details

  • Open Date

    15 Oct 2024

  • Close Date

    17 Oct 2024

  • IPO Price Range

    ₹ 1865 to ₹ 1960

  • IPO Size

    ₹ 27870.16 Cr

  • Listing Exchange

    BSE, NSE

  • Listing Date

    22 Oct 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Hyundai Motor India IPO Subscription Status

Last Updated: 18 October 2024 2:42 PM by 5Paisa

Hyundai Motor India launched its highly anticipated ₹27,870.16 crore IPO on Tuesday, 15 October. It is the largest IPO in India's history surpassing the previous record held by LIC. Since FY09, Hyundai Motor India has remained the country's second largest passenger vehicle maker. Before Hyundai Motor's IPO, India's largest car manufacturer, Maruti Suzuki launched its IPO in 2003.

Hyundai Motor India IPO opens today on 15 October 2024 and will close on 17 October 2024. The company is a member of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (OEM) globally.

The IPO is entirely an offer for sale of 14.22 Cr shares aggregating ₹27,870.16 Cr. The price range is set between ₹1865 to ₹1960 per share and the lot size is 7 shares. 

The allotment is scheduled to be finalized on 18 October 2024. It will go public on BSE, NSE, with a tentative listing date of 22 October 2024.

Kotak Mahindra Capital Company Ltd, Citigroup Global Markets India Private Ltd, HSBC Securities and Capital Markets (India) Private Ltd, J.P. Morgan India Private Ltd and Morgan Stanley India Company Private Ltd are the book-running lead managers, while KFin Technologies Ltd is the registrar. 
 

Hyundai Motor IPO Size

Types Size
Total IPO Size ₹ 27,870.16 Cr
Offer For Sale ₹ 27,870.16 Cr
Fresh Issue -

 

Hyundai Motor IPO Lot Size

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 Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
QIB 6.97 2,82,83,260 19,72,48,156 38,660.639
NII (HNI) 0.60 2,12,12,445 1,27,57,962 2,500.561
Retail 0.50 4,94,95,705 2,49,64,513 4,893.045
Employees 1.74 7,78,400 13,56,565 265.887
Total 2.37 9,97,69,810 23,63,27,196 46,320.130

 

Hyundai Motor IPO Anchor Allocation

Anchor Bid Date 14 October 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) 17 November 2024
Anchor lock-in period end date for remaining shares (90 Days) 16 January 2025

The proceeds from the IPO will not be used for the company’s operational or growth initiatives. Instead, the IPO is being launched to facilitate an exit for the existing shareholders, allowing them to divest their holdings.

Hyundai Motor India is a member of the Hyundai Motor Group, which is the third-largest auto original equipment manufacturer (OEM) globally based on passenger car sales in CY2023. 

According to domestic sales volumes, they have been the second-largest car OEM in the Indian passenger vehicle industry since Fiscal 2009. They have experience producing and marketing cutting-edge, feature-rich, dependable, and technologically advanced four-wheeler passenger cars. 

Their range of 13 models, which spans many passenger car classes and body styles including sedans, hatchbacks, SUVs, and battery-electric vehicles (EVs), serves as an example of this.

In addition, they produce engine and gearbox parts. According to the CRISIL Report, they were also India's top exporter of passenger cars, having shipped the most overall over the period from Fiscal 2005 to the first eleven months of Fiscal 2024.

They have collectively sold close to 12 million passenger cars in India and through exports between 1998 and till March 31, 2024. 

Peers

Maruti Suzuki India Ltd.
Tata Motors Ltd.
Mahindra & Mahindra Ltd.
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY24 FY23 FY22
Revenue 71,302.33 61,436.64 47,966.05
EBITDA 9,132.62 7,548.78 5,486.01
PAT 6,060.04 4,709.25 2,901.59
Particulars (in Rs. Crores) FY24 FY23 FY22
Total Assets 26,349.25 34,573.34 28,358.06
Share Capital 812.54  812.54  812.54 
Total Borrowings 767.92 1,158.6 1,140.03
Particulars (in Rs. Crores) FY24 FY23 FY22
Net Cash Generated From / (used in) operating activities 9251.96  6564.26  5138.41
Net Cash Generated From / (used in) investing activities -10090.47  -1411.62 -905.29
Net Cash Generated From / (used in) financing activities -15930.07  -1579.23 -1662.04
Net Increase (Decrease) In Cash And Cash Equivalents -16768.59  3573.30  2571.08


Strengths

1. Hyundai Motor India is one of the leading automotive manufacturers in India, consistently holding a significant market share.
2. Hyundai offers a diverse range of vehicles, including hatchbacks, sedans, SUVs, and electric vehicles (EVs). 
3. Hyundai has robust manufacturing capabilities in India, with state-of-the-art plants in Tamil Nadu. 
4. Hyundai has been investing in electric vehicles and connected car technologies, aligning itself with global automotive trends. 
5. As a subsidiary of a global automotive giant, Hyundai Motor India benefits from strong financial backing and resources. 
 

Risks

1. The Indian automotive market is highly competitive, with both domestic and international players vying for market share. 
2. The automotive industry is subject to stringent regulatory requirements related to emissions, safety, and fuel efficiency. 
3. Hyundai Motor India's performance is closely tied to the overall economic conditions in India. 
4. The global automotive industry has been facing supply chain challenges, particularly with semiconductor shortages and disruptions caused by geopolitical tensions. 

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FAQs

Hyundai Motor IPO opens from 15th October to 17th October 2024.

The size of Hyundai Motor IPO is ₹27,870.16 Cr.

The price of Hyundai Motor IPO is fixed at ₹1865 to ₹1960 per share. 

To apply for Hyundai Motor IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for the Hyundai Motor India IPO.    
●    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.
 

The minimum lot size of Hyundai Motor IPO is 7 shares and the investment required is ₹13055.

The share allotment date of Hyundai Motor IPO is 18th October 2024

The Hyundai Motor IPO will be listed on 22nd October 2024.

Kotak Mahindra Capital Company Ltd, Citigroup Global Markets India Private Ltd, HSBC Securities and Capital Markets (India) Private Ltd, J.P. Morgan India Private Ltd and Morgan Stanley India Company Private Ltd are the book-running lead managers for Hyundai Motor India IPO.

The company will not receive any proceeds from the Offer. Instead, all proceeds will go to the Selling Shareholders, allocated according to the number of Offered Shares each Selling Shareholder sells as part of the Offer.