Hyundai Motor India IPO Day 3: 0.45 Times Subscription Update

Hyundai Motor India Limited's initial public offering (IPO) has garnered moderate investor interest, with subscription rates showing a gradual increase over the three-day period. Starting modestly on day one, the IPO witnessed a steady uptick in demand, resulting in a 0.45 times subscription by 10:49:11 AM on day three. This response indicates growing but cautious investor sentiment towards Hyundai Motor India Limited's shares.

The IPO, which opened on 15th October 2024, has seen progressive growth in investor participation across most categories. Hyundai Motor India Limited attracted bids for 4,51,91,097 equity shares amounting to ₹8,857.455 crore.

The Employee segment, in particular, has shown strong demand, followed by increased interest from Qualified Institutional Buyers (QIB). The Retail Investors and Non-Institutional Investors (NII) have shown moderate participation as of the latest update.

Subscription Status of Hyundai Motor India IPO for Days 1 and 2:

Here are the subscription details for Hyundai Motor India Limited IPO as of Day 2 (16th October 2024, 5:35:08 PM)

Total Applications: 1,660,682

Note: The total amount is calculated based on the upper price of the issue price range.

Key Highlights:

• Hyundai Motor India IPO is currently subscribed 0.45 times, with the strongest demand from Employees.
• Employees have shown overwhelming interest, with a subscription ratio of 1.43 times.
• Qualified Institutional Buyers (QIB) have shown increased interest, with a subscription ratio of 0.63 times.
• Retail investors have demonstrated moderate enthusiasm, with a subscription ratio of 0.41 times.
• Non-Institutional Investors (NII) have shown limited interest, with a subscription ratio of 0.28 times.
• The overall subscription trend shows a steady increase over the three-day period, indicating growing but cautious investor sentiment towards the issue.
   

Check Hyundai Motor India IPO Anchor Allocation at 29.83%

Hyundai Motor India IPO - Day 1 Subscription at 0.18 Times

Key Highlights:

• On Day 1, Hyundai Motor India IPO was subscribed 0.18 times, with the strongest demand from Employees.
• Employees showed early strong interest with a subscription ratio of 0.81 times.
• Retail investors showed moderate initial interest with a subscription ratio of 0.27 times.
• Non-Institutional Investors (NII) showed limited initial interest with a subscription ratio of 0.13 times.
• Qualified Institutional Buyers (QIB) showed minimal initial interest with a subscription ratio of 0.05 times.
• The first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Hyundai Motor India Limited:

Hyundai Motor India Limited, incorporated in May 1996, is a part of the Hyundai Motor Group, the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales. The company manufactures and sells four-wheeler passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).

For FY 2024, Hyundai Motor India Limited reported a revenue of ₹71,302.33 crore, reflecting a 16% YoY growth, and a Profit After Tax (PAT) of ₹6,060.04 crore, indicating a 29% increase. The company's net worth stood at ₹10,665.66 crore as of 31st March 2024. Key performance indicators include a Return on Capital Employed (ROCE) of 13.69% and a Return on Net Worth (RoNW) of 12.26%.

As of 31st March 2024, the company has sold nearly 12 million passenger vehicles in India and through exports. Hyundai Motor India Limited operates a network of 1,366 sales points and 1,550 service points across India.

Read more about Hyundai Motor India IPO

Highlights of the Hyundai Motor India IPO:

• IPO Date: 15th October 2024 to 17th October 2024
• Listing Date: 22nd October 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹1865 to ₹1960 per share
• Lot Size: 7 Shares
• Total Issue Size: 142,194,700 shares (aggregating up to ₹27,870.16 Cr)
• Offer for Sale: 142,194,700 shares (aggregating up to ₹27,870.16 Cr)
• Employee Discount: ₹186 per share
• Issue Type: Book Built Issue IPO
• Listing At: BSE, NSE
• 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 and Morgan Stanley India Company Pvt Ltd
• Registrar: Kfin Technologies Limited

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