Hyundai Motor IPO (Hyundai Motor India Limited IPO)
Hyundai Motor IPO open for bidding on 15th October 2024 and ends on 17th October 2024.
Hyundai Motor India Limited (HMIL) is a leading automotive manufacturer, known for popular models like the Hyundai Creta, Hyundai Verna, and Hyundai i20, offering a wide range of vehicles, designed with innovation and sustainability at the core. Established in 1996, HMIL has grown to become a dominant player in the Indian automotive market, operating from advanced manufacturing facilities in Tamil Nadu. As the Indian subsidiary of Hyundai Motor Company, the firm benefits from global expertise, while catering to the domestic market’s diverse needs.
The company is recognized for its strong focus on research and development (R&D), with a growing emphasis on electric vehicles (EVs) and eco-friendly technologies, aligning with the future of clean mobility. With robust export operations serving over 90 countries, HMIL is a key driver in India’s automotive export landscape, further enhancing its global presence. The company boasts annual car sales of over 500,000 units.
For more details refer to Hyundai Motor IPO RHP and Hyundai Motor IPO Pulse Score
Hyundai Motor IPO Details
| IPO Date | 15th October 2024 to 17th October 2024 |
| Listing Date | 22nd October 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹1865 to ₹1960 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 | ₹186 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 4,24,24,890(29.8%) |
| QIB | 2,82,83,260(19.9%) |
| NII | 2,12,12,445(14.9%) |
| bNII | 1,41,41,630(9.9%) |
| sNII | 70,70,815(5%) |
| Retail | 4,94,95,705(34.8%) |
| Employees | 7,78,400(0.5%) |
| Total | 14,21,94,700(100%) |
Hyundai Motor IPO Timeline
| IPO Open | 15th October 2024 |
| IPO Close | 17th October 2024 |
| Basis Of Allotment | 18th October 2024 |
| Initiation of Refunds | 21st October 2024 |
| Credit of Shares to Demat | 21st October 2024 |
| Listing Date | 22nd October 2024 |
Fundamentals
Data as of 30th June 2024
| Market Cap | ₹1,59,258.06 Cr | P/E Ratio- Pre IPO | 26.28 |
| RoNW | 12.26% | P/E Ratio- Post IPO | 26.73 |
| RoCE | 13.69% | P/B Ratio | 14.93 |
| Debt to Equity | 1.09 | PAT Margin% | 8.48% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for June 2024.
Hyundai Motor IPO Objectives
The Company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds
will be received by the Promoter Selling Shareholder after deduction of Offer related expenses and relevant taxes
thereon, to be borne by the Promoter Selling Shareholder.
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