October 22, 2024
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Hyundai Motor India IPO GMP grey market premium, review, Subscription, allotment, listing estimate @ Chanakyanipothi.com
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What is the latest news relating to Hyundai Motor India IPO?
The listing of this IPO was much awaited. After listing at Rs. 1934, the counter has witnessed selling pressure of retail and HNI investors. and once the selling pressure subsides, the share is expected to witness strong recovery. Can be accumulated as long term investment.
What is the latest GMP of Hyundai Motor India IPO?
Hyundai Motor India IPO Subscription Status
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Hyundai Motor IPO Subscriptions (Closed) Price Rs.1960 Lot 7 shares, Rs. 27,870.16 Crore |
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| QIB | B HNI X | S HNI X | NII X | RII X | Total X |
| 6.97 | 0.58 | 0.65 | 0.60 | 0.50 | 2.37 |
| Applications: 2149,715 / (0.30x) Amount wise Bids recd. Rs. ? Crore |
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Hyundai Motor India IPO Allotment Link:
We will provide allotment link, once the allotment is finalised.
Who is the promoter of Hyundai Motor India IPO?
The promoter of the Company is HYUNDAI MOTOR COMPANY
What are the Objects of Hyundai Motor India IPO?
The Offer comprises only an Offer for Sale by the Selling Shareholders.
The objects of the Offer are to
(i) to carry out the Offer for Sale of Equity Shares and
(ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
A Note on the business of Hyundai Motor India?
Hyundai Motor India, a vital arm of the Hyundai Motor Group, stands as the world’s third-largest auto OEM based on passenger vehicle sales in CY2023. Since Fiscal 2009, it has consistently held the second-largest position in India’s passenger vehicles market by domestic sales volumes. Known for its extensive range of reliable, innovative four-wheeler passenger vehicles, Hyundai Motor India boasts a diverse portfolio comprising 13 models spanning sedans, hatchbacks, SUVs, and EVs. The company also excels in manufacturing critical components such as transmissions and engines.
From Fiscal 2005 to the first 11 months of Fiscal 2024, Hyundai Motor India has been India’s largest exporter of passenger vehicles, exporting a substantial cumulative volume during this period. Cumulatively, from 1998 to March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through global exports. Hyundai attributes its market leadership to a combination of extensive product offerings, robust stakeholder relationships, efficient operations, and leveraging cutting-edge technologies like EV innovations.
In CY2023, Hyundai Motor India significantly contributed to HMC’s global sales volumes, with its share increasing from 15.48% in CY2018 to 18.19% in CY2023.
32nd rank in Best Global Brands 2023:
Hyundai Motor Group benefits from HMC’s centralized R&D hub overseeing global initiatives, with an impressive Rs. 1,756.47 billion (KRW 28,486.21 billion or US$24.62 billion) investment in global R&D from CY2014 to CY2023. Interbrand’s “Best Global Brands 2023” recognized Hyundai’s brand value growth, reaching Rs. 1,695.57 billion (US$20.41 billion) in 2023, positioning it as the 32nd most valuable brand globally, up three places from 2022.
Hyundai Motor India Plants & Infrastructure:
Located in Irrungattukottai, Sriperumbudur, Chennai, Tamil Nadu, Hyundai Motor India’s manufacturing plant was HMC’s first integrated facility outside Korea. As of March 31, 2024, this plant had a production capacity of 824,000 units, complemented by the acquisition of a new plant in Talegaon, Maharashtra. Expected to begin operations by the second half of Fiscal 2026, this acquisition aims to increase Hyundai’s aggregate annual production capacity across both plants to 994,000 units initially and up to 1,074,000 units upon full operationalization.
As of December 31, 2023, Hyundai Motor India collaborates with 363 dealer companies across India for distribution and sales, supported by a dedicated workforce of 5,475 full-time employees. The company emphasizes a role-based organizational structure, fostering continuous learning and development opportunities.
Investment in Futuristic Technology:
Hyundai Motor India has invested Rs. 297.41 billion in tangible fixed assets and capital work in progress in India operations as of December 31, 2023. Committed to India’s sustainable future, Hyundai is actively developing an EV supply chain and localizing EV parts. Additionally, it collaborates with the Government of Tamil Nadu and the Indian Institute of Technology Madras to advance cost-effective green hydrogen energy solutions.
For more information, click www.hyundai.com/in/en
Hyundai Motor India IPO GMP grey market premium, review, Subscription, allotment, listing estimate
Hyundai Motor India IPO Details |
|
| IPO opens on | 15 October 2024 |
| IPO closes on | 17 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 142,194,700 Shares / Rs 27870.16 Crore |
| * Fresh Issue | – Sh /Rs – Cr |
| * Offer for Sale | 142,194,700 shares/ Rs.27870.16 Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 1865-1960 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 7 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Hyundai Motor? | Shares | Rs. in Cr |
| QIB (50 %) | 71097350 | 13935.08 |
| NII (15 %) | 21329205 | 4180.52 |
| RII (35 %) | 49768145 | 9754.56 |
| Employees | 778400 | – |
| Total Shares | 142194700 | 27870.16 |
| Retail portion oversubscribed by | ? Forms. | |
| How to apply in Hyundai Motor India IPO? |
Amount Rs. |
|
| Min Retail Appli | 7 Shares | 13720 |
| Max Retail Appli | 98 Shares | 192080 |
| Small HNI (Min) application | 105 Shares | 205800 |
| Small HNI (Max) application | 504 Shares | 987940 |
| Big HNI Application | 511 Shares | 1001560 |
What is the timetable of Hyundai Motor India IPO? |
|
| IPO opens on | 15 October 2024 |
| IPO Closes on | 17 October 2024 |
| IPO Allotment on | 18 October 2024 |
| Unblocking of ASBA | 21 October 2024 |
| Credit of Shares | 21 October 2024 |
| Listing on | 22 October 2024 |
| Registered Office of Hyundai Motor India | |
| Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District – 602 105, Tamil Nadu, India | |
| Who are the Lead Managers of Hyundai Motor India IPO? Kotak Mahindra Capital Company Ltd Citigroup Global Markets India Pvt Ltd HSBC Securities and Capital Markets (India) J.P. Morgan India Pvt. ltd Morgan Stanley India Company Pvt ltd |
|
| Registrar to IPO | |
| KFin Technologies Limited |
Hyundai Motor India IPO Financial & Analytical Ratios |
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| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2021-22 | 47966 | 2902 | 35.71 | 17.21 |
| 2022-23 | 61437 | 4709 | 57.96 | 12.29 |
| 2023-24 | 71302 | 6060 | 74.58 | 12.26 |
| Book Value of the Share on 31.03.2024 |
Rs. | 131.26 | ||
| BV after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 1960 | ||
| Hyundai Motor India IPO Ratio Analysis |
|
| Price /EPS | 26.28 |
| Price/Book Value Ratio | 14.93 |
| Price/BV after IPO | ? |
How Hyundai Motor India IPO compares with the Peers?
Peer Comparison.
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Hyundai Motor India | 10 | 69829 | 26.28 |
| Maruti Suzuki India | 5 | 141858 | 29.38 |
| Tata Motors | 2 | 437928 | 11.36 |
| Mahindra & Mahindra | 5 | 138279 | 29.96 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Hyundai Motor India IPO Review
Hyundai Motor India: A Leading Player in the Indian Automobile Sector
Hyundai Motor India stands out as a premier brand in the Indian automotive landscape, renowned for its innovative designs and advanced technology. The company’s vehicles have garnered significant popularity among car buyers, thanks to their unique features and high-quality performance.
However, it’s important to note that the shares in Hyundai’s IPO are being offered at a premium valuation compared to its peer companies. When evaluating Hyundai alongside industry leaders such as Maruti, Tata Motors, and Mahindra & Mahindra, it becomes clear that Hyundai occupies a distinct market position. Unlike Tata Motors, which focuses heavily on commercial vehicles, or Mahindra & Mahindra, Hyundai’s offerings cater primarily to personal and passenger vehicles, further enhancing its unique standing in the market.
The substantial size of the IPO also suggests a high likelihood of share allotment for investors. While we anticipate a nominal listing premium, there is also a possibility of a discount listing due to the overall market conditions and investor sentiment.
In summary, Hyundai Motor India’s strong brand reputation, innovative product portfolio, and unique market position make it a noteworthy player in the Indian automobile sector, despite the high valuation of its IPO compared to peers.
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