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Hyundai Motor India IPO

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What is the latest news relating to Hyundai Motor India IPO?   

Established in 1996 by the Hyundai Group, Hyundai Motor India has grown to become a leading manufacturer and seller of passenger vehicles in India. Specializing in sedans, hatchbacks, SUVs, and EVs, the company also manufactures critical components like transmissions and engines. With a diverse portfolio of 13 models, Hyundai is a key player in the global automotive industry.

As of 2023, Hyundai Motor ranks as the world’s third-largest auto Original Equipment Manufacturer (OEM) based on passenger vehicle sales. Since its inception, Hyundai has sold nearly 12 million passenger vehicles in India and through global exports up to March 2024. Notably, Hyundai has consistently held the position of the second-largest auto OEM in the Indian market since 2009, based on domestic sales volumes.

What is the latest GMP of Hyundai Motor India IPO? 

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Hyundai Motor India IPO Subscription Status

Hyundai Motor IPO Subscriptions (Day 1)

Price Rs.1960 Lot 7 shares, Rs. 27,870.16 Crore

QIB B HNI X S HNI X NII X RII X Total X
0.05 0.06 0.27 0.13 0.27 0.18
Applications: 9,69,675 / (0.14x)
Amount wise Bids recd. Rs. ? Crore

 

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

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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Hyundai Motor India IPO GMP grey market premium, review, Subscription, allotment, listing estimate

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