The initial public offering (IPO) of Hyundai Motors is projected to take place around the Diwali festival in 2024, which occurs between September and November. This period is expected to coincide with favorable market conditions and the festive atmosphere, which generally enhances investor interest. The valuation of Hyundai Motors India is anticipated to be between $22 billion and $28 billion, with plans to offer 15-20% of its equity, aiming to raise between $3.3 billion and $5.6 billion.
Prominent global financial institutions, including JP Morgan and Citi Capital, have been selected as advisors, while legal support will be provided by Shardul Amarchand Mangaldas (SAM) for domestic matters and Latham & Watkins for international legal issues. The shares are expected to be listed on major Indian stock exchanges, likely the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), ensuring ample liquidity and accessibility for investors.
Hyundai Motor India IPO Details:
| IPO Open Date: | 2024 |
| IPO Close Date: | 2024 |
| Face Value: | ₹10 Per Share |
| IPO Price Band: | Per Share |
| Issue Size: | Approx Shares |
| Fresh Issue: | Approx Shares |
| Offer for Sale: | Approx 142,194,700 Equity share |
| Employee Discount: | ₹0 Per Share |
| Issue Type: | Book Built Issue IPO |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Hyundai Motor India IPO Market Lot:
1. The minimum market lot for the Hyundai Motor India IPO consists of [.] shares, requiring an application amount of ₹[.]. Retail investors are permitted to apply for a maximum of 13 lots, which equates to [.] shares or a total amount of ₹[.].
| Category | Minimum Lot Size | Shares | Application Amount |
|---|---|---|---|
| Retail Minimum | 1 | – | ₹ |
| Retail Maximum | 13 | – | ₹ |
| S-HNI Minimum | 14 | – | ₹ |
| B-HNI Minimum | 68 | – | ₹ |
Hyundai Motor India IPO Dates:
- IPO Open Date: 2024
- IPO Close Date: 2024
- Basis of Allotment: 2024
- Refunds: September 2024
- Credit to Demat Account:2024
- IPO Listing Date: 2024
About Hyundai Motor India IPO-
Hyundai Motors India ranks as the second-largest manufacturer of passenger vehicles in the country, holding a notable market share of 14.9% as of the fiscal year 2024. The company has demonstrated steady growth in both its domestic sales and export activities. In 2023, Hyundai India recorded an impressive 602,000 units sold in the domestic market, reflecting a 9% increase compared to the previous year, while exports also experienced a 10% rise, totaling 163,000 units. The company’s strategic emphasis on SUVs, particularly with successful models such as the Crete and Venue, has significantly contributed to this growth, appealing to Indian consumers and enhancing its market presence. Financially,
Hyundai Motor India reported revenues of ₹63,394 crores for FY23, with profits escalating to ₹4,709 crores, up from ₹2,862 crores in FY22. Furthermore, Hyundai has made considerable investments in India, including a ₹7,000 crore initiative to upgrade the General Motors Talegaon plant, which is anticipated to enhance production capacity and address the increasing demand. The company’s financial risk profile remains strong, characterized by minimal debt and robust liquidity, with cash reserves amounting to approximately ₹17,875 crores as of March 31, 2023.
Hyundai Motor India IPO Financial Performance (in ₹ Crores).
| Year | Revenue | Assets | PAT |
|---|---|---|---|
| 2021 | ₹41404.65 | – | ₹188.16 |
| 2022 | ₹47966.05 | – | ₹2901.59 |
| 2023 | ₹61436.64 | – | ₹4709.25 |
Hyundai Motor India IPO Valuation (FY2023):
- EPS: ₹57.96 per Equity Share
- P/E Ratio: N/A (not yet listed)
- RoNW: 23.48
- NAV: ₹246.82 per Equity Share
Peer Group
- Maruti Suzuki India Limited
- Tata Motors Limited
- Mahindra and Mahindra Limited
Hyundai Motor India Company Promoters:
- Hyundai Motor Company is the Promoter of our Company
IPO Registrar:
Kfin Technologies Limited.
Phone number: 04067162222, 1800 309 4001
Email address: hmil.ipo@kfintech.com
Website address: https://ris.kfintech.com/ipostatus
Hyundai Motor India IPO Company Address-
Hyundai Motor India
Hyundai Motor India Limited
Plot H-1, SIPCOT Industrial Park,
Irrungattukottai, Sriperumbudur Taluk,
Kancheepuram District – 602 105, Tamil Nadu, India
Telephone: +91 44 6710 5135
Email: complianceofficer@hmil.net
Website: www.hyundai.com/in/en.
FAQs: Hyundai Motor India IPO:
What is Hyundai Motor India IPO?
Hyundai Motor India’s IPO is a massive public offering. The company plans to raise Rs 25,000 crore through the IPO. The share price is set between [.] and [.] per share. The IPO will be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
When will Hyundai Motor India IPO start?
IPO is scheduled to open to qualified institutional investors (QIBs), non-institutional investors (NIIs), and retail investors in 2024.
What is the fund allocation for Hyundai Motor India IPO?
Investors will be allocated as follows: 50% for QIB, 15% for NII, and 35% for retail customers.
How to apply for Hyundai Motor India IPO?
Hyundai Motor India IPO application can be submitted online through your bank account through the ASBA facility. Apart from this, you can also register online through UPI with the help of the stock broker or fill out the offline form provided by the stock broker.
What is the size of Hyundai Motor’s IPO?
Hyundai Motor India’s IPO size is Rs 25,000 crore.
What is the price for Hyundai Motor India IPO?
Hyundai Motor India’s IPO price range is [.] -[.].
What is the minimum and maximum lot size for the Hyundai Motor India IPO?
The minimum bid is [.] shares and maximum is -[.], maximum bid is [.] shares.
When is the IPO date of Hyundai Motor India?
Hyundai Motor India’s IPO date is set for 2024.
When will Hyundai Motor India IPO be listed?
Hyundai Motor India’s IPO launch date is scheduled in 2024 and the IPO will be listed on BSE and NSE.