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Hyundai Motor India IPO Date, Review, Price, Allotment Details
Hyundai Motor India IPO is opening for subscription on October 15, 2024, and closing on October 17, 2024. This Main-board IPO aims to raise ₹27870.16 Crores, with a 100% Offer for Sale of 142,194,700 equity shares, each with a face value of ₹10. The price band for the Hyundai Motor India IPO is fixed at ₹1865 – ₹1960 per Share, with a market lot of 7 Shares. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). Hyundai Motor India IPO Allotment will done on October 18, 2024, and Hyundai Motor India IPO listing date is October 22, 2024.
Hyundai Motor India Company Profile
Hyundai Motor India Ltd. (HMIL), a wholly owned subsidiary of Hyundai Motor Company (HMC), is a major player in the Indian automotive sector. Known for its innovative and technologically advanced products, the company has established itself as a market leader and a key contributor to the growth of India’s automotive industry. Since its inception in 1996, Hyundai has made significant strides in the passenger vehicle segment, earning the trust and admiration of millions of Indian consumers.
Company History and Growth
Hyundai Motor India entered the Indian market in 1996, with the launch of its first car, the Hyundai Santro, in 1998. The car’s success set the foundation for Hyundai’s expansion in India. Since then, Hyundai has consistently introduced new models and variants that cater to the diverse needs of Indian customers, ranging from hatchbacks and sedans to SUVs and electric vehicles (EVs).
Over the years, Hyundai has emerged as the second-largest auto Original Equipment Manufacturer (OEM) in India, maintaining this position since 2009. It has also been the largest exporter of passenger vehicles from India since 2005, with a significant share in the global export market. The company’s cumulative domestic and export sales have reached nearly 12 million passenger vehicles by the end of Fiscal 2024.
Key Product Offerings
Hyundai Motor India offers a wide range of vehicles across various segments, including:
- Sedans: Hyundai Verna, Elantra
- Hatchbacks: Hyundai i10, i20
- SUVs: Hyundai Creta, Venue, Alcazar, Tucson
- Electric Vehicles (EVs): Hyundai Kona Electric
The company has been particularly successful in the SUV segment, with models like the Creta and Venue becoming top choices for Indian consumers. Hyundai’s products are known for their design, technology, safety features, and reliability, making them a popular choice across the country.
Manufacturing and Export Capabilities
Hyundai Motor India operates two state-of-the-art manufacturing plants in Chennai, Tamil Nadu, with a combined annual production capacity of 700,000 units. These facilities are equipped with cutting-edge technology and automation systems, ensuring high levels of efficiency and quality in the production process.
Hyundai is not only a dominant player in the domestic market but also a major exporter. The company exports vehicles to over 90 countries across Africa, the Middle East, Latin America, and Asia-Pacific. Hyundai’s strong export focus has helped it maintain a leadership position in global markets, contributing significantly to India’s automotive exports.
| Company Name | Type Status | IPO Price | GMP(₹ %) | IPO Size (Crore) | IPO Open Date | IPO Close Date |
|---|---|---|---|---|---|---|
| Spinaroo Commercial | SME IPO Closed | 51 | 0 (0%) | ₹10.17 Cr | 28-Mar | 3-Apr |
| Infonative Solutions | SME IPO Closed | 79 | 0 (0%) | ₹24.71 Cr | 28-Mar | 3-Apr |
| Aten Papers & Foam | SME IPO Closed | 0 (0.0%) | ₹31.68 Cr | 28-Mar | 2-Apr | |
| Retaggio Industries | SME IPO Closed | 25 | 0 (0%) | ₹15.50 Cr | 27-Mar | 2-Apr |
| Identixweb | SME IPO Closed | 54 | 0 (0%) | ₹16.63 Cr | 26-Mar | 28-Mar |
| Shri Ahimsa Naturals | SME IPO Closed | 118 | 12 (10.17%) | ₹73.81 Cr | 25-Mar | 27-Mar |
| ATC Energies | SME IPO Closed | 119 | 21 (17.65%) | ₹63.76 Cr | 25-Mar | 27-Mar |
| Desco Infratech | SME IPO Closed | 150 | 18 (12%) | ₹30.75 Cr | 24-Mar | 26-Mar |
| Active Infrastructures | SME IPO Closed | 181 | 0 (0%) | ₹77.83 Cr | 21-Mar | 25-Mar |
| Rapid Fleet | SME IPO Closed | 192 | 0 (0%) | ₹43.87 Cr | 21-Mar | 25-Mar |
| Grand Continent Hotels | Main IPO Closed | 133 | 0 (0%) | ₹74.46 Cr | 20-Mar | 24-Mar |
| Divine Hira Jewellers | SME IPO Listed @90.00 (0%) | 90 | 15 (16.67%) | ₹31.84 Cr | 17-Mar | 19-Mar |
| Paradeep Parivahan | SME IPO Listed @78.40 (-20%) | 98 | 0 (0%) | ₹44.86 Cr | 17-Mar | 19-Mar |
| Super Iron Foundry | SME IPO Listed @107.95 (-0.05%) | 108 | 15 (13.89%) | ₹68.05 Cr | 11-Mar | 13-Mar |
| PDP Shipping & Projects | SME IPO Listed @108.25 (-19.81%) | 135 | 0 (0%) | ₹12.65 Cr | 10-Mar | 12-Mar |
| NAPS Global India | SME IPO Listed @108.00 (20%) | 90 | 0 (0%) | ₹50.11 Cr | 4-Mar | 6-Mar |
| Balaji Phosphates | SME IPO Listed @75.00 (7.14%) | 70 | 0 (0%) | ₹50.11 Cr | 28-Feb | 4-Mar |
| Shreenath Paper | SME IPO Listed @35.20 (-20%) | 44 | 3 (6.82%) | ₹23.36 Cr | 25-Feb | 28-Feb |
| Nukleus Office Solutions | SME IPO Listed @187.20 (-20%) | 234 | 0 (0%) | ₹31.70 Cr | 24-Feb | 27-Feb |
| Beezaasan Explotech | SME IPO Listed @146.00 (-16.57%) | 175 | 1 (0.57%) | ₹59.93 Cr | 21-Feb | 25-Feb |
| Swasth Foodtech | SME IPO Listed @94.00 (0%) | 94 | 0 (0%) | ₹14.92 Cr | 20-Feb | 24-Feb |
| HP Telecom India | SME IPO Listed @115.05 (6.53%) | 108 | 0 (0%) | ₹34.23 Cr | 20-Feb | 24-Feb |
| Royalarc Electrodes | SME IPO Listed @ 120.00 (0%) | 120 | 0 (0%) | ₹36.00 Cr | 14-Feb | 18-Feb |
| Tejas Cargo | SME IPO Listed @ 175.00 (4.17%) | 168 | 0 (0%) | ₹105.84 Cr | 14-Feb | 18-Feb |
| Quality Power | Main IPO Listed @ 430.00 (1.18%) | 425 | 5 (1.18%) | ₹858.70 Cr | 14-Feb | 18-Feb |
| L.K. Mehta Polymers | SME IPO Listed @ 71.10 (0.14%) | 71 | 5 (7.04%) | ₹7.38 Cr | 13-Feb | 17-Feb |
| Shanmuga Hospital | SME IPO Listed @ 54.00 (0%) | 54 | 3 (5.56%) | ₹20.62 Cr | 13-Feb | 17-Feb |
| Maxvolt Energy | SME IPO Listed @ 180.00 (0%) | 180 | 0 (0%) | ₹54.00 Cr | 12-Feb | 14-Feb |
| Voler Car | SME IPO Listed @ 90.00 (0%) | 90 | 5 (5.56%) | ₹27.00 Cr | 12-Feb | 14-Feb |
| Hexaware Technologies | Main IPO Listed @ 745.50 (5.3%) | 708 | 0 (0%) | ₹8750.00 Cr | 12-Feb | 14-Feb |
| PS Raj Steels | SME IPO Listed @ 145.00 (3.57%) | 140 | 3 (2.14%) | ₹28.28 Cr | 12-Feb | 14-Feb |
| Chandan Healthcare | SME IPO Listed @ 165.10 (3.84%) | 159 | 0 (0%) | ₹107.36 Cr | 10-Feb | 12-Feb |
| Ajax Engineering | Main IPO Listed @ 576.00 (-8.43%) | 629 | -3 (-0.48%) | ₹1269.35 Cr | 10-Feb | 12-Feb |
| Eleganz Interiors | SME IPO Listed @ 122.00 (-6.15%) | 130 | 5 (3.85%) | ₹78.07 Cr | 7-Feb | 11-Feb |
| Solarium Green | SME IPO Listed @ 202.00 (5.76%) | 191 | 5 (2.62%) | ₹105.04 Cr | 6-Feb | 10-Feb |
| Readymix Construction | SME IPO Listed @ 123.00 (0%) | 123 | 0 (0%) | ₹37.66 Cr | 6-Feb | 10-Feb |
| Amwill Healthcare | SME IPO Listed @ 88.85 (-19.95%) | 111 | 0 (0%) | ₹59.98 Cr | 5-Feb | 7-Feb |
| Ken Enterprises | SME IPO Listed @ 85.00 (-9.57%) | 94 | 5 (5.32%) | ₹83.65 Cr | 5-Feb | 7-Feb |
Hyundai Motor India IPO Objectives
The funds raised through the IPO will be utilized for:
- Augmenting additional working capital requirements
- General Corporate Purposes
Hyundai Motor India IPO Key Details
- Hyundai Motor India IPO Open Date: October 15, 2024
- Hyundai Motor India IPO Close Date: October 17, 2024
- Hyundai Motor India IPO Size: Approximately ₹27870.16 Crores, 142,194,700 Equity Shares
- Face Value: ₹10 Per Equity Share
- Hyundai Motor India IPO Price Band: ₹1865 – ₹1960 per Equity Share
- Hyundai Motor India IPO Listing on: NSE & BSE
- Retail Quota: 35% of the net offer
- QIB Quota: 50% of the net offer
- HNI Quota: 15% of the net offer
Hyundai Motor India IPO Market Lot:
- Retail Minimum: Lot Size: 1, Shares: 7, Amount: ₹13,720
- Retail Maximum: Lot Size: 14, Shares: 98, Amount: ₹192,080
- S-HNI Minimum: Lot Size: 15, Shares: 105, Amount: ₹205,800
- S-HNI Maximum: Lot Size: 72, Shares: 504, Amount: ₹987,840
- B-HNI Minimum: Lot Size: 73, Shares: 511, Amount: ₹1,001,560
Hyundai Motor India IPO Timeline
- Hyundai Motor India IPO Open Date: October 15, 2024
- Hyundai Motor India IPO Close Date: October 17, 2024
- Basis of Allotment: October 18, 2024
- Refunds: October 21, 2024
- Credit to Demat Account: October 21, 2024
- Hyundai Motor India IPO Listing Date: October 22, 2024
How to Apply for Hyundai Motor India IPO
Investors can apply for the Hyundai Motor India IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.
Hyundai Motor India Financial Performance (in Crores)
- Year 2021: Revenue: ₹41,404.65 Cr, Expense: ₹38,864.40 Cr, Profit After Tax: ₹1,881.16 Cr, Assets: ₹26,730.57 Cr
- Year 2022: Revenue: ₹47,966.05 Cr, Expense: ₹44,193.84 Cr, Profit After Tax: ₹2,901.59 Cr, Assets: ₹28,358.06 Cr
- Year 2023: Revenue: ₹61,436.64 Cr, Expense: ₹55,091.07 Cr, Profit After Tax: ₹4,709.25 Cr, Assets: ₹34,573.34 Cr
- Dec 2023: Revenue: ₹53,298.09 Cr, Expense: ₹47,317.83 Cr, Profit After Tax: ₹4,382.87 Cr, Assets: ₹32,488.34 Cr
Hyundai Motor India Valuation FY2023
- Return on Equity (ROE): N/A
- Return on Capital Employed (ROCE): 28.75%
- EBITDA Margin: 12.52%
- PAT Margin: 7.67%
- Debt to Equity Ratio: 0.06
- Earnings Per Share (EPS): ₹57.96 (Basic)
- Price/Earnings (P/E) Ratio: N/A
- Return on Net Worth (RoNW): 23.48%
- Net Asset Value (NAV): ₹246.82
Hyundai Motor India Peer Group
- Maruti Suzuki India Limited: EPS: ₹271.82, P/E Ratio: 47.28, RoNW: 13.29%, NAV: ₹2,045.53, Revenue: ₹1,17,571.30 Cr
- Tata Motors Limited: EPS: ₹6.30, P/E Ratio: 150.09, RoNW: 5.33%, NAV: ₹118.34, Revenue: ₹3,45,966.97 Cr
- Mahindra & Mahindra Limited: EPS: ₹92.41, P/E Ratio: 30.32, RoNW: 18.24%, NAV: ₹506.60, Revenue: ₹1,21,268.55 Cr
Hyundai Motor India Company Promoters
- Hyundai Motor Company
Hyundai Motor India IPO Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: hmil.ipo@kfintech.com
Hyundai Motor India IPO Allotment Status Check
- Check the Hyundai Motor India IPO allotment status on the Kfin Technologies website.
Hyundai Motor India IPO Allotment Link
- Check the Hyundai Motor India IPO allotment on the Check ipo Allotment website.
Hyundai Motor India IPO Lead Managers (Merchant Bankers)
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- Citigroup Global Markets India Private Limited
- Morgan Stanley India Company Pvt Ltd
- Hsbc Securities & Capital Markets Pvt Ltd
Hyundai Motor India Company Address
Plot No. H-1
SIPCOT Industrial Park
Irrungattukottai Sriperumbudur Taluk
Kancheepuram,Tamil Nadu-602 105 India
Website: https://www.hyundai.com/in/en
Phone: +91 446710 5135
Email: complianceofficer@hmil.net
Hyundai Motor India IPO FAQs
What is Hyundai Motor India IPO?
Hyundai Motor India IPO is a Main-board IPO. They are going to raise ₹27870.16 Crores via IPO. The issue is priced at ₹1865 – ₹1960 per equity share. The IPO is to be listed on NSE & BSE.
When will the Hyundai Motor India IPO open?
The IPO is to open on October 15, 2024, for NII, and Retail Investors.
What is Hyundai Motor India IPO Investors Portion?
The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.
How to Apply for the Hyundai Motor India IPO?
You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply Hyundai Motor India IPO through M-Stock?
For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.
How to Apply the Hyundai Motor India IPO through Alice Blue?
Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.
How to Apply for the Hyundai Motor India IPO through Motilal Oswal?
Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.
What is Hyundai Motor India IPO Size?
Hyundai Motor India IPO size is ₹27870.16 Crores.
What is Hyundai Motor India IPO Price Band?
Hyundai Motor India IPO Price Band is ₹1865 – ₹1960 per equity share.
What is Hyundai Motor India IPO Minimum and Maximum Lot Size?
The IPO bid is 7 Shares with ₹13,720.
What is Hyundai Motor India IPO Allotment Date?
Hyundai Motor India IPO allotment date is October 18, 2024.
What is Hyundai Motor India IPO Listing Date?
Hyundai Motor India IPO listing date is October 22, 2024. The IPO to list on NSE & BSE.
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