Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales.
The company manufactures and sells reliable, feature-rich, innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines.
The company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India.
As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports.
The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs).
The company’s models include the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5.
As of December 31, 2023, the company had partnered with 363 dealer companies for distribution and sales in India.
HMIL’s manufacturing plant is situated near Chennai can produce its full range of vehicle models. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Hyundai Motor IPO – Details
| IPO Opening Date | 15 October 2024 |
| IPO Closing Date | 17 October 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 14,21,94,700 Shares Worth ₹27,870.16 Crore Offer For Sale: 14,21,94,700 Shares Worth ₹27,870.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹1865 – ₹1960 per share |
| Market Lot | 7 Shares |
| Min Order | 7 Shares (1 Lot) |
| Employee Discount | ₹186 |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Hyundai Motor IPO – Date Schedule
| IPO Open Date | 15 October 2024 |
| IPO Close Date | 17 October 2024 |
| Basis of Allotment | 18 October 2024 |
| Initiation of Refund | 21 October 2024 |
| Credit of Shares to Demat Account | 21 October 2024 |
| IPO Listing Date | 22 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 17, 2024 |
Garuda Construction and Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 7 | ₹13,720 |
| Retail (Max) | 14 | 98 | ₹1,92,080 |
| S-HNI (Min) | 15 | 105 | ₹2,05,800 |
| S-HNI (Max) | 72 | 504 | ₹9,87,840 |
| B-HNI (Min) | 73 | 511 | ₹10,01,560 |
Competitive Strengths
- The company has been the second largest auto OEM since Fiscal 2009 in the Indian passenger vehicles market in terms of domestic sales volumes, according to the CRISIL Report;
- The company has a diverse portfolio of passenger vehicles across powertrains and across major passenger vehicle segments. The company’s current portfolio of passenger vehicles caters to a diverse customer base, such that the company can offer “something for everyone”. Currently, the portfolio includes 13 passenger vehicle models across all major passenger vehicle segments by body type;
- The company identifies emerging market trends promptly and introduces innovative passenger vehicles and technologies to meet customer needs in India. The company identifies emerging market trends, latent customer needs, and aspirations based on our and HMC’s global network, in-depth market and product research;
- The company has pan-India sales and distribution and after-sale services network offered by the dealers As of December 31, 2023, The company has 1,366 sales outlets across 1,031 cities and towns in India and 1,550 service centers across India across 962 cities and towns in India, which has grown from 1,167 sales outlets across 873 cities and towns in India and 1,307 service centers across 814 cities and towns in India as of March 31, 2021;
- The company has digitized the interactions between customers and dealers, both with each other and the company. Through the “myHyundai” app and the company’s website, customers can interact with us at every stage of the passenger vehicle purchase journey and access after-sale services;
- The company has flexible and automated manufacturing capabilities. The Chennai Manufacturing Plant was one of India’s largest single location passenger vehicle manufacturing plants in terms of production capacity for CY2023, according to the CRISIL Report. The passenger vehicles are based on five different platforms (four for ICE passenger vehicles and one for EVs); and
- The company has an experienced management team with a track record of delivering profitable growth and superior returns.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 41,404.65 | 38,864.40 | 1,881.15 | 1,341.75 |
| 31 March 2022 | 47,966.04 | 44,193.84 | 2,901.59 | 1,140.03 |
| 31 March 2023 | 61,436.64 | 55,091.06 | 4,709.25 | 1,158.6 |
| 31 March 2024 | 71,302.32 | 63,062.45 | 6,060.04 | 767.92 |
| 30 June 2024 | 17,567.98 | 15,564.60 | 1,489.65 | 758.14 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROCE | 13.69% |
| RoNW | 12.26% |
| P/BV | 14.93 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 74.58 | 73.33 |
| P/E (x) | 26.28 | 26.73 |
Object Of The Issue
- The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.
Hyundai Motor IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 5 | Maruti Suzuki India Limited | 27.00 |
| 2 | 2 | Tata Motors Limited | 10.00 |
| 3 | 5 | Mahindra & Mahindra Limited | 35.20 |
Hyundai Motor IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 82.50% |
Hyundai Motor IPO Prospectus
Company Contact Information
| Hyundai Motor India Limited Plot No. H-1, SIPCOT Industrial Park Irrungattukottai, Sriperumbudur Taluk Kancheepuram District-602105 Phone: +91 446710 5135 Email: complianceofficer@hmil.net Website: https://www.hyundai.com/in/en |
Hyundai Motor IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: hmil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Hyundai Motor IPO Lead Manager(s)
| 1. J.P. Morgan India Private Limited 2. Kotak Mahindra Capital Company Limited 3. Citigroup Global Markets India Private Limited 4. Morgan Stanley India Company Private Limited 5. HSBC Securities and Capital Markets (India) Private Limited |
Hyundai Motor IPO FAQs
| What is Hyundai Motor IPO? Hyundai Motor IPO is a main-board IPO. The issue is priced at ₹1865 to ₹1960 per equity share. The IPO is to be listed on BSE & NSE. |
| When Hyundai Motor IPO will open? The IPO is to open on 15 October 2024 for QIB, NII, and Retail Investors. |
| What is Hyundai Motor IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Hyundai Motor IPO? You can apply Hyundai Motor 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 the Hyundai Motor IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Hyundai Motor IPO”. Click on 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 Angle One. |
| How to Apply the Hyundai Motor IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Hyundai Motor IPO“. Click on 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 5 Paisa. |
| How to Apply the Hyundai Motor IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Hyundai Motor IPO”. Click on 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 Upstox. |
| How to Apply the Hyundai Motor IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Hyundai Motor IPO”. Click on 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 IIFL. |
| What is Hyundai Motor IPO Size? Hyundai Motor IPO size is ₹27,870.16 Crore. |
| What is the Hyundai Motor IPO Price Band? Hyundai Motor IPO Price Band is ₹1865 to ₹1960. |
| What is Hyundai Motor IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 7 Shares with ₹13,720 amount while the maximum bid is 98 Shares with ₹1,92,080. |
| What is the Hyundai Motor IPO Allotment Date? Hyundai Motor IPO allotment date is 18 October 2024. |
| What is the Hyundai Motor IPO Listing Date? Hyundai Motor IPO listing date is 22 October 2024. The IPO is to be listed on BSE and NSE. |
