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Hyundai Motor India Limited IPO, GMP, Details, Price, And Review
Hyundai Motor India Limited a part of the Hyundai Motor Group, is the third largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales in CY2023. Incorporated in May 1996, 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 and 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.
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Hyundai Motor IPO Overview
- ● Issue Type: Book Built Issue
- ● Total Issue Size: ₹27,870.16 crores
- ● Offer for Sale: 14.22 crore shares Key Dates:
- ● Subscription Opening Date: October 15, 2024
- ● Subscription Closing Date: October 17, 2024 Price Band:
- ● Price Range: ₹1865 to ₹1960 per share Lot Size:
- ● Minimum Lot Size: 7 shares Management and Support:
- ● Book Running Lead Managers:
- ○ Kotak Mahindra Capital Company Limited
- ○ Citigroup Global Markets India Private Limited
- ○ HSBC Securities & Capital Markets Pvt Ltd
- ○ J.P. Morgan India Private Limited
- ○ Morgan Stanley India Company Pvt Ltd
- ● Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Hyundai Motor India Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 22-10-2024 | 1960 | 62 (3.16%) | 22-Oct-2024 12:15 |
| 21-10-2024 | 1960 | 67 (3.42%) | 21-Oct-2024 13:05 |
| 17-10-2024 | 1960 | 21 (1.07%) | 17-Oct-2024 13:40 |
| 16-10-2024 | 1960 | 25 (1.28%) | 16-Oct-2024 13:10 |
| 15-10-2024 | 1960 | 25 (1.28%) | 15-Oct-2024 12:15 |
| 14-10-2024 | 1960 | 50 (2.55%) | 14-Oct-2024 13:39 |
| 11-10-2024 | 1960 | 100 (5%) | 11-Oct-2024 13:41 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Hyundai Motor IPO Overview
| Detail | Description |
|---|---|
| IPO Date | October 15, 2024 to October 17, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹1865 to ₹1960 per share |
| Lot Size | 7 Shares |
| Total Issue Size | 142,194,700 shares (aggregating up to ₹27,870.16 Cr) |
| Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹27,870.16 Cr) |
| Employee Discount | Rs 186 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Shareholding pre issue | 812,541,100 |
| Shareholding post issue | 812,541,100 |
Hyundai Motor IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| IPO Open Date | Tuesday, October 15, 2024 |
| IPO Close Date | Thursday, October 17, 2024 |
| Basis of Allotment | Friday, October 18, 2024 |
| Initiation of Refunds | Monday, October 21, 2024 |
| Credit of Shares to Demat | Monday, October 21, 2024 |
| Listing Date | Tuesday, October 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 17, 2024 |
Hyundai Motor IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 7 | ₹13,720 |
| Retail (Max) | 14 | 98 | ₹192,080 |
| S-HNI (Min) | 15 | 105 | ₹205,800 |
| S-HNI (Max) | 72 | 504 | ₹987,840 |
| B-HNI (Min) | 73 | 511 | ₹1,001,560 |
Hyundai Motor Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
Hyundai Motor IPO Promoter Holding
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 82.50% |
Hyundai Motor IPO Anchor Investors Details
| Bid Date | October 14, 2024 |
| Shares Offered | 42,424,890 |
| Anchor Portion Size (In Cr.) | 8,315.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 16, 2025 |
Hyundai Motor India Limited Financial Information
| Period Ended | 30 June 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
| Assets | 25,370.24 | 26,349.25 | 34,573.34 | 28,358.06 | ||||||||||||||||||||||||||||||||||||
| Revenue | 17,567.98 | 71,302.33 | 61,436.64 | 47,966.05 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 1,489.65 | 6,060.04 | 4,709.25 | 2,901.59 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 12,148.71 | 10,665.66 | 20,054.82 | 16,856.26 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 11,336.17 | 9,853.12 | 19,242.28 | 16,043.71 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 758.14 | 767.92 | 1,158.6 | 1,140.03 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Crores | ||||||||||||||||||||||||||||||||||||||||
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 |
Objectives of Hyundai Motor IPO
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.
FAQs for Hyundai Motor India IPO
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What is Hyundai Motor India IPO?
Hyundai Motor India IPO is a main-board IPO. The company is going to raise ₹27,870.16 Crores via IPO. The issue is priced at ₹1,865 to ₹1,960 per equity share. The IPO is to be listed on BSE & NSE.
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When will the Hyundai Motor India IPO open for subscription?
The IPO is to open on October 15, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 17, 2024.
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What is the Hyundai Motor India IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is the Hyundai Motor India IPO Issue Size?
Hyundai Motor India's IPO issue size is ₹27,870.16 crores.
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What is the Hyundai Motor India IPO Price Band?
Hyundai Motor India IPO Price Band is ₹1865 to ₹1960.
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What is Hyundai Motor India IPO Lot Size?
The minimum bid is [.] Shares with ₹- amount.
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What is the Hyundai Motor India IPO Allotment Date?
Hyundai Motor India IPO allotment date is October 18, 2024.
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What is the Hyundai Motor India IPO Listing Date?
Hyundai Motor India's IPO listing date is October 22, 2024. The IPO is to be listed on BSE & NSE.
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What is Hyundai Motor India's current GMP?
The current GMP of the Hyundai Motor India is 62 (3.16%).
RHP:
RHP of Hyundai Motor India Limited IPO
DRHP:
DRHP of Hyundai Motor India Limited IPO
-
What is Hyundai Motor India IPO?
Hyundai Motor India IPO is a main-board IPO. The company is going to raise ₹27,870.16 Crores via IPO. The issue is priced at ₹1,865 to ₹1,960 per equity share. The IPO is to be listed on BSE & NSE.
-
When will the Hyundai Motor India IPO open for subscription?
The IPO is to open on October 15, 2024, for QIB, NII, and Retail Investors. The IPO will close on October 17, 2024.
-
What is the Hyundai Motor India IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is the Hyundai Motor India IPO Issue Size?
Hyundai Motor India's IPO issue size is ₹27,870.16 crores.
-
What is the Hyundai Motor India IPO Price Band?
Hyundai Motor India IPO Price Band is ₹1865 to ₹1960.
-
What is Hyundai Motor India IPO Lot Size?
The minimum bid is [.] Shares with ₹- amount.
-
What is the Hyundai Motor India IPO Allotment Date?
Hyundai Motor India IPO allotment date is October 18, 2024.
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What is the Hyundai Motor India IPO Listing Date?
Hyundai Motor India's IPO listing date is October 22, 2024. The IPO is to be listed on BSE & NSE.
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What is Hyundai Motor India's current GMP?
The current GMP of the Hyundai Motor India is 62 (3.16%).
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