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Hyundai Motor IPO is a book-built issue of Rs 27,870.16 crores. The issue is entirely an offer for the sale of 14.22 crore shares.
Hyundai Motor IPO opens for subscription on October 15, 2024, and closes on October 17, 2024. The price band for the IPO is set at ₹1865 to ₹1960 per share and the minimum lot size for an application is 7 Shares.
Company Summary
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.
As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports. Further, the company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India.
The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs).
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 which can produce its full range of vehicle models. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Company Financials
| Period Ended | 30 Jun 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 ₹ Crore | ||||
Objectives of the IPO
The company will not receive any proceeds from the Offer 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.
Promoters of the company
Hyundai Motor Company is the Promoter of our Company. The Company holds 812,541,100 Equity Shares of face value of ₹ 10 each in the Company, representing 100.00% of the pre-offer issued, subscribed, and paid-up equity share capital of the Company.
IPO details
| IPO Date | October 15, 2024 to October 17, 2024 |
| Listing Date | Tuesday, October 22, 2024 |
| 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) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Lot Allocation details
| 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 |
Allotment Schedule
| Basis of Allotment | Friday, October 18, 2024 |
| Initiation of Refunds | Monday, October 21, 2024 |
| The 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 |
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 |
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