Hyundai Motor India Limited (HMIL) is a prominent player in the Indian passenger vehicle market, operating as a wholly owned subsidiary of Hyundai Motor Company (HMC), which is the third-largest auto Original Equipment Manufacturer (OEM) globally as of 2023. The company primarily manufactures and sells four-wheeler passenger vehicles, including 13 models across sedans, hatchbacks, SUVs, and electric vehicles (EVs).
Hyundai Motors India IPO Detail
| Parameter | Details |
| IPO Opening Date | October 15, 2024 |
| IPO Closing Date | October 17, 2024 |
| IPO Price Range | ₹1865 to ₹1960 Per Share |
| Face Value of Share | ₹10 Per Share |
| Lot Size | 7 Shares |
| Net Issue Size | 141,416,300 Equity Shares of face value ₹10 each Amounting up to ₹27870.16 Cr. |
| Fresh Issue | None (Offer for Sale only) |
| Offer For Sale | 142,194,700 Equity Shares of face value ₹10 each Amounting up to ₹27870.16 Cr. |
| Listing at | BSE & NSE Both Exchanges |
| Issue Type | Book Building Process |
| IPO DRHP | Click Here |
| IPO RHP | Click Here |
Hyundai Motors India IPO, Tentative Date Schedule
| IPO Opening Date | October 15, 2024 (Tuesday) |
| IPO Closing Date | October 17, 2024 (Thursday) |
| Allotment Date | October 18, 2024 (Friday) |
| Refund Initiation | October 21, 2024 (Monday) |
| Credit of Shares in Demat Account | October 21, 2024 (Monday) |
| Listing Date | October 22, 2024 (Tuesday) |
The Hyundai Motors India IPO will open on October 15, 2024 and it will close on October 17, 2024. The allotment for Hyundai Motors India IPO will be finalized on Friday, October 18, 2024. The listing date of Hyundai Motors India IPO on both the exchanges, BSE as well as NSE is fixed as Tuesday, October 22, 2024.
Hyundai Motors India IPO GMP Today
Hyundai Motors India IPO GMP today is ₹67 as of September 2024.
Hyundai Motors India IPO Financials
| Period | 30 June 2024 | 31 March 2024 | 31 March 2023 |
| Total Assets | ₹25370.24 | ₹26349.25 | ₹34573.33 |
| Total Revenue | ₹17567.98 | ₹71302.33 | ₹61436.62 |
| Expense | |||
| Profit After Tax | ₹1489.65 | ₹6060.04 | ₹4709.25 |
| Company’s Net Worth | ₹12148.71 | ₹10665.66 | ₹20054.83 |
| Total Reserve & Surplus | ₹11336.17 | ₹9853.12 | ₹19242.29 |
Company Financial Performance Indicators
| Key Performance Indicators | Value |
| ROCE | 13.69 |
| ROE | |
| Price to Book Value | |
| Return on Net Worth | 12.26 |
| After Tax Profit Margin (%) |
Hyundai Motors India IPO Lot Size for Different Category of Investors:
Retail investors are eligible to submit bids for a minimum of one lot, containing 7 shares, amounting to ₹13720 and may bid up to a maximum of 13 lots, totaling 91 shares. On the other hand small HNI can apply for minimum of 14 lots comprising of 98 shares amounting to ₹192080. The maximum limit for applying in this IPO for small HNI is 72 lot comprising of 504 shares amounting to ₹1001560.
| Application | Lot | Number of Shares | Amount (in ₹) |
| Retail Investor (Min. Lot) | 1 | 7 | ₹13720 |
| Retail Investor (Max Lot) | 14 | 98 | ₹192080 |
| Small HNI (Min. Lot) | 15 | 105 | ₹205800 |
| Small HNI (Max. Lot) | 72 | 504 | ₹987840 |
| Big HNI (Min. Lot) | 73 | 511 | ₹1,001560 |
Hyundai Motors India IPO , Investors Reserve Quota for Different Categories of Investors
| Shares Reserved for QIB | 50% of the Total Issue |
| Shares Reserved for NII | 35% of the Total Issue |
| Shares Reserved for Retail Investors | 15% of the Total Issue |
Cash flow Generated by the Company
| Net Cash Flow | 30 June, 2024 | 31 March,2024 | 31 March, 2023 |
| Cash From Operating Activities | ₹-574.92 | ₹92519.55 | ₹65642.56 |
| Cash from Investing Activities | 36238.41 | ₹100904.68 | ₹9052.53 |
| Cash From Financing Activities | ₹-316.68 | ₹-159300.74 | ₹16620.39 |
Total Sales Volume from Domestic & Exports
| Sales Volume | 30 June 2024 | 31 March,2024 | 31 March 2023 |
| Domestic | 149455 | 614721 | 567546 |
| Exports | 42600 | 163155 | 153019 |
| Total | 192055 | 777876 | 720565 |
Segment Wise Domestic Sales Volume Breakup by Powertrain
| Particular | 30 June 2024 | 31 March,2024 | 31 March 2023 |
| Domestic Sales (Powertrain) | 149455 | 614721 | 567546 |
| ICE (Without CNG) | 132338 | 542234 | 506249 |
| CNG | 17000 | 70367 | 60322 |
| EV | 117 | 2120 | 975 |
| Combined Sales of CNG & EV ( Eco Friendly Vehicle) | 17117 | 72487 | 60322 |
Hyundai Motors India IPO Peer Group Comparative Analysis
| Company | P/E | EPS (₹) | Face Value (₹) |
| Mahindra & Mahindra Ltd | 29.96 | 101.14 | 5 |
| Maruti Suzuki India Ltd | 29.38 | 429.01 | 5 |
| Tata Motors Ltd | 11.36 | 81.96 | 2 |
Average PE Ratio of Industry
| Particulars | P/E Ratio |
| Highest P/E Ratio | 29.96 |
| Lowest P/E Ratio | 11.36 |
| Average P/E Ratio | 23.57 |
Hyundai Motors India IPO Strengths and Weaknesses
Strengths:
- Hyundai has established a solid reputation, winning multiple awards and earning trust, especially among younger buyers.
- It boasts a large export operation, shipping vehicles to over 150 countries, which helps mitigate currency risks and supports its global presence.
- The company offers a broad selection of vehicles, from hatchbacks to SUVs and electric cars, catering to a wide range of customer preferences.
- Hyundai benefits from cutting-edge technology and strong support from its parent company, allowing it to bring new models to the market swiftly and remain competitive.
- Hyundai is heavily dependent on its parent company for technology and operational support, which means that any challenges faced by the parent company could affect its business in India.
- The company has encountered data breaches in the past, which could result in legal issues and damage its reputation if not adequately addressed.
- Its extensive export operations are vulnerable to global challenges, such as political tensions or supply chain disruptions, which could impact business performance.
- Hyundai has struggled to find consistent success in the electric vehicle market, as shown by the discontinuation of the Kona EV, highlighting uncertainties in this segment.
Lead Managers of Hyundai Motors India IPO
Citigroup Global Markets India Private Limited
Morgan Stanley India Company Private Limited
Kotak Mahindra Capital Company Limited
HSBC Securities and Capital Markets (India) Private Limited
J.P. Morgan India Private Limited
Registrar of Hyundai Motors India IPO
Kfin technologies Ltd.
+91 40 6716 222/1800 309 4001
Website: https://kfintech.com
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Note: This article is based on the information received from the company’s official documents, including the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). For up-to-date information on the Grey Market Premium (GMP) for the Nisus Finance Services IPO, you may please check our Current GMP, where we will post the latest figures as soon as they are available.
Disclaimer: This article is for educational purposes only. We do not offer any advice on buying or selling securities. Please consult your financial advisor before investing in an IPO or any other securities to make sure that it suits your financial plans and risk tolerance.
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