Bookbuilding IPO | ₹27,859 Cr | Listed at BSE, NSE | Tue, Oct 15, 2024 - Thu, Oct 17, 2024
Hyundai Motor IPO is a book build issue of ₹27,858.75 crores. The issue is entirely an offer for sale of 14.22 crore shares of ₹27,858.75 crore.
Hyundai Motor IPO bidding started from Oct 15, 2024 and ended on Oct 17, 2024. The allotment for Hyundai Motor IPO was finalized on Oct 18, 2024. The shares got listed on BSE, NSE on Oct 22, 2024.
Hyundai Motor IPO price band is set at ₹1,960 per share. The lot size for an application is 7. The minimum amount of investment required by an retail is ₹13,720 (7 shares) (based on upper price). The lot size investment for sNII is 15 lots (105 shares), amounting to ₹2,05,800, and for bNII, it is 73 lots (511 shares), amounting to ₹10,01,560.
The issue includes a reservation of up to 7,78,400 shares for employees offered at a discount of ₹186.00 to the issue price.
Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Hyundai Motor IPO RHP for detailed Information.
IPO Open
Tue, Oct 15, 2024
IPO Close
Thu, Oct 17, 2024
Issue Price
₹1960 per share
Market Cap (Pre-IPO)
₹1,59,258.06 Cr
| IPO Date | 15 to 17 Oct, 2024 |
| Listed on | Tue, Oct 22, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹1865 to ₹1960 |
| Issue Price | ₹1960 per share |
| Lot Size | 7 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹186.00 |
| Total Issue Size | 14,21,94,700 shares (agg. up to ₹27,859 Cr) |
| Offer for Sale | 14,21,94,700 shares of ₹10 (agg. up to ₹27,859 Cr) |
| Share Holding Pre Issue | 81,25,41,100 shares |
| Share Holding Post Issue | 81,25,41,100 shares |
| BSE Script Code / NSE Symbol | 544274 / HYUNDAI |
| ISIN | INE0V6F01027 |
Hyundai Motor IPO offers total 14,21,94,700 shares. Out of which 7,07,08,150 (49.73%) allocated to QIB, 2,82,83,260 (19.89%) allocated to QIB (Ex- Anchor), 2,12,12,445 (14.92%) allocated to NII 4,94,95,705 (34.81%) allocated to RII and 4,24,24,890 (29.84%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 7,07,08,150 (49.73%) | NA |
| − Anchor Investor Shares Offered | 4,24,24,890 (29.84%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 2,82,83,260 (19.89%) | NA |
| NII (HNI) Shares Offered | 2,12,12,445 (14.92%) | NA |
| − bNII > ₹10L | 1,41,41,630 (9.95%) | 1,34,682 |
| − sNII < ₹10L | 70,70,815 (4.97%) | 67,341 |
| Retail Shares Offered | 4,94,95,705 (34.81%) | 70,70,815 |
| Employee Shares Offered | 7,78,400 (0.55%) | NA |
| Total Shares Offered | 14,21,94,700 (100.00%) |
Investors can bid for a minimum of 7 shares and in multiples thereof.
| 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 |
Hyundai Motor IPO raises ₹8,315.28 crore from anchor investors. Hyundai Motor IPO Anchor bid date is October 14, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Oct 14, 2024 |
| Shares Offered | 4,24,24,890 |
| Anchor Portion (₹ Cr.) | 8,315.28 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Nov 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Jan 16, 2025 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Up to Rs 2 Lakhs | Yes |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
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.
| 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 |
| Total Income | 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 | 1,158.60 | 1,140.03 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Promoter Selling Shareholder. |
| KPI | Jun 30, 2024 |
|---|---|
| ROCE | 13.69% |
| RoNW | 12.26% |
| PAT Margin | 8.50% |
| Price to Book Value | 14.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 74.58 | 73.33 |
| P/E (x) | 26.28 | 26.73 |
| Promoter Holding | 100% | 82.5% |
| Market Cap | ₹1,59,258.06 Cr. |
The Hyundai Motor IPO is subscribed 2.37 times on October 17, 2024 6:19:08 PM (Day 3). The public issue subscribed 0.50 times in the retail category, 6.97 times in the QIB category, and 0.60 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 6.97 | 2,82,83,260 | 19,72,48,156 |
| NII | 0.60 | 2,12,12,445 | 1,27,59,663 |
| bNII (> ₹10L) | 0.58 | 1,41,41,630 | 81,47,006 |
| sNII (< ₹10L) | 0.65 | 70,70,815 | 46,12,657 |
| Retail | 0.50 | 4,94,95,705 | 2,49,76,259 |
| Employee | 1.74 | 7,78,400 | 13,57,461 |
| Total | 2.37 | 9,97,69,810 | 23,63,41,539 |
Total Applications: 21,49,715
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees and commissions payable to the BRLMs (including any underwriting commission, brokerage and selling commission) | 493.05 |
| 2 | Advertising and marketing expenses | 25.60 |
| 3 | Fees payable to the Registrar to the Offer | 0.47 |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 24.70 |
| 5 | Printing and distribution of Offer stationery | 0.42 |
| 6 | Others: Regulatory filing fees, book building software fees, listing fees, etc. | 45.95 |
| 7 | Others: Fee payable to independent statutory auditor, namely B S R & Co. LLP, Chartered Accountants | 13.01 |
| 8 | Others: Fee payable to other intermediaries | 2.46 |
| 9 | Others: Fee payable to legal counsels | 6.39 |
| 10 | Others: Miscellaneous | 12.08 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,960.00 | ₹1,960.00 |
| Open | ₹1,931.00 | ₹1,934.00 |
| Low | ₹1,807.05 | ₹1,807.00 |
| High | ₹1,968.80 | ₹1,970.00 |
| Last Trade | ₹1,820.40 | ₹1,819.60 |
Lead Manager Reports
Hyundai Motor IPO is a main-board IPO of 14,21,94,700 equity shares of the face value of ₹10 aggregating up to ₹27,859 Crores. The issue is priced at ₹1960 per share. The minimum order quantity is 7.
The IPO opens on Tue, Oct 15, 2024, and closes on Thu, Oct 17, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Hyundai Motor IPO using UPI as a payment gateway. Zerodha customers can apply in Hyundai Motor IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Hyundai Motor IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Hyundai Motor IPO opens on Tue, Oct 15, 2024 and closes on Thu, Oct 17, 2024.
Hyundai Motor IPO lot size is 7, and the minimum amount required for application is ₹13,720.
You can apply in Hyundai Motor IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Hyundai Motor IPO will be done on Friday, October 18, 2024, and the allotted shares will be credited to your demat account by Mon, Oct 21, 2024. Check the Hyundai Motor IPO allotment status.
The Hyundai Motor IPO listing date is on Tue, Oct 22, 2024.
