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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 ₹1960.00 per share . The lot size for an application is 7. The minimum amount of investment required by an retail is ₹13,055 (7 shares). 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 Date | October 15, 2024 to October 17, 2024 |
| Listing Date | October 22, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹1865 to ₹1960 per share |
| Issue Price Final | ₹1960 per share |
| Lot Size | 7 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 14,21,94,700 shares (aggregating up to ₹27,858.75 Cr) |
| Employee Discount | ₹186.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 81,25,41,100 shares |
| Share Holding Post Issue | 81,25,41,100 shares |
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, 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 | Maximum 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%) |
| 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 |
Hyundai Motor IPO raises ₹8,315.28 crore from anchor investors. Hyundai Motor IPO Anchor bid date is October 14, 2024. Hyundai Motor IPO Anchor Investors list
| Bid Date | October 14, 2024 |
| Shares Offered | 4,24,24,890 |
| 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 IPO opens on October 15, 2024, and closes on October 17, 2024.
| IPO Open Date | Tue, Oct 15, 2024 |
| IPO Close Date | Thu, Oct 17, 2024 |
| Tentative Allotment | Fri, Oct 18, 2024 |
| Initiation of Refunds | Mon, Oct 21, 2024 |
| Credit of Shares to Demat | Mon, Oct 21, 2024 |
| Tentative Listing Date | Tue, Oct 22, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 17, 2024 |
Investors can bid for a minimum of 7 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
Hyundai Motor India Limited's revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | 1,158.6 | 1,140.03 |
| Amount in ₹ Crore | ||||
The market capitalization of Hyundai Motor IPO is ₹159258.06 Cr.
KPI as of Sun, Jun 30, 2024.
| KPI | Values |
|---|---|
| ROCE | 13.69% |
| RoNW | 12.26% |
| Price to Book Value | 14.93 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 74.58 | 73.33 |
| P/E (x) | 26.28 | 26.73 |
[Dilip Davda] HMIL is a HMC-Korea group company, the parent company is the third largest auto OEM company globally, and HMIL is the second largest auto OEM company in India. It marked consistent growth in its top and bottom lines for the reported periods. It has expansion plans afoot that will be in operations by 2026 end. Post completion of this expansion plans, the company is poised for bright prospects and thus is a medium to long term investment bet for the investors. This being the biggest IPO in the history of primary markets in India and there will be fair chance of allotments across the board. Investors may park funds for medium to long term rewards. Read detail review...
| Listing Date | October 22, 2024 |
| BSE Script Code | 544274 |
| NSE Symbol | HYUNDAI |
| ISIN | INE0V6F01027 |
| Final Issue Price | ₹1960 per share |
| NSE Listing Group | EQ |
| BSE Listing Group | A |
Hyundai Motor India Ltd.
Plot No. H-1, SIPCOT Industrial Park
Irrungattukottai, Sriperumbudur Taluk
Kancheepuram District-602105
Kancheepuram, Tamil Nadu
Phone: +91 446710 5135
Email: complianceofficer@hmil.net
Website: https://www.hyundai.com/in/en
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: hmil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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 ₹27,858.75 Crores. The issue is priced at ₹1960 per share. The minimum order quantity is 7.
The IPO opens on October 15, 2024, and closes on October 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 October 15, 2024 and closes on October 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 Monday, October 21, 2024. Check the Hyundai Motor IPO allotment status.
The Hyundai Motor IPO listing date is on Tuesday, October 22, 2024.
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