Hyundai Motor India Limited, a part of the globally renowned Hyundai Motor Group, is set to launch its highly anticipated IPO. The company is offering a book-built issue worth Rs 27,870.16 crore, entirely an Offer for Sale (OFS) of 14.22 crore shares. Here’s everything you need to know about the Hyundai Motor IPO.

IPO Details

• IPO Opening Date: October 15, 2024
• IPO Closing Date: October 17, 2024
• Price Band: ₹1865 to ₹1960 per share
• Minimum Lot Size: 7 Shares
• Retail Investor Investment Range: ₹13,720 (min) to ₹192,080 (max)
• sNII Investment Range: ₹205,800 (min) for 15 lots to ₹987,840 (max) for 72 lots
• bNII Investment Range: ₹1,001,560 (min) for 73 lots
• Listing Date: Expected to list on BSE and NSE by October 22, 2024

The issue also includes a reservation of up to 778,400 shares for employees, offered at a discounted price of ₹186 below the issue price.

Prominent IPO Managers

Hyundai Motor IPO will be led by Kotak Mahindra Capital Company Ltd, Citigroup Global Markets India, HSBC Securities, J.P. Morgan India, and Morgan Stanley India as the book running lead managers. Kfin Technologies Ltd will act as the registrar for the issue.

Hyundai Motor IPO Timeline (Tentative)

• Anchor Investor Bidding Date: October 14, 2024
• Basis of Allotment: October 18, 2024
• Refund Initiation Date: October 21, 2024
• Credit of Shares to Demat Accounts: October 21, 2024
• Listing Date: October 22, 2024

Shareholding

• Pre-Issue Shareholding: 100% held by Hyundai Motor Company.
• Post-Issue Shareholding: 82.50% after the sale.

Company Overview

Incorporated in May 1996, Hyundai Motor India Limited (HMIL) is a leading manufacturer of passenger vehicles. It is part of the Hyundai Motor Group, the world's third-largest auto Original Equipment Manufacturer (OEM). HMIL produces a range of reliable, feature-rich, and innovative cars, including sedans, hatchbacks, SUVs, and electric vehicles (EVs), leveraging cutting-edge technology.

With a network of 1,366 sales points and 1,550 service points across India, the company has sold nearly 12 million vehicles in the country and through exports. Some popular Hyundai models include the Grand i10 NIOS, i20, Creta, and the all-electric Ioniq 5.

Financial Performance

Hyundai Motor India Limited has shown strong financial growth in recent years:

• Revenue (FY 2024): ₹71,302.33 crore, a 16% increase over FY 2023.
• Profit After Tax (FY 2024): ₹6,060.04 crore, a 29% jump from FY 2023’s ₹4,709.25 crore.
• Assets (June 30, 2024): ₹25,370.24 crore.
• Net Worth (June 30, 2024): ₹12,148.71 crore.

The company continues to demonstrate solid financial stability with robust growth across multiple key metrics, including a market capitalization of ₹159,258.06 crore and an ROCE of 13.69%.

IPO Objectives

The IPO is an Offer for Sale (OFS), meaning Hyundai Motor India Limited itself will not receive any proceeds. Instead, the promoter Hyundai Motor Company will receive the funds after relevant deductions.

Conclusion

The Hyundai Motor IPO presents a significant opportunity for investors, given the company’s strong market presence, financial health, and global reputation. Retail and institutional investors alike are expected to flock to this IPO, making it one of the most anticipated public offerings of the year.