Hyundai Motor India Limited IPO

NiftyTrader • October 8, 2024

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Hyundai Motor India Limited IPO

Hyundai Motor India Limited’s IPO opens for subscription on October 15, 2024, and closes on October 17, 2024. The allotment for the Hyundai Motor IPO is expected to be finalized on Friday, October 18, 2024. The IPO will be listed on BSE and NSE, with a tentative listing date fixed as Tuesday, October 22, 2024.

Hyundai Motor’s IPO price band is set at ₹1900 to ₹1960 per share. The minimum lot size for an application is 7 Shares. The minimum amount of investment required by retail investors is ₹13,720. The minimum lot size investment for sNII is 15 lots (105 shares), amounting to ₹205,800, and for bNII, it is 73 lots (511 shares), amounting to ₹1,001,560.

Hyundai Motor IPO is a book-built issue of Rs 27,870.16 crores. It is entirely an offer to sell 14.22 crore shares.

Hyundai Motor IPO Details

IPO Date	October 15, 2024 to October 17, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹1900 to ₹1960 per share
Lot Size	7 Shares
Total Issue Size	142,194,700 shares (aggregating up to ₹27,870.16 Cr)
Fresh Issue	142,194,700 shares of ₹10 (aggregating up to ₹27,870.16 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	812,541,100
Shareholding post-issue	812,541,100

Hyundai Motor IPO Lot Size

Investors can bid for a minimum of 7 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

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

Hyundai Motor IPO Objectives

The company will not receive any proceeds from the Offer (the “Offer Proceeds”) 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.

About Hyundai Motor India Limited

Hyundai Motor India Limited, established in May 1996 and part of the Hyundai Motor Group, is a leading automotive manufacturer in India, known for producing a diverse range of reliable and innovative passenger vehicles, including sedans, hatchbacks, SUVs, and electric models. With a robust network of 1,366 sales points and 1,550 service centers across the country, the company has sold nearly 12 million vehicles by March 2024. Its Chennai manufacturing plant supports the production of various models such as the Grand i10 NIOS, Creta, and the Ioniq 5, and it exports vehicles to multiple regions, including Africa and South Asia. As of December 31, 2023, Hyundai has partnered with 363 dealers in India to enhance its distribution and sales.

Hyundai Motor India Limited Financial Information

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	1758.14	767.92	11,158.6	1,140.03
				Amount in ₹ Crore

Hyundai Motor IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net offer
Retail Shares Offered	Not less than 35.03% of the Net Issue
NII (HNI) Shares Offered	Not less than 15.00% of the Net Offer

Hyundai Motor IPO Timeline

Hyundai Motor IPO opens on October 15, 2024, and closes on October 17, 2024.

IPO Open Date	Tuesday, October 15, 2024
IPO Close Date	Thursday, October 17, 2024
Basis of Allotment	Friday, October 18, 2024
Initiation of Refunds	Monday, October 21, 2024
A 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