Hyundai Motor India Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹1865 - ₹1960
- Lot size
- 7 shares
- Issue amount
- ₹27,870.16 cr
- Total subscription
- 2.37×
- Opens
- 15 Oct 2024
- Closes
- 17 Oct 2024
- Allotment
- 19 Oct 2024
- Listing
- 22 Oct 2024
Offer at a glance
Issue overview
- Issue size
- 14,21,94,700 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹13,055
- Fresh issue
- ₹27,870.16 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹13,720
- Issue type
- Bookbuilding IPO
- Shares before issue
- 81,25,41,100
- Shares after issue
- 81,25,41,100
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 7 | ₹13,720 |
| sHNI | 15 | 105 | ₹2,05,800 |
| bHNI | 73 | 511 | ₹10,01,560 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 1,34,682 | 11,962 |
| HNIs (2-10L) | 67,341 | 34,396 |
| Retail | 70,70,815 | 20,30,230 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 5,543.52 | 38,660.64 |
| RETAIL | 9,701.16 | 4,893 |
| HNIs 2+ | 1,385.88 | 903.88 |
| HNIs 10+ | 2,771.76 | 1,596.81 |
| EMPLOYEES | 152.57 | 265.94 |
Financial performance
Company financials
in Crore · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 18.33 | 74.58 | 57.96 |
| ROE | 0 | 0 | 0 |
| ROCE | 13.69 | 62.9 | 28.75 |
| RONW | 12.26 | 56.82 | 23.48 |
| PRE IPO(PE) | 26.28 | 0 | 0 |
| POST IPO(PE) | 26.73 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Hyundai Motor India Limited (HMIL), established in May 1996, is a leading car manufacturer and part of the Hyundai Motor Group, the world’s third-largest automaker. Offering a wide range of stylish, reliable, and tech-driven vehicles—including sedans, hatchbacks, SUVs, and electric cars like the Ioniq 5—HMIL has become a household name with popular models like the Grand i10 NIOS, i20, Verna, and Creta. With a strong presence across India, it operates 1,366 sales points and 1,550 service centers, partnering with 363 dealers for smooth distribution. As of March 31, 2024, the company has sold nearly 12 million vehicles, serving both domestic and international markets, including Africa, the Middle East, and South Asia. Its advanced manufacturing plant near Chennai plays a key role in producing high-quality vehicles, including essential components like engines and transmissions.
Strengths
- Wide Market Reach: Hyundai Motor India Ltd. (HMIL) is a top automobile brand in India, with 1,366 sales points and 1,550 service centers, ensuring strong nationwide coverage.
- Diverse Car Lineup: Hyundai offers a range of vehicles, including sedans, hatchbacks, SUVs, and electric cars, catering to different customer needs with popular models like the Grand i10 NIOS, Creta, Verna, and Ioniq 5.
- Innovation & Technology: Hyundai is known for its advanced, feature-packed cars and is making strides in electric vehicle (EV) technology with models like the Ioniq 5.
- Global Presence: Beyond India, Hyundai exports cars to Africa, the Middle East, and neighboring countries like Bangladesh, Nepal, Bhutan, and Sri Lanka, strengthening its international reach.
- Trusted Brand: Hyundai has built a strong reputation for reliable, high-quality vehicles and excellent after-sales service, keeping customers satisfied and loyal.
- Strong Backing: As part of the Hyundai Motor Group, HMIL benefits from global expertise, solid R&D, and financial strength, supporting its continued growth.
Risk factors
- Tough Competition: Hyundai faces strong competition in India from brands like Maruti Suzuki, Tata Motors, Kia, and Toyota, which could impact its market share.
- Limited EV Options: While Hyundai has entered the electric vehicle market, its EV lineup in India is still smaller compared to rivals expanding their offerings quickly.
- Market Dependence: Hyundai exports to many countries but relies heavily on regions like the Middle East and Africa, making it vulnerable to economic or political shifts in those areas.
- Supply Chain Challenges: Like other automakers, Hyundai faces risks from supply chain disruptions, such as semiconductor shortages, which can delay production and deliveries.
- Sibling Rivalry: Hyundai’s affiliate, Kia, operates in the same market, which could create competition between the two and affect Hyundai’s market position.
- Reliance on Parent Company: Hyundai Motor India depends on its parent company for key parts, materials, and R&D. Any disruption in this relationship could impact its operations.
- Industry & Market Risks: Despite recent growth in the auto sector, factors like geopolitical tensions and global economic shifts could still affect Hyundai’s business and stock performance.
Promoters
Hyundai Motor Company
Registrar & documents
Lead manager
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, Hsbc Securities & Capital Markets Private Limited, J.P. Morgan India Private Limited, Morgan Stanley India Company Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. H-1, SIPCOT Industrial Park, Irrungattukottai, Sriperumbudur Taluk, Kancheepuram District-602105
+91 446710 5135
[email protected]Company website ↗Understanding HYUNDAI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.