HYUNDAI MOTOR INDIA LIMITED
₹ 1865 - ₹ 1960
15-Oct-2024 - 17-Oct-2024
₹ 13720.00

/ 7 Shares

HYUNDAI MOTOR INDIA LIMITED

15-Oct-2024 - 17-Oct-2024

₹ 1865 - ₹ 1960

Price Band

₹ 13720.00

Minimum Investment

7

Bid Lot

142,194,700

Shares
  • Face Value - ₹ 10/- Per Share

  • Listing at NSE BSE

  • 7,070,815 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Offer for Sale of 142,194,000 Equity Shares

Category % Shares/Amount
QIB 50% 70,708,150 Shares RS.13859.00 CR
HNI 1 5% 7,070,815 Shares RS.1386.00 CR @ 67341 FORM 1X
HNI 2 10% 14,141,630 Shares RS.2772.00 CR @ 134682 FORM 1X
Retail 35% 49,495,705 Shares RS.9701.00 CR @ 7070815 FORM 1X
Employee 0% 778,400 Shares RS.138.00 CR

BRLMs: Kotak Mahindra Capital, Citigroup Global, HSBC Securities, J P Morgan India, Morgan Stanley


Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
7070815 FORM 1X 67341 FORM 1X 134682 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 7 ₹ 13,720
Retail (Upto 2 Lakh) 14 98 ₹ 192,080
S-HNI (2 Lakh to 10 Lakh) 15 105 ₹ 205,800
S-HNI (2 Lakh to 10 Lakh) 72 504 ₹ 987,840
B-HNI (Above 10 Lakh) 73 511 ₹ 1,001,560

IPO Timeline

  • Open Date

    15-Oct-2024
  • Close Date

    17-Oct-2024
  • Basis of Allotment Date

    18-Oct-2024
  • Initiation of Refunds

    21-Oct-2024
  • Credit Shares to Demat A/c

    21-Oct-2024
  • IPO Listing Date

    22-Oct-2024

Subscription as on
17-Oct-2024 16:01

Category Book Size Subscription No. of Times
QIB 28,283,260 ₹ 5543.52 Cr. 197,248,156 ₹ 38660.64 Cr. 6.97x
HNI (<10 LAKH) 7,070,815 ₹ 1385.88 Cr. 4,570,888 ₹ 895.89 Cr. 0.65x
HNI2 (>10 LAKH) 14,141,630 ₹ 2771.76 Cr. 8,147,006 ₹ 1596.81 Cr. 0.58x
RETAIL 49,495,705 ₹ 9701.16 Cr. 24,366,279 ₹ 4775.79 Cr. 0.49x
EMP 778,400 ₹ 152.57 Cr. 1,336,657 ₹ 261.98 Cr. 1.72x
Total 99,769,810 235,668,986 2.36x
Category Book Size Subscription No. of Times
QIB 28,283,260 ₹ 5543.52 Cr. 197,248,156 ₹ 38660.64 Cr. 6.97x
HNI (<10 LAKH) 7,070,815 ₹ 1385.88 Cr. 4,570,888 ₹ 895.89 Cr. 0.65x
HNI2 (>10 LAKH) 14,141,630 ₹ 2771.76 Cr. 8,147,006 ₹ 1596.81 Cr. 0.58x
RETAIL 49,495,705 ₹ 9701.16 Cr. 24,366,279 ₹ 4775.79 Cr. 0.49x
EMP 778,400 ₹ 152.57 Cr. 1,336,657 ₹ 261.98 Cr. 1.72x
Total 99,769,810 235,668,986 2.36x

*Excluding Anchor

Total No. of Application Approx : ~2052346 (0.29 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • Incorporated on May 6, 1996, Hyundai Motor India (“HMI”) is promoted by Hyundai Motor Company (“HMC”). HMI is the 3rd largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales in CY2023. They have been the 2nd largest auto OEM in the Indian passenger vehicles market since Fiscal 2009 (in terms of domestic sales volumes).

  • They have a track record of manufacturing and selling 4-wheeler passenger vehicles that are reliable, feature-rich, innovative and backed by the latest technology. They have portfolio of 13 models across multiple passenger vehicle segments by body type such as sedans, hatchbacks, sports-utility vehicles (“SUVs”) and battery electric vehicles (“EVs”).

  • HMI also manufacture parts, such as transmissions and engines. They have also been India’s 2nd largest exporter of passenger vehicles from April 1, 2021 through June 30, 2024.

  • Since 1998 and up to June 30, 2024, they have cumulatively sold nearly 12 million passenger vehicles in India and through exports.

  • HMI’s current market position is because of their wide product offerings, stakeholder relationships and operations; the strong Hyundai brand in India; ability to leverage new technologies to enhance operational and manufacturing efficiency; and ability to expand into new businesses such as EVs through innovation.

  • In CY2023, they were among the Top 3 contributors to HMC’s global sales volumes, and their contribution to HMC’s sales volumes increased from 15.48% in CY2018 to 18.19% in CY2023.

  • The company has established “Hyundai” as a trusted brand in India. The 8 passenger vehicle models that have received this accolade are i10 (2008), Grand i10 (2014), Elite i20 (2015), Creta (2016), Verna (2018), Venue (2020), i20 (2021) and Exter (2024). Further IONIQ 5 also won the Green Car of the Year award in 2024.

  • As a key part of the Hyundai Motor Group, they gain early access to global trends in automotive, technologies and features, including from HMC’s dedicated technology arm covering passenger vehicle IT services, smart manufacturing, mobility services, data security services and enterprise IT services – Hyundai Autoever.

  • Leveraging Hyundai Autoever, HMC’s “smart factory” platform, they are able to produce flexibly customized passenger vehicles and parts using automated manufacturing processes. Further, to digitise the sales network, they have launched end-to-end digital platforms, such as the “myHyundai” app for customers and the “H-Smart” app for dealers in India.

Read More

Strengths

Competitive Strength 

  • The 2nd largest auto OEM in India and the largest exporter of passenger vehicles;

  • Diverse portfolio of passenger vehicles across powertrains and major passenger vehicle segments;

  • Ability to identify emerging market trends in a timely manner and introduce innovative passenger vehicles and technologies to meet customer needs in India;

  • Pan-India sales, distribution and after-sale services network offered by the dealers;

  • Digitisation across the value chain;

  • Flexible and automated manufacturing capabilities;

  • Experienced management team with a track record of delivering profitable growth and superior returns

Business Strategies 

  • Leveraging the deep understanding of consumer preferences to successfully expand the passenger vehicle portfolio;

  • Focus on continued premiumisation of the passenger vehicle portfolio;

  • Calibrated manufacturing capacity expansion and efficient capital allocation;

  • Focus on increasing EV market share;

  • Further strengthening the position as the export hub for HMC;

  • Continue to enhance the brand as a trusted brand in India;

  • Further deepen the physical-and digital network for sales and services across India.

Company Promoters

Company Financials

Hyundai Motor India Limited Financial Information (Restated Consolidated)

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
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 758.14 767.92 1,158.6 1,140.03
Amount in ? Crore

Objects of the Issue

  1. 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.

How to Apply

Apply for IPO in few simple steps.

  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

  • Applying for an IPO is easier than ever with Us, in just a few clicks your application is processed. You can bid for any IPO through Us, the bidding process is simple and hassle free. Every company has a lot size decided & you can buy in multiples of the decided lot.
  • If lot size is 15, then you have to bid for multiples of 15 share like 30,45,60 and so on.
  • The maximum subscription amount for retail investors is 2 lakh.
  • Any bid can be at a desired price or cut off price given by the company.

  • Enter the number of shares you wish to buy, as per the lot size.
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  • Maximum three bids will be accepted.
  • You then need to enter the UPI ID on IPO application form.

  • You will immediately get a fund blocked request on your UPI for the submitted IPO application.
  • The funds will be blocked in your bank account until allotment when it is debited.
  • The limit for IPO application is Rs 2 lakh per transaction on UPI.
  • On allotment of the shares, the money will be automatically debited.
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Frequently Asked Questions

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