Hyundai Motor India is into Manufacturing Automobile sector and is looking raise funds through Offer for Sale
IPO Summary
Hyundai Motor India IPO is a public offering of shares by Hyundai Motor Company. The IPO will open on October 15 and will close on October 17. The price band is ₹1,865 to ₹1,960 per share and the lot size is 7 shares. The issue size is ₹27,870.16 crore. The shares are expected to be listed on NSE, BSE on October 23 (^). Some additional information that you may find useful are:-
Financial Snapshot (Updated in Oct'2024)
- Revenue (Rs Crores): 17344.2 in Q1FY25 (v/s 69829.1 in FY24 / 60307.5 in FY23 and v/s 47378.4 in FY22)
- EBITDA (Rs Crores): 2340.2 in Q1FY25 (v/s 9132.6 in FY24 / 7548.7 in FY23 and v/s 5486.0 in FY22)
- EBITDA Margins (%): 13.5% in Q1FY25 (v/s 13.1% in FY24 / 12.5 in FY23 and v/s 11.6 in FY22)
- PAT (Rs Crores): 1489.7 in Q1FY25 (v/s 6060.0 in FY24 / 4709.3 in FY23 and v/s 2015.9 in FY22)
- PAT Margin (%): 8.5% in Q1FY25 (v/s 8.5% in FY24 / 7.7 in FY23 and v/s 6.1 in FY22)
- EPS (Rs/share): 18.3 in Q1FY25 (v/s 74.6 in FY24 / 57.96 in FY23 and v/s 35.7 in FY22)
- RoNW (%): 12.3 in Q1FY25 (v/s 56.8 in FY24 / 23.5 in FY23 and v/s 17.2 in FY22)
- RoCE (%): 13.7 in Q1FY25 (v/s 62.9 in FY24 / 28.8 in FY23 and v/s 20.4 in FY22)
- Total Debt (Rs Crores): 758.1 in Q1FY25 (v/s 767.9 in FY24 / 1158.6 in FY23 and v/s 1140 in FY22)
Promoters of the company are Hyundai Motor Company Currently promoters hold 100% stake in the company. While post-equity promoters stake will be 82.5%
- Company aims to raise between Rs 26,519 to 27,870 crs through this IPO.
- The net proceeds of the issue will be utilized to 1) carry out the OFS of up to 142,194,700 Equity Shares of face value of ₹ 10 each by the Promoter Selling Shareholder and 2) achieve the benefits of listing the Equity Shares on the Stock Exchanges.
- Anchor bidding is expected to commence one day prior to the IPO dates. Tentative anchor bidding date would be 14-Oct-24.
- Price band for the IPO has been fixed at Rs 1,865 to 1,960 per share and bid lot are in multiple of 7 shares. The implied market cap post-issue at Rs 151,539 to 159,258 crs.
- As per the tentative schedule, allotment date of this IPO is most likely on October 18 and share are expected to be listed on NSE, BSE on October 23.
- Company has direct peer competition in India'a Automobile manufacturing sector. In Listed space peers include Maruti Suzuki India Limited, TATA Motors Limited and Mahindra & Mahindra Limited among others.
- Kotak Mahindra Capital, Citigroup Global Markets, HSBC Securities and Capital Markets, JP Morgan India, Morgan Stanley India Company has been appointed as Merchant Banker to the issue. KFin Technologies Ltd. has been appointed as official registrar of the issue.
- Company has not undertaken Pre-IPO placement.
Key Pointers of Hyundai Motor India IPO:
| Hyundai Motor India Limited IPO Snapshot | UdhyamPitch on X | |||
|---|---|---|---|
| Established | City | Sector | Sub-Sector |
| 1996 | Gurugram | Manufacturing | Automobile |
| Issue | Issue Type | Tentative Listing Date | Listing at |
| IPO (OFS) | Book Building | 23-Oct-24 | NSE, BSE |
| IPO Dates | Price Band (Rs/sh) | Face Value (Rs/sh) | Min Lot Qty |
| 15-Oct-24 to 17-Oct-24 | ₹ 1,865 to 1,960 per sh | ₹ 10 per sh | 7 sh and in multiples |
| Retail App (min) | Retail App (max) | Non-Retail (Rs2-10L App) | Non-Retail (>Rs10L min App) |
| 7 shares ₹ 13,720 |
98 shares up to ₹ 192,080 |
105 to 504 shares ₹ 205,800 to 987,840 |
511 shares and above ₹ 1,001,560 and above |
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
About Hyundai Motor India Limited
Established in 1996, Hyundai Motor India is a part of the Hyundai Motor
Group, the third largest auto OEM in the world. It manufactures and sell
four-wheeler passenger vehicles and parts, such as transmissions and
engines in India and outside India. Currently vehicle portfolio includes
13 passenger vehicle models across sedans, hatchbacks, SUVs and battery
EVs. Since 1998 and up to March 31, 2024, company have cumulatively sold
nearly 12 million passenger vehicles in India and through exports. It
has been India’s largest exporter of passenger vehicles from Fiscal 2005
to the first 11 months of Fiscal 2024, having exported the highest
cumulative number of passenger vehicles for the same period. Company has
currently installed capacity of 811,000 units per annum (770,000 units
in FY23) with utilisation capacity of 94.05% in Q1FY25 (97.1%/94.45% in
FY24/FY23).
- Share of revenue during Q1FY25 from India/Africa/Latin America/Middle East and Europe/Others at 76.3%/3.6%/7.5%/12.1%/0.9% (v/s FY24 at 77.6%/3.5%/6.7%/11.2%/0.9% and FY23 at 76.6%/6.2%/9.2%/6.4%/1.6% and FY22 at 78.8%/6.3%/7.8%/5.6%/1.5%)
- Capacity Utilisation during Q1FY25 at 94.05% (v/s 97.1%/94.45%/79.96% in FY24/FY23/FY22)
- Sales outlets during Q1FY25 at 1,377 (v/s 1,363/1336/1282 outlets in FY24/FY23/FY22)
- Service outlets during Q1FY25 at 1,561 (v/s 1,549/1498/1422 in FY24/FY23/FY22)
- Share of Domestic SUV in Q1FY25 at 67.4% (v/s 63.25%/53.16%/52.01% in FY24/FY23/FY22)
- Sales volume during Q1FY25 at 192,055 units (v/s 770,876/720,565/610,760 units in FY24/FY23/FY22
- Share of Exports during Q1FY25 at 22.18% (v/s 20.97%/21.24%/21.16% in FY24/FY23/FY22)
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Financial Snapshot (Updated in Sep'2024)
- Revenue (Rs Crores): 17344.2 in Q1FY25 (v/s 69829.1 in FY24 / 60307.5 in FY23 and v/s 47378.4 in FY22)
- EBITDA (Rs Crores): 2340.2 in Q1FY25 (v/s 9132.6 in FY24 / 7548.7 in FY23 and v/s 5486.0 in FY22)
- EBITDA Margins (%): 13.5% in Q1FY25 (v/s 13.1% in FY24 / 12.5 in FY23 and v/s 11.6 in FY22)
- PAT (Rs Crores): 1489.7 in Q1FY25 (v/s 6060.0 in FY24 / 4709.3 in FY23 and v/s 2015.9 in FY22)
- PAT Margin (%): 8.5% in Q1FY25 (v/s 8.5% in FY24 / 7.7 in FY23 and v/s 6.1 in FY22)
- EPS (Rs/share): 18.3 in Q1FY25 (v/s 74.6 in FY24 / 57.96 in FY23 and v/s 35.7 in FY22)
- RoNW (%): 12.3 in Q1FY25 (v/s 56.8 in FY24 / 23.5 in FY23 and v/s 17.2 in FY22)
- RoCE (%): 13.7 in Q1FY25 (v/s 62.9 in FY24 / 28.8 in FY23 and v/s 20.4 in FY22)
- Total Debt (Rs Crores): 758.1 in Q1FY25 (v/s 767.9 in FY24 / 1158.6 in FY23 and v/s 1140 in FY22)
About Industry
The Indian PV industry witnessed growth reaching a high of 3.3 million vehicle sales in Fiscal 2019. This growth until Fiscal 2019 was led by continuous improvement in GDP, increase in disposable incomes and new model launches, stable cost of vehicle ownership, as well as rising traction for SUVs. Between Fiscals 2019 and 2024, India’s domestic PV sales volume rose at 5% CAGR. This growth was despite the sales contraction (at 10% CAGR) witnessed during Fiscals 2019 to 2021. From the low base of Fiscal 2021, passenger vehicle sales bounced back and grew at a healthy pace to reach 3.9 million vehicles in Fiscal 2023. In Fiscal 2024, the industry is estimated to have grown by 8.4% to reach the historic high of 4.2 million units. In Fiscal 2024, the Company had a market share across select OEMs in India in terms of volume of 12% (hatchbacks), 22% (sedans) and 18% (SUVs) (Source: CRISIL Report).
| Hyundai Motor India Limited IPO Dates | UdhyamPitch on X | |
|---|---|
| Anchor Open | 14-Oct-24 |
| IPO Open | 15-Oct-24 |
| IPO Close | 17-Oct-24 |
| Allotment | 18-Oct-24 |
| Credit of Shares | 21-Oct-24 |
| Refund | 21-Oct-24 |
| Listing | 23-Oct-24 |
| Anchor Investor Lockin (50% of Anchor book investment) | |
| Anchor Investor Lockin (Balance 50% of Anchor book investment) | |
Kindly note UPI Mandate deadline is 5:00 pm IST on closing date. To avoid last minute issue, request you to approve UPI mandate before 4:00 pm IST on last day. In case, UPI mandate has not been approved during the prescribed time period, applications are liable to get rejected.
There are highly chances of variation in dates. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Hyundai Motor India Limited IPO - Management Details: | |
|---|---|
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Unsoo Kim, Managing Director He has been associated with our Company since January 1, 2022. He holds a bachelor’s degree in science (engineering) from the Department of Naval Architecture and Ocean Engineering of the College of Engineering at Seoul National University, Korea. He is responsible for the overall operations and business of the Company. He has been associated with the Hyundai Motor Group since December 2, 1991. |
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Tarun Garg, Whole-time Director and Chief Operating
Officer He has been associated with the Company since December 4, 2019. He holds a bachelor’s degree in engineering (mechanical) from the University of Delhi and a post graduate diploma in management from the Indian Institute of Management, Lucknow. He is responsible for driving sales, service, dealer management, product strategies, marketing, profitability, customer relationship, brand and media management at the Company. He was previously associated with Maruti Suzuki India Limited. |
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Wangdo Hur, CFO He has been associated with the Company since January 1, 2023. His current tenure in the Company as the executive director – finance is for a period of four years commencing from January 1, 2023 to December 31, 2026, and his current tenure as the Chief Financial Officer is for a period of three years i.e., up to February 2, 2026. He holds a bachelor’s degree in economics from the College of Business and Economics at Yeungnam University, Korea. He oversees the finance activities and performance of the Company. He has been associated with the Hyundai Motor Group since December 1, 1991. |
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Divya Venkat, Company Secretary and Compliance Officer She has been associated with the Company since October 4, 2018. She holds a bachelor’s degree in commerce (corporate secretaryship) from the M.O.P Vaishnav College for Women, Chennai, University of Madras. She is also an associate of the Institute of Company Secretaries of India. She has previously worked with Qube Cinema Technologies Private Limited, Kailash Shipping Services Private Limited and Randstad India Private Limited. She is responsible for ensuring legal and secretarial compliance in the Company. |
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Visit DRHP / RHP for more details on Board of Directors and
Management details.
| Hyundai Motor India Limited IPO - Details of Offer/Issue Breakup | UdhyamPitch on X | |||||
|---|---|---|---|---|---|
| Category | Quota (%) | No of Shares-Lower | No of Shares-Upper | Value (Rs Cr)-Lower | Value (Rs Cr)-Upper |
| QIB (Incl Anchor) | 50 | NA | 70,708,150 | NA | 13,858.8 |
| Non-Retail (NII) | 15 | NA | 21,212,445 | NA | 4,157.64 |
| Non-Retail (NII): >Rs10L | NA | 14,141,630 | NA | 2,771.76 | |
| Non-Retail (NII): Rs2L-Rs10L | NA | 7,070,815 | NA | 1,385.88 | |
| Retail | 35 | NA | 49,495,705 | NA | 9,701.16 |
| Employee | NA | 778,400 | . | . | |
| Shareholder | NA | 778,400. | . | ||
| NA=Not Available or Not Calculated | Upper= Upper Price Band | Lower=Lower Price Band | |||||
There are highly chances of variation in data. Users are requested to visit BSE, NSE, SEBI to gather information or read DRHP / RHP for more information.
| Hyundai Motor India Limited - IPO Merchant Bankers: |
|---|
| Kotak Mahindra Capital |
| Citigroup Global Markets |
| HSBC Securities and Capital Markets |
| JP Morgan India |
| Morgan Stanley India Company |
| Hyundai Motor India Limited - IPO Registrar & Transfer Agent (RTA): |
|---|
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KFin Technologies Ltd. Selenium, Tower B, Plot No 31 and 32, Financial District, Nanakramguda, Serilingampally HYDERABAD TELANGANA 500032 |
Check IPO Allotment status of Hyundai Motor IndiaIPO:
| Hyundai Motor India Limited - Anchor Lockin Dates and Details | |
|---|---|
| Anchor Investor Lockin (50% of Investment for 30 days) release of | |
| Anchor Investor Lockin (Balance Investment for 90 days) release of | |
Above information is automatically calculated based on estimations. Chances of errors/changes could be possible due to holidays and/or other conditions. Users are requested to Visit BSE, NSE, SEBI for more information or contact the Company/Merchant Banker/RTA for more information.
| Hyundai Motor India Limited - Documents | |
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Disclaimer:
Above article only publishes details on the companies and about forthcoming / upcoming IPO' and are solely intended for educational purpose. We don't solicit or invite any interest of user to invest in any of the investment products. Please review DRHP/RHP/Prospectus for more details about the company, fundamentals and other details. Please visit respective sources to verify and know more details about the IPO. SME IPOs can be more volatile due to smaller market capitalization and liquidity. Prices may fluctuate significantly in response to market conditions. We advise users and/or investors to take opinion from certified and SEBI registered experts before taking any investment decisions.
| Source: SEBI, BSE, NSE |
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