The Hyundai Motor India IPO is one of the largest and most anticipated IPOs in India’s history. Set to raise ₹27,870.16 crores, this IPO offers a significant investment opportunity for both retail and institutional investors.
Here’s a detailed guide to understanding Hyundai Motor India’s IPO, focusing on the Grey Market Premium (GMP) and the key aspects of the IPO.
Hyundai Motor India IPO Snapshot
- Issue Size: ₹27,870.16 crores
- Offer for Sale: 142.22 crore shares
- IPO Price Band: ₹1865 to ₹1960 per share
- Lot Size: Minimum 7 shares (₹13,720 investment)
- IPO Date: Opens on October 15, 2024, and closes on October 17, 2024
- Listing Date: Tentatively set for October 22, 2024
Hyundai Motor India IPO Key Dates
| Event | Dates |
| IPO Opening Date | October 15, 2024 |
| IPO Closing Date | October 17, 2024 |
| Allotment Finalization | October 18, 2024 |
| Refund Initiation | October 21, 2024 |
| Shares Credited to Demat | October 21, 2024 |
| Listing Date | October 22, 2024 |
Read More – NTPC Green Energy IPO 2024
GMP (Grey Market Premium) Analysis
The GMP is an informal premium paid for shares in the grey market before they are listed on the stock exchanges. It reflects investor sentiment and the expected performance of the stock upon listing. As of now, Hyundai Motor India IPO is seeing strong interest in the grey market. The GMP will likely fluctuate as we approach the listing date, based on market trends and demand.
- GMP Today: Projected ₹1928HOW TO CHECK ALLOTMENT STATUS FOR HYUNDAI IPOIf you’ve applied for the Hyundai IPO, you can check your allotment status online in a few simple steps:
- Expected Listing Price: ₹1960 max price band
HOW TO CHECK IPO ALLOTMENT STATUS Of HYUNDAI Motor India IPO
If you’ve applied for the Hyundai Motor India IPO, you can check your allotment status online in a few simple steps:
1. Through the BSE website:
- Step 1 – Visit the BSE allotment status page.
- Step 2 – Click here – Select Equity as the issue type.
- Step 3 – Hyundai Motor India Ltd from the dropdown list.
- Step 4 – Enter your application number and PAN card details.
- Step 5 – Complete the CAPTCHA and click Submit yo view your allotment status.
2. Through the KFin Technologies
- Step 1 – Visit Website – KFin Technologies allotment status
- Step 2 – Click here – Select Hyundai Motor India Ltd from the dropdown list.
- Step 3 – Check Allotment Status Via Application Number, Demat Account, or PAN.
- Step 4 – Enter the relevant details and security CAPTCHA.
- Step 5 – Click Submit to check your allotment status.
Hyundai Motor IPO Lot Size and Investment Breakdown
| Investments | Minimum Lots | Shares | Investment Amount (₹) |
| Retail Investors | 1 | 7 | 13,720 |
| Retail Max | 14 | 98 | 1,92,080 |
| HNI | 15 | 105 | 2,05,800 |
| B-HNI | 73 | 511 | 1,001,560 |
Retail investors can bid in multiples of 7 shares, while High Networth Individuals (HNI) have higher investment thresholds depending on their classification as Small (S-HNI) or Big HNI (B-HNI).
Anchor Investors and Offer for Sale
Hyundai Motor India has raised ₹8,315.28 crore from anchor investors a day before the IPO opens (October 14, 2024). Anchor investors include large institutional buyers, providing a glimpse into the potential demand for the stock.
- Anchor Portion Size: 42.42 million shares
- Lock-in Period: 50% of the anchor portion will have a lock-in period until November 17, 2024, and the remaining until January 16, 2025.
Hyundai Motor India Financials
Hyundai Motor India Limited has shown consistent growth over recent years, both in revenue and profitability.
Here’s a snapshot of the company’s financial performance.
| Metric | Jun 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
| Revenue (₹ Cr.) | 17,567.98 | 71,302.33 | 61,436.64 | 47,966.05 |
| Profit After Tax (₹ Cr.) | 1,489.65 | 6,060.04 | 4,709.25 | 2,901.59 |
| Assets (₹ Cr.) | 25,370.24 | 26,349.25 | 34,573.34 | 28,358.06 |
| Net Worth (₹ Cr.) | 12,148.71 | 10,665.66 | 20,054.82 | 16,856.26 |
Read More – Afcons Infrastructure IPO Shareholder Quota
Key Performance Indicators
| KPI | Value |
| Return on Capital Employed (ROCE) | 13.69% |
| Return on Net Worth (RoNW) | 12.26% |
| Price-to-Book Value (P/BV) | 14.93 |
Hyundai Motor IPO Reservation
| Investor Category | Shares Offered (%) |
| Qualified Institutional Buyers (QIB) | 50.00% of Net Issue |
| Retail Investors | 35.00% of Net Issue |
| Non-Institutional Investors (NII) | 15.00% of Net Issue |
Objects of the IPO
- This IPO is entirely an Offer for Sale (OFS). The company will not receive any proceeds from the issue.
- The promoter, Hyundai Motor Company, will receive all the proceeds from the sale, after deducting related expenses.
Hyundai Motor India’s Business Overview
Incorporated in 1996, Hyundai Motor India Limited (HMIL) is a subsidiary of Hyundai Motor Company, the third-largest auto OEM globally. The company offers a wide range of four-wheeler passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).
Key Models
- Grand i10 NIOS
- i20, i20 N Line
- Verna, Creta, Alcazar
- Tucson, Ioniq 5 (Electric SUV)
Manufacturing and Exports
Hyundai Motor India operates a large manufacturing plant near Chennai with a robust production capacity for its entire model range. It exports vehicles to several regions, including Africa, the Middle East, and South Asia.
Should You Invest in Hyundai Motor India IPO?
The Hyundai Motor India IPO, being one of the largest IPOs ever, is generating significant interest. Analysts are positive about its medium to long-term growth prospects due to its market position, expansion plans, and solid financials. If you are looking for a stable long-term investment with promising returns, Hyundai Motor India may be a good option.
Pros
Cons
Conclusion
The Hyundai Motor India IPO is a landmark event in the Indian equity market, with its vast size and potential for both retail and institutional investors. Given the strong financials and the backing of a global auto giant, Hyundai Motor India offers a promising investment opportunity for those with a medium to long-term horizon.
For real-time GMP updates, track the grey market closely before the listing date to gauge expected returns.
Information Source – Chittorgarh.com