Hyundai Motor India Limited IPO Opens On October 15. Check IPO Details Issue Date Price

EspressoLogy

Hyundai Motor India Limited IPO Opens On October 15. Check IPO Details Issue Date Price

October 11, 2024
Hyundai Motor India Limited  IPO Opens On October 15. Check IPO Details Issue Date Price

Hyundai Motor India Limited is coming out with an initial public offer to raise Rs. 27,855.68 crores from the market.

Below are the details of the Hyundai Motor India Limited IPO:

  • Issue opens – October 15 (Tuesday)
  • Issue closes – October 17 (Thursday)
  • Issue size – Rs. 27,855.68 crores
  • Price band – Rs. 1865 to 1960 per equity share
  • Bid lot – 7 shares and in multiples thereof.

And here are some details of the company and further details on the IPO.

Company Details:

  • Hyundai Motor India Limited is a part of the Hyundai Motor Group, the third largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report. They have been the second largest auto OEM in the Indian passenger vehicles market since Fiscal 2009 (in terms of domestic sales volumes) according to the CRISIL Report. They have a track record of manufacturing and selling four-wheeler passenger vehicles that are reliable, safe, feature-rich, innovative and backed by latest technology. This is demonstrated in their 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”).
  • They also manufacture parts, such as transmissions and engines that they use for their own manufacturing process or sales. They have been India’s second largest exporter of passenger vehicles from April 1, 2021 through June 30, 2024, according to the CRISIL Report. Since 1998 and up to June 30, 2024, they have cumulatively sold more than 12 million units of passenger vehicles in India and through exports.
  • They believe their current market position is because of (i) their wide product offerings, (ii) stakeholder relationships and operations; (iii) the strong Hyundai brand in India; (iv) their ability to leverage new technologies to enhance operational and manufacturing efficiency; and (v) their ability to expand into new businesses such as EVs through innovation. In CY2023, they were among the top three contributors to HMC’s global sales volumes, and their contribution to HMC’s sales volumes has increased from 15.48% in CY2018 to 18.19% in CY2023.
  • Their Company has invested ?301.03 billion (US$5.09 billion5) in India operations as of June 30, 2024 in tangible fixed assets and capital work in progress since their inception. With the support from HMC, they have built the first and second-largest manufacturing and supply chain ecosystem within the Hyundai Motor Group outside Hyundai’s home country, Korea. They believe that their large network of suppliers, dealers and other key stakeholders has helped create multiple job opportunities across the OEM value chain in India. They serve as a production and export hub for emerging markets for HMC, particularly for passenger vehicle models such as Verna and Venue. Their Chennai Manufacturing Plant had an annual production capacity of 824,000 units as of June 30, 2024. They are expanding their manufacturing capabilities in India with the recent acquisition of a manufacturing plant in Talegaon, Maharashtra (“Talegaon Manufacturing Plant”) which is expected to commence commercial operations partly in the second half of Fiscal 2026.

Issue Size: Rs. 27,855.68 Cr

Employee Reservation: Upto Rs. 138.09 crs

Employee Discount: Rs.186 per share

Issue break-up:

QIB – 50 % of the net offer – Rs. 13,858.80 Cr.
NIB – 15 % of the net offer – Rs. 4,157.64 Cr.
RET – 35 % of the net offer – Rs. 9,701.16 Cr.

Listing: BSE & NSE

Registrar: KFin Technologies Limited

UPI : All Retail & NII Bidders (bids up to Rs. 5,00,000) Applications through brokers are compulsorily in UPI Mode

Note

Application made using third party UPI or ASBA Bank A/c are liable to be rejected.

The UPI Mandate acceptance time for Retail and NII Bidders (bids up to Rs. 5,00,000) shall expire at 5:00 PM on the closing day of the IPO i.e., Thursday, October 17th, 2024.

Not an Espresso customer, but still want to apply for the IPO? Become an Espresso customer in just 15 mins* by tapping here and take it from there! (* T&C apply)

Team Espresso
by Team Espresso

We care that you succeed

Bringing readers the latest happenings from the world of Trading and Investments specifically and Finance in general.