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Hyundai IPO: India's Largest IPO?
Hyundai Motor India, a subsidiary of the Korean-based Hyundai Group, is set to make history with its highly anticipated Initial Public Offering (IPO). This could potentially be the largest IPO ever seen in India.
A Brief Overview of Hyundai Motor India
Established in 1996, Hyundai Motor India has carved a niche in the Indian automotive market with its diverse range of vehicles, from sedans and hatchbacks to SUVs and electric vehicles. The company's strong presence is evident in its market share, which stands at approximately 15% in FY 2024, making it the second-largest car manufacturer in India.
Why is Hyundai Motor India Going Public?
Hyundai Motor India's decision to go public is driven by several strategic objectives.
- Firstly, it aims to capitalize on the growing Indian automotive market, which offers immense potential for expansion.
- Secondly, the IPO is expected to enhance Hyundai's valuation and attract a broader investor base.
- Lastly, the company seeks to address the "Korea discount," a phenomenon where South Korean firms are often valued lower than their international counterparts.
Key Details of the Hyundai IPO
- Issue Size: The IPO issue size is Rs 27870.16 crores.
- Share Offer: The offer is expected to include a mix of shares for qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail individual investors (RIIs).
- Timing: The IPO will open on 15th October and close on 17th October. The shares of Hyundai IPO will list on nse and bse on 22nd October.
One can get Hyundai IPO Financals in the table below. Finology Ticker has Profit and loss, Balance Sheet and Cash flow data of the company for the past 5 years in this page.
The details about the Hyundai IPO is as:
- The issue size of the Hyundai Motor India IPO is 27,870.16 Cr.
- The price band for Hyundai Motor India IPO is Rs 1865 to Rs 1960.
- The shares of Hyundai Motor India IPO will list on 22nd October 2024.
- The latest tentative GMP of Hyundai IPO is Rs 30.
- The shares of Hyundai Motor India IPO is subscribed 2.37 Times as of 17th October 2024.
Hyundai IPO Valuation
The approx valuation of Hyundai Motor India Limited IPO based on its price band and DRHP (prospectus) is:
| Particulars |
Value |
| Upper Price Band |
Rs 1960 |
| Existing Shares (Qty) |
81.25 Cr |
| Market Cap |
159250 Cr |
| EPS (FY24) |
Rs 74.58 |
| PE Ratio |
26.28x |
| Industry PE |
23.57x |
Hyundai IPO Issue Size
Hyundai Motor India Limited IPO issue size is 27870.16 Cr.
| Issue |
Amount |
| Fresh Issue |
0 Cr |
| Offer For Sale |
27870.16 Cr |
Hyundai IPO Market Lot
An Individual can apply for a minimum 1 lot of 7 shares and a maximum of 14 lots of 98 shares. Find the details below:
| Application |
Lot |
Shares |
Amount |
| Minimum |
1 |
7 |
Rs 13720 |
| Maximum |
14 |
98 |
Rs 192080 |
Hyundai IPO share offer
The shares of Hyundai Motor India Limited IPO is subscribed 2.37 Times as of 17th October. The category-wise shares subscribed are as follows:
| Category |
% Offered |
Subscription |
| Qualified Institutional |
Maximum 50% |
6.97 Times |
| Non-Institutional |
Minimum 15% |
0.60 Times |
| Retail Individual |
Minimum 35% |
0.50 Times |
| Employee |
7,78,400 Shares |
1.74 Times |
| Total |
|
2.37 Times |
Hyundai IPO GMP (Grey Market Premium)
| As on |
GMP (Tentative) |
| 10 October 2024 |
Rs 170 |
| 13 October 2024 |
Rs 100 |
| 14 October 2024 |
Rs 30 |
| 15 October 2024 |
Rs 45 |
| 16 October 2024 |
Rs 65 |
| 17 October 2024 |
Rs 30 |
Hyundai IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.
Allotment Details
Find below the dates for Hyundai IPO:
| Schedule |
Date |
| Basis of Allotment |
18 October 2024 |
| Refunds |
21 October 2024 |
| Credit to Demat Account |
21 October 2024 |
| IPO Listing Date |
22 October 2024 |