Hyundai Motor India Limited (MAINBOARD)
Oct 15, 2024 - Oct 17, 2024
| Price | ₹1865 - ₹1960 |
| Premium | ₹62 |
|---|---|
| Lot size | 7 |
| Allotment | Oct 19, 2024 |
| Listing | Oct 22, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 7 | 13720 | 7070815 |
| sHNI | 15 | 105 | 205800 | 67341 |
| bHNI | 73 | 511 | 1001560 | 134682 |
Last updated on 17-Oct-2024 19:00:52
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 28283260 | 197248156 | 6.97 |
| HNIs | 21212445 | 12758627 | 0.6 |
| HNIs 10+ | 14141630 | 8147006 | 0.58 |
| HNIs 2+ | 7070815 | 4611621 | 0.65 |
| Retail | 49495705 | 24964289 | 0.5 |
| Employees | 778400 | 1356831 | 1.74 |
| Total | 99769810 | 236327903 | 2.37 |
Application Wise Breakup (Approx) | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 134682 | 11962 | 0.09 |
| HNIs (2-10L) | 67341 | 34396 | 0.51 |
| Retail | 7070815 | 2030230 | 0.29 |
| Employee | - | 75526 | - |
| Total Applications: 2152114 | |||
| © IPO Premium | |||
| Subscription Demand (in ₹ crore) | |||
|---|---|---|---|
| Category | Offered | Demand | Times |
| QIBs | 5543.52 | 38660.64 | 6.97 |
| FIIs | - | 22540.18 | - |
| DIIs | - | 6414.41 | - |
| Mutual funds | - | 8763.4 | - |
| Others | - | 942.65 | - |
| HNIs | 4157.64 | 2500.69 | 0.6 |
| HNIs 10+ | 2771.76 | 1596.81 | 0.58 |
| HNIs 2+ | 1385.88 | 903.88 | 0.65 |
| Retail | 9701.16 | 4893 | 0.5 |
| Employees | 152.57 | 265.94 | 1.74 |
| Total | 19554.88 | 46320.27 | 2.37 |
| QIB Interest Cost per share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹18.34 | @8% ₹20.96 | @9% ₹23.58 | @10% ₹26.2 | @11% ₹28.82 | @12% ₹31.44 |
Price Per Lot Chart
| Retail | ||
|---|---|---|
| Lots | Quantity | Amount |
| 1 | 7 | 13720 |
| 2 | 14 | 27440 |
| 3 | 21 | 41160 |
| 4 | 28 | 54880 |
| 5 | 35 | 68600 |
| 6 | 42 | 82320 |
| 7 | 49 | 96040 |
| 8 | 56 | 109760 |
| 9 | 63 | 123480 |
| 10 | 70 | 137200 |
| 11 | 77 | 150920 |
| 12 | 84 | 164640 |
| 13 | 91 | 178360 |
| 14 | 98 | 192080 |
| SHNI | ||
| MINIMUM | 105 | 205800 |
| MAXIMUM | 504 | 987840 |
| BHNI | ||
| 511 | 10015600 | |
Hyundai Motor IPO Details
| Total Issue Size | 142,194,700 shares (aggregating up to ₹[27,870.16] Cr) |
| Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹[27,870.16] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 812,541,100 |
| Share holding post issue | 812,541,100 |
Hyundai Motor IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Net Issue |
| Reserved Quota (Employee) | Not less than 0.50% of the Net Issue |
Key Performance Indicators
| KPI | Jun-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROCE | 13.69% | 62.90% | 28.75% |
| RONW | 12.26% | 56.82% | 23.48% |
| EPS (Basic) | 18.33 | 74.58 | 57.96 |
| P/E Pre IPO | 26.28 | ||
| P/E Post IPO | 26.73 |
Objects of the Issue (Hyundai Motor IPO Objectives)
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.Company Financials
| Period Ended | Jun-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| 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 | 1,158.60 | 1,140.03 |
| Amount in Crore | ||||
About Company
Hyundai Motor India Limited (HMIL), incorporated in May 1996, is a leading four-wheeler passenger vehicle manufacturer and a part of the Hyundai Motor Group, the world's third-largest auto OEM by passenger vehicle sales. HMIL offers a diverse range of reliable, feature-rich, and innovative models, including sedans, hatchbacks, SUVs, and electric vehicles (EVs), leveraging advanced technology in its manufacturing. Popular models include the Grand i10 NIOS, i20, AURA, Verna, Creta, Tucson, and the all-electric Ioniq 5. The company operates an extensive network of 1,366 sales points and 1,550 service centers across India, along with partnerships with 363 dealer companies for distribution. As of March 31, 2024, HMIL had sold nearly 12 million passenger vehicles domestically and through exports, reaching markets in Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka. Its state-of-the-art manufacturing plant near Chennai supports full-range vehicle production, including parts such as transmissions and engines.
Citigroup Global Markets India Private Limited
Hsbc Securities & Capital Markets Pvt Ltd
J.P. Morgan India Private Limited
Morgan Stanley India Company Pvt Ltd
Strong Market Presence: HMIL is one of the leading automobile manufacturers in India with a robust network of 1,366 sales points and 1,550 service centers, giving it a wide reach across the country.
Diverse Product Portfolio: The company offers a variety of models across different segments—sedans, hatchbacks, SUVs, and electric vehicles—catering to a broad customer base with models like the Grand i10 NIOS, Creta, Verna, and Ioniq 5 (electric SUV).
Technological Advancements: Known for its innovative and feature-rich vehicles, Hyundai is continuously adopting the latest automotive technology, particularly in the electric vehicle (EV) space with models like the Ioniq 5.
Strong Export Base: With exports to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka, HMIL has a significant presence outside India, enhancing its global footprint.
Reputation for Reliability: Hyundai has established a reputation for manufacturing reliable, high-quality vehicles with strong after-sales service, which helps in maintaining customer loyalty.
Backed by Hyundai Motor Group: As part of the Hyundai Motor Group, HMIL benefits from the parent company’s strong R&D, financial backing, and global expertise in the automotive industry.
High Competition: HMIL faces intense competition from other major players in the Indian market such as Maruti Suzuki, Tata Motors, and international brands like Kia and Toyota, which may impact market share.
Limited EV Lineup: Despite entering the electric vehicle segment, Hyundai’s EV offerings in India are still limited compared to competitors that are rapidly expanding their EV portfolios.
Dependence on Specific Markets: While Hyundai exports to multiple countries, its significant reliance on a few regions like the Middle East and Africa could make it vulnerable to economic or political fluctuations in those areas.
Supply Chain Vulnerabilities: Like other global manufacturers, HMIL is exposed to supply chain disruptions (e.g., shortages of semiconductors or raw materials), which could impact production and delivery timelines.
Conflict of Interest: Hyundai faces potential conflicts due to its affiliates, Kia Corporation and Kia India, operating in a similar business line. This could affect competition and market share, impacting their business.
Dependence on Promoter: Hyundai Motor India heavily relies on its parent company, HMC, for critical parts, materials, and R&D. Any disruption in their relationship or supply chain could hurt its operations and financials.
Sector and Market Risks: While the auto sector has outperformed recently, broader market volatility due to geopolitical tensions and global economic factors could still negatively affect the stock's performance.
Phone: 04067162222, 04079611000
Email: hmil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/