The Hyundai Motor India IPO is set to be one of the most anticipated IPOs in India, offering investors a chance to own a stake in one of the world’s largest automobile manufacturers. Hyundai Motor India, part of the globally recognized Hyundai Motor Group, is opening its doors to the public with a book-built issue of 14.22 crore shares. This IPO is entirely an Offer for Sale (OFS), meaning the existing shareholders will be selling their shares, with no fresh equity being issued.
Hyundai Motor India IPO 2024: All Details We Know About India’s Biggest IPO Ever
Although the exact dates and price band for the Hyundai IPO have not been announced yet, investors are eagerly awaiting details.
Hyundai Motor IPO Key Details:
- IPO Size: 14.22 crore shares
- IPO Type: Book Built Issue
- Face Value: ₹10 per share
- Listing: BSE and NSE
- Issue Type: Offer for Sale (OFS)
Hyundai Motor IPO Promoter Details:
The promoter of Hyundai Motor India is Hyundai Motor Company, which holds 100% of the company pre-IPO.
Why Invest in Hyundai Motor India IPO?
1. Global Reputation & Leadership:
Hyundai Motor Group is the third-largest automotive OEM globally based on passenger vehicle sales. Hyundai Motor India has been a pioneer in the Indian market with popular models spanning across sedans, hatchbacks, SUVs, and electric vehicles (EVs).
2. Strong Financials:
The company has demonstrated consistent financial growth, with revenues reaching ₹61,436.64 crore in March 2023 and profits after tax of ₹4,709.25 crore during the same period. Hyundai has sold nearly 12 million vehicles in India, proving its dominance and market trust.
3. Expanding Market Share:
With an extensive network of 1,366 sales points and 1,550 service centers, Hyundai ensures strong market penetration across India, making it a reliable player in both urban and rural areas.
Hyundai Motor India Financial Snapshot:
| Period Ended | Revenue (₹ Cr) | Profit After Tax (₹ Cr) | Net Worth (₹ Cr) |
|---|---|---|---|
| Dec 31, 2023 | 53,298.09 | 4,382.87 | 19,777.92 |
| Mar 31, 2023 | 61,436.64 | 4,709.25 | 20,054.82 |
| Mar 31, 2022 | 47,966.05 | 2,901.59 | 16,856.26 |
Hyundai Motor IPO Reservation Details:
| Investor Category | Shares Offered |
|---|---|
| QIB (Qualified Institutional Buyers) | Up to 50% |
| Retail Investors | At least 35% |
| NII (Non-Institutional Investors) | At least 15% |
Frequently Asked Questions (FAQs):
1. What is the Hyundai Motor IPO?
The Hyundai Motor IPO is a book-built IPO offering 14.22 crore shares for sale. It is entirely an Offer for Sale, meaning that no new shares will be issued, but existing shareholders will sell their shares.
2. When is the Hyundai Motor IPO opening and closing?
The dates for the Hyundai Motor IPO have not yet been announced.
3. How can I apply for the Hyundai Motor IPO?
You can apply for the Hyundai Motor IPO online using ASBA or UPI payment methods. Platforms like Zerodha, Upstox, ICICI Bank, HDFC Bank, and others offer an easy process for IPO applications.
4. What is the price band for Hyundai Motor IPO?
The price band for the Hyundai Motor IPO has not yet been revealed.
5. What is the minimum lot size for the Hyundai Motor IPO?
The minimum lot size will be announced along with the price band.
6. Where will Hyundai Motor shares be listed?
Hyundai Motor shares will be listed on both BSE and NSE.
7. Who is managing the Hyundai Motor IPO?
Leading financial institutions like Kotak Mahindra Capital, Citigroup Global Markets, HSBC, J.P. Morgan, and Morgan Stanley are managing the IPO.
Conclusion:
The Hyundai Motor India IPO is poised to be a landmark event in India’s automotive industry, providing investors with a golden opportunity to invest in a global leader. With its strong financials, market presence, and solid growth prospects, this IPO is expected to draw significant attention from retail and institutional investors alike.
Stay tuned for more updates, including the price band and IPO dates!
