Hyundai Motor India Limited IPO
Hyundai Motor India Limited IPO Overview
IPO Size: Hyundai Motor IPO is a book-built issue offering 14.22 crore shares.
- Offer for Sale: The issue is entirely an offer for sale of 14.22 crore shares.
IPO Dates: Yet to be announced.
Price Band: Yet to be announced.
Lead Managers:
- Kotak Mahindra Capital Company Limited
- Citigroup Global Markets India Private Limited
- HSBC Securities & Capital Markets Pvt Ltd
- J.P. Morgan India Private Limited
- Morgan Stanley India Company Pvt Ltd
Registrar: KFin Technologies Limited is the official registrar for this issue.
Hyundai Motor IPO Information
| IPO Date | To be announced (TBA) |
| Listing Date | TBA |
| Face Value | ₹10 per share |
| Price | ₹[.] to ₹[.] per share |
| Lot Size | TBA |
| Total Issue Size | 142,194,700 shares (aggregating up to ₹[.] Cr) |
| Offer for Sale | 142,194,700 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Hyundai Motor IPO Promoter Holding
| Description | Percentage |
| Shareholding Pre-Issue | 100% |
| Shareholding Post-Issue | NA |
IPO Reservation of Hyundai Motor
| Investor Category | Percentage of Net Issue |
| Qualified Institutional Buyers (QIB) | Up to 50.00% of the Net Issue |
| Retail Investors | At least 35.00% of the Net Issue |
| Non-Institutional Investors (NII or HNI) | At least 15.00% of the Net Issue |
About Hyundai Motor India Limited
Hyundai Motor India Limited was established in May 1996 and is part of the Hyundai Motor Group, the third-largest car manufacturer in the world based on passenger vehicle sales.
The company produces and sells a range of reliable and innovative passenger vehicles, including cars equipped with the latest technology. It also makes parts like engines and transmissions.
Hyundai offers mobility solutions through a network of 1,366 sales locations and 1,550 service centers across India.
As of March 31, 2024, Hyundai has sold nearly 12 million passenger vehicles in India and through exports.
The company's lineup includes various types of four-wheeled passenger vehicles such as sedans, hatchbacks, SUVs, and electric vehicles (EVs). Some popular models are the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5.
By December 31, 2023, Hyundai had partnered with 363 dealers for distribution and sales throughout India.
The company’s manufacturing plant is located near Chennai and is capable of producing its full range of vehicle models. Hyundai also exports its vehicles to regions including Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Financial Overview of Hyundai Motor India Limited
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets (₹ Cr) | 32,488.34 | 34,573.34 | 28,358.06 | 26,730.57 |
| Revenue (₹ Cr) | 53,298.09 | 61,436.64 | 47,966.05 | 41,404.65 |
| Profit After Tax (₹ Cr) | 4,382.87 | 4,709.25 | 2,901.59 | 1,881.16 |
| Net Worth (₹ Cr) | 19,777.92 | 20,054.82 | 16,856.26 | 15,311.34 |
| Reserves and Surplus (₹ Cr) | 18,965.38 | 19,242.28 | 16,043.71 | 14,498.8 |
| Total Borrowing (₹ Cr) | 784.48 | 1,158.60 | 1,140.03 | 1,341.75 |
Objectives of the Hyundai Motor India Limited
The company will not receive any proceeds from the offer ("Offer Proceeds"). All Offer Proceeds, after deducting offer-related expenses and applicable taxes, will go to the Promoter Selling Shareholder, who will bear these costs.
Read DRHP & RHP Document
| DRHP Document | RHP Document |
Live Subscription Status of Hyundai Motor IPO
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
| Qualified Institutional Buyers (QIB) | 6.97 | 28,283,260 | 1,97,24,8156 | 38,660.64 |
| Non-Institutional Investors (NII) | 0.60 | 21,212,445 | 1,27,59,663 | 2,500.89 |
| - bNII (bids above ₹10L) | 0.58 | 14,141,630 | 81,47,006 | 1,596.81 |
| - sNII (bids below ₹10L) | 0.65 | 7,070,815 | 46,12,657 | 904.08 |
| Retail Investors | 0.50 | 49,495,705 | 2,49,76,259 | 4,895.35 |
| Employees | 1.74 | 778,400 | 13,57,461 | 266.06 |
| Others | 0 | 0 | 0 | |
| Total | 2.37 | 98,991,410 | 23,63,41,539 | 46,322.94 |
Total Applications: 2,149,715 (0.30x)
Hyundai Motor IPO Daily Subscription Details (in times)
| Date | QIB | NII | Retail | EMP | Total |
| October 15, 2024 | 0.05 | 0.13 | 0.27 | 0.81 | 0.18 |
| October 16, 2024 | 0.58 | 0.26 | 0.38 | 1.31 | 0.42 |
| October 17, 2024 | 6.97 | 0.60 | 0.50 | 1.74 | 2.37 |
Hyundai Motor IPO: Shares on Offer
| Category | Shares Offered | Amount (Rs Cr) | Size (%) |
| Anchor Investor | 42,424,890 | 8,315.28 | 30.00% |
| Qualified Institutional Buyers (QIB) | 28,283,260 | 5,543.52 | 20.00% |
| Non-Institutional Investors (NII) | 21,212,445 | 4,157.64 | 15.00% |
| - bNII (bids above ₹10L) | 14,141,630 | 2,771.76 | 10.00% |
| - sNII (bids below ₹10L) | 7,070,815 | 1,385.88 | 5.00% |
| Retail | 49,495,705 | 9,701.16 | 35.00% |
| Employee | 778,400 | 152.57 | 0.55% |
| Total | 141,416,300 | 27,717.59 | 100% |
*Disclaimer: The total amount is based on the final issue price or the upper end of the price range.
IPO Investor Categories
1. Qualified Institutional Buyers (QIB)
Qualified Institutional Buyers (QIBs) include financial institutions, banks, Foreign Institutional Investors (FIIs), and mutual funds registered with SEBI. They usually represent small investors who invest through mutual funds, insurance company ULIP schemes, and pension plans.
2. Non-Institutional Investors (NII)
Non-Institutional Investors (NII) are retail individual investors, High Net Worth Individuals (HNIs), Non-Resident Indians (NRIs), companies, trusts, and others who bid for shares worth more than Rs 2 lakhs. Unlike QIBs, they do not need SEBI registration.
2.1 Small NII (sNII)
This subcategory includes NII investors who bid for shares between Rs 2 lakhs and Rs 10 lakhs. One-third of the NII category shares are reserved for the Small NII subcategory, also known as Small HNI (sHNI).
2.2 Big NII (bNII)
This subcategory is for NII investors who bid for shares worth more than Rs 10 lakhs. Two-thirds of the NII category shares are reserved for the Big NII subcategory, also known as Big HNI (bHNI).
3. Retail Individual Investors (RII)
Retail Individual Investors (RII) are individual investors or NRIs who apply for up to Rs 2 lakhs in an IPO.
4. Employee (EMP)
This category includes eligible employees who have a reserved quota in the IPO.
5. Others
This category includes eligible shareholders or other investors who have a reserved quota in the IPO.
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Frequently Asked Questions (FAQs) about the Hyundai Motor India Limited IPO
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Hyundai Motor India Limited IPO (Hyundai Motor IPO) Detail