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Hyundai Motor India IPO: Here are 10 latest Key things you need to know

Hyundai Motor India IPO is set to open for subscription on October 15, 2024, and will close on October 17, 2024. This main-board IPO aims to raise an impressive ₹27,870.16 crores, with a 100% offer for sale of 142,194,700 equity shares. Each share has a face value of ₹10, and the price band for the IPO is fixed between ₹1,865 and ₹1,960 per share. Investors looking to participate should be aware of the market lot size, which is 7 shares, and the allocation percentages, which are 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High-Net-Worth Individuals (HNIs). Hyundai Motor India Company Overview Hyundai Motor India Ltd. (HMIL) is a wholly owned subsidiary of Hyundai Motor Company and has established itself as a significant player in the Indian automotive sector. Since entering the market in 1996, Hyundai has earned a reputation for innovative and technologically advanced products, becoming a market leader in the automotive industry. The company has consistently demonstrated a commitment to quality, which has garnered the trust and admiration of millions of Indian consumers. Company History and Expansion Hyundai's journey in India began in 1996, and the launch of its first car, the Hyundai Santro, in 1998, was a pivotal moment. The success of the Santro laid the groundwork for Hyundai’s growth in the Indian market. Since then, the company has consistently introduced new models and variants to meet the diverse needs of Indian consumers, including hatchbacks, sedans, SUVs, and electric vehicles (EVs). Hyundai has maintained its position as the second-largest auto Original Equipment Manufacturer (OEM) in India since 2009 and has been the largest exporter of passenger vehicles from India since 2005, achieving nearly 12 million cumulative domestic and export sales by the end of Fiscal 2024. Diverse Product Range Hyundai Motor India offers a comprehensive range of vehicles across various segments, catering to different consumer preferences. The product lineup includes sedans like the Hyundai Verna and Elantra, popular hatchbacks such as the Hyundai i10 and i20, and a robust range of SUVs, including the Hyundai Creta, Venue, Alcazar, and Tucson. In the electric vehicle segment, the Hyundai Kona Electric stands out. The company has achieved notable success in the SUV category, with models like the Creta and Venue becoming favorites among Indian buyers due to their design, technology, safety features, and reliability. Manufacturing and Export Strength Hyundai Motor India boasts two state-of-the-art manufacturing plants located in Chennai, Tamil Nadu, with a combined annual production capacity of 700,000 units. These facilities utilize cutting-edge technology and automation systems to ensure high efficiency and quality throughout the production process. Additionally, Hyundai has established itself as a major exporter, shipping vehicles to over 90 countries across regions such as Africa, the Middle East, Latin America, and Asia-Pacific. This strong export focus has significantly contributed to India's automotive exports, reinforcing Hyundai’s leadership in the global market. Use of IPO Proceeds The funds raised through the Hyundai Motor India IPO will be allocated primarily for augmenting additional working capital requirements and for general corporate purposes. This strategic move aims to bolster the company's operational capabilities and support its ongoing growth initiatives, ensuring that Hyundai can maintain its competitive edge in the rapidly evolving automotive market. Hyundai Motor India IPO Key Details The Hyundai Motor India IPO will officially open on October 15, 2024, and close on October 17, 2024. The IPO size is approximately ₹27,870.16 crores, with 142,194,700 equity shares offered. The face value of each equity share is ₹10, and the price band for the IPO is set at ₹1,865 to ₹1,960 per share. The shares will be listed on both the NSE and BSE, providing investors with ample opportunities to participate. The retail quota is 35%, while QIBs are allocated 50% and HNIs receive 15% of the net offer. Market Lot Information For retail investors, the minimum lot size is 7 shares, which equates to an investment of ₹13,720 at the lower end of the price band. The maximum lot size for retail investors is 14 lots, totaling 98 shares, amounting to ₹192,080. For Small High-Net-Worth Investors (S-HNIs), the minimum investment requires 15 lots (105 shares) for an amount of ₹205,800, while the maximum investment involves 72 lots (504 shares), totaling ₹987,840. Lastly, Big High-Net-Worth Individuals (B-HNIs) can invest a minimum of 73 lots (511 shares) for ₹1,001,560. How to Apply for the IPO Investors interested in applying for the Hyundai Motor India IPO can do so via the ASBA (Applications Supported by Blocked Amount) online process through their bank accounts. They can also use offline IPO forms, which are available for download from the NSE website. Various stockbrokers facilitate the application process, and investors can choose their preferred method of application to ensure a smooth and efficient experience. Hyundai Motor India Financial Performance Hyundai Motor India has demonstrated robust financial performance over the years, with revenue steadily increasing. For instance, in 2021, the company reported revenue of ₹41,404.65 crores, which grew to ₹47,966.05 crores in 2022 and further increased to ₹61,436.64 crores in 2023. Profit After Tax (PAT) also showcased an upward trajectory, from ₹1,881.16 crores in 2021 to ₹4,709.25 crores in 2023. The financial metrics reflect Hyundai’s successful strategies in the competitive Indian automotive landscape and its commitment to delivering value to stakeholders. Read the full article