About Hyundai Motor India:
The company primarily manufactures and sells four-wheeler passenger vehicles and parts, including transmissions and engines, both within India and internationally. Currently, its vehicle portfolio consists of 13 passenger vehicle models, spanning sedans, hatchbacks, SUVs, and battery electric vehicles (EVs). According to the CRISIL Report, the company has been the second-largest auto OEM in the Indian passenger vehicles market during Fiscals 2022, 2023, and 2024, as well as the three months ending June 30, 2024, and has maintained this position since Fiscal 2009, in terms of domestic sales volumes. It is a part of the Hyundai Motor Group, which was the third-largest auto OEM globally based on passenger vehicle sales in CY2023, as noted in the CRISIL Report. The company has also been India’s second-largest exporter of passenger vehicles since Fiscal 2022 through June 30, 2024, as per the CRISIL Report. Revenue from the sale of vehicles as a percentage of total revenue from operations stood at 85.77%, 87.36%, 85.98%, 86.67%, and 86.30%, while revenue from the sale of parts as a percentage of revenue from operations was 5.94%, 6.24%, 6.18%, 6.05%, and 7.12%, for the three months ending June 30, 2024, and June 30, 2023, and in Fiscals 2024, 2023, and 2022, respectively.
About the Industry in which Hyundai Motor India operates:
The Indian passenger vehicle (PV) industry experienced significant growth, reaching 3.3 million vehicle sales in Fiscal 2019, according to the CRISIL Report. This growth, up until Fiscal 2019, was driven by continuous GDP improvement, higher disposable incomes, new model launches, stable vehicle ownership costs, and increasing demand for SUVs. Between Fiscals 2019 and 2024, domestic PV sales volume in India grew at a compound annual growth rate (CAGR) of 5%, despite a sales contraction of 10% CAGR during Fiscals 2019 to 2021. Passenger vehicle sales rebounded from the low base of Fiscal 2021, growing at a strong pace to reach a historic high of 4.2 million units in Fiscal 2024, as reported by CRISIL. In Fiscal 2024, the company held a market share of 12% in hatchbacks, 22% in sedans, and 18% in SUVs among select OEMs in India, based on volume, according to the CRISIL Report.
| Important Information and Timelines of the IPO of Hyundai Motor India: | |
|---|---|
| Open Date | 15 October 2024 |
| Close Date | 17 October 2024 |
| Total Issue Size – Number of Shares | 142194700 |
| Minimum Bid Price | 1865 |
| Maximum Bid Price | 1960 |
| Lot Size | 7 |
| Basis of Allotment | 18 October 2024 |
| Initiation of Refunds and Credit of Shares to Demat | 21 October 2024 |
| Listing Date | 22 Ocotber 2024 |
| Listing Exchange(s) | NSE and BSE |
Minimum and Maximum Lot Sizes for the IPO of Hyundai Motor India:
| Category | Lots | Shares | Amount (in ₹) |
|---|---|---|---|
| Retail – Minimum | 1 | 7 | 13720 |
| Retail – Maximum | 14 | 98 | 192080 |
| sHNI – Minimum | 15 | 105 | 205800 |
| sHNI – Maximum | 72 | 504 | 987840 |
| bHNI – Minimum | 73 | 511 | 1001560 |
Objective of the IPO of Hyundai Motor India:
-
To carry out the Offer for Sale of up to 142,194,700 Equity Shares of face value of ₹ 10 each by the Promoter Selling Shareholder.
-
Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
Financials of Hyundai Motor India:
| Particulars | As at and for three months ended June 30, 2024 | As at and for three months ended June 30, 2023 | As at and for the Financial Year ended March 31, 2024 | As at and for the Financial Year ended March 31, 2023 | As at and for the Financial Year ended March 31, 2022 |
|---|---|---|---|---|---|
| Equity share capital | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 | 8,125.41 |
| Revenue from operations | 173,442.34 | 166,235.11 | 698,290.57 | 603,075.80 | 473,784.32 |
| Profit for the period/year | 14,896.52 | 13,291.86 | 60,600.44 | 47,092.50 | 29,015.91 |
| Restated earnings per equity share | |||||
| - Basic earnings per share | 18.33 | 16.36 | 74.58 | 57.96 | 35.71 |
| - Diluted earnings per share | 18.33 | 16.36 | 74.58 | 57.96 | 35.71 |
| Net Asset Value Per Equity Share | 149.52 | 263.14 | 131.26 | 246.82 | 207.45 |
| Total borrowings | 7,581.44 | 12,830.99 | 7,679.15 | 11,586.00 | 11,400.33 |
| Net Worth | 121,487.10 | 213,808.29 | 106,656.57 | 200,548.18 | 168,562.55 |
For more details on the IPO, refer to the DRHP here.
Did you know that you can now Pre-Apply for an IPO on Dhan? You can place your IPO Bid on Dhan and the order will be pushed to the Exchange as soon as the Bidding starts for Hyundai Motor India. You will receive a UPI mandate after 10:00 AM on 15 October 2024.
###1. How to apply for the IPO of Hyundai Motor India on Dhan?
You can apply for the IPO of Hyundai Motor India from either Dhan Mobile App or Web
On Dhan Mobile App you can find the IPO under the Money Section > IPO Tab
On Dhan Web you can find the IPO under Markets Tab > IPOs
###2. In case of successful allotment, when the IPO shares of Hyundai Motor India be visible on Dhan?
The CDSL will intimate you regarding the credit of shares into your Demat account by 21 October 2024. However, you will be able to see the shares of Hyundai Motor India on Dhan before the market starts on the listing date which is 22 Ocotber 2024.