The Hyundai Motor IPO is a significant offering, valued at Rs 27,870.16 crores, consisting entirely of an offer for sale (OFS) of 14.22 crore shares.
The IPO subscription window opens on October 15, 2024, and closes on October 17, 2024. The allotment is expected to be finalized on Friday, October 18, 2024, with a tentative listing date of Tuesday, October 22, 2024, on the BSE and NSE.
Hyundai Motor Company operates in the automotive sector. They are a major global player in the design, development, manufacturing, and distribution of a wide range of vehicles, including cars, trucks, buses, SUVs, MPVs, and hydrogen vehicles. Additionally, Hyundai is involved in producing automotive parts and providing vehicle financing and credit card processing services.
The price band for the IPO is set between ₹1865 and ₹1960 per share. Retail investors can apply with a minimum lot size of 7 shares, requiring an investment of ₹13,720. Small Non-Institutional Investors (sNII) can apply for a minimum of 15 lots (105 shares), amounting to ₹205,800, while Big Non-Institutional Investors (bNII) have a minimum lot size of 73 lots (511 shares), totaling ₹1,001,560.
The issue includes a reservation for employees, with up to 778,400 shares offered at a discount of ₹186 per share.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities & Capital Markets Pvt Ltd, J.P. Morgan India Private Limited, and Morgan Stanley India Company Pvt Ltd are the book-running lead managers for the IPO, and Kfin Technologies Limited is the registrar.
Hyundai Motor IPO Details:
| Company Name | Hyundai Motor India Limited |
| Sector | Automotive |
| IPO Type | Mainboard |
| IPO Open date | 15th Oct 2024 |
| IPO Close date | 17th Oct 2024 |
| OFS | |
| Listing Exchanges | NSE, BSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
Hyundai Motor IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 7 | 13,720 |
| sHNI (Min) | 15 | 105 | 2,05,800 |
| bHNI (Min) | 73 | 511 | 10,01,560 |
Hyundai Motor IPO Timeline:
| IPO Open Date | 15th Oct 2024 |
| IPO Close Date | 17th Oct 2024 |
| Basis of Allotment | 18th Oct 2024 |
| Refund Initiation Date | 21st Oct 2024 |
| Shares Credit to Demat | 21st Oct 2024 |
| Listing Date | 22nd Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review Hyundai Motor’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Automotive Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in Hyundai Motor and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
