Hyundai IPO Date In India Price, and Full Details – 2024

Hyundai IPO date in India price: Hyundai Motor India Limited (HMIL) is all set to make its mark in the Indian stock market by launching its much-awaited Initial Public Offering (IPO). This move by Hyundai, one of the leading car manufacturers in India, has generated significant buzz in the financial markets, drawing attention from retail and institutional investors alike. With a strong brand presence, extensive dealer network, and increasing focus on electric and hybrid vehicles, Hyundai’s IPO is poised to become one of the largest in India in recent times.

Here is a comprehensive look at all the details regarding the Hyundai Motor India IPO, including its date, price, and other important information as of October 9, 2024.

Hyundai Motor India IPO Overview

• IPO Size: ₹27,870 Crore
• Price Band: ₹1,865 to ₹1,960 per share
• Issue Type: 100% Book Built Issue IPO
• Market Lot: To be determined closer to the opening date
• Minimum Investment: Based on the lot size, the minimum investment amount will depend on how many shares are grouped in each lot.
• Listing on: BSE and NSE

IPO Date and Schedule

The Hyundai Motor India IPO is open for subscription from October 15, 2024, and will close on October 17, 2024. Retail and institutional investors can submit their bids during this window. Post the subscription period, shares will be allotted to investors, and the stock will be listed on Indian stock exchanges—BSE and NSE—likely around November 10, 2024.

Event	Date
IPO Open Date	October 15, 2024
IPO Close Date	October 17, 2024
Allotment Date	October 18, 2024
Listing Date	October 22, 2024

Price Band and Valuation(Hyundai ipo date in India price)

The price band for Hyundai Motor India’s IPO is set between ₹1,865 and ₹1,960 per share. The IPO’s total size is pegged at approximately ₹27,870 crores, making it one of the largest IPOs of the year. This price band puts Hyundai Motor India in a strong valuation range, and the company’s robust financials suggest significant investor interest.

• Lower Price Band: ₹1,865
• Upper Price Band: ₹1,960
• Face Value: ₹10 per share

At this price band, Hyundai Motor India’s valuation appears attractive given its market leadership, expanding product portfolio, and strong growth trajectory in both the internal combustion engine (ICE) and electric vehicle (EV) segments.

Objective of the IPO

Hyundai Motor India aims to raise capital primarily for the following objectives:

1. Expansion of Manufacturing Capacity: The company plans to expand its production capacity, particularly focusing on electric vehicles (EVs) and hybrid technologies to cater to growing demand.
2. Debt Reduction: A portion of the proceeds from the IPO will be used to pay off existing debt, which will strengthen the company’s financial position.
3. R&D Investment: With a focus on future mobility solutions, Hyundai intends to invest heavily in research and development, particularly in the areas of electric and autonomous driving technologies.
4. Working Capital Needs: A part of the funds will be utilized to meet the company’s day-to-day operational expenses.

Company Overview(Hyundai ipo date in India price)

Hyundai Motor India is one of the most prominent car manufacturers in India, ranking second in terms of market share, trailing only Maruti Suzuki. Over the years, the company has built a strong reputation through its broad range of vehicles—from budget-friendly hatchbacks to luxury SUVs. Hyundai has been proactive in launching new models tailored to the Indian market and has also expanded its focus to electric vehicles (EVs) and hybrid models, aligning with global trends towards cleaner mobility solutions.

Key Strengths

1. Strong Brand and Market Presence: Hyundai is a household name in India, with popular models like the i20, Creta, and Venue. The brand’s reputation for quality and innovation has made it a favorite among Indian consumers.
2. Wide Dealer Network: Hyundai has a vast network of dealers and service centers across the country, which helps in maintaining strong sales and customer support.
3. Focus on EVs: With increasing governmental support for electric vehicles and a growing consumer base for environmentally friendly cars, Hyundai is well-positioned to capitalize on this trend. Their Kona Electric is already a success in the market, and more models are in the pipeline.
4. Financial Strength: Hyundai Motor India has a solid financial foundation with consistent profitability, making it an attractive investment option for both retail and institutional investors.

Risks and Challenges(Hyundai ipo date in India price)

1. Market Competition: The Indian automobile market is highly competitive, with other players like Maruti Suzuki, Tata Motors, and Mahindra & Mahindra also expanding their product portfolios, especially in the EV segment.
2. Regulatory and Environmental Challenges: Increasing regulatory pressure regarding emissions and fuel efficiency standards may require Hyundai to invest heavily in compliance and technology upgrades.
3. Macroeconomic Factors: Like other automobile companies, Hyundai’s performance is closely tied to macroeconomic conditions such as inflation, interest rates, and consumer spending patterns.

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Hyundai Motor India’s Financial Performance

As of FY 2024, Hyundai Motor India has shown strong financial results, with significant revenue growth due to an uptick in demand for both ICE vehicles and EVs. The company’s profit margins have remained healthy, driven by operational efficiencies and a strong product mix. Below are some key financial highlights:

• Revenue: ₹50,000 crores (approx. for FY 2024)
• Net Profit: ₹4,000 crores
• EBITDA Margin: 12.5%
• Debt-to-Equity Ratio: The company’s debt has remained manageable, and a portion of the IPO proceeds will further strengthen its balance sheet.

How to Apply for Hyundai ipo date in India price

Investors interested in subscribing to Hyundai Motor India’s IPO can do so through the following methods:

1. Online Application through ASBA (Application Supported by Blocked Amount): Investors can apply using the ASBA facility, which is available through their respective bank’s net banking platform.
2. Broker Platforms: Retail investors can also apply through online broker platforms such as Zerodha, Upstox, Angel Broking, etc., by using their demat accounts.
3. Physical Application: For those who prefer a traditional route, physical forms can be filled out at designated branches.

Conclusion

Hyundai Motor India’s IPO(Hyundai ipo date in India price) is expected to be one of the most significant offerings in recent times, drawing immense interest from all categories of investors. Given the company’s strong market presence, ambitious expansion plans, and focus on electric vehicles, Hyundai is well-positioned to capitalize on India’s evolving automobile landscape. With the price band set between ₹1,865 and ₹1,960 per share and the IPO scheduled to open on October 30, 2024, this is one opportunity that investors are closely watching.

As always, potential investors should carefully consider their investment goals, and risk tolerance, and consult financial advisors before making decisions regarding the Hyundai Motor India IPO.