Hyundai Motor India
Listed
Listed
IPO Timeline
Issue open date
15 Oct 2024Issue close date
17 Oct 2024UPI mandate deadline
17 Oct 2024Allotment finalization
18 Oct 2024Refund initiation
21 Oct 2024Share credit
21 Oct 2024Listing date
22 Oct 2024Mandate end date
1 Nov 2024Lock-in end date for anchor investors (50%)
17 Nov 2024Lock-in end date for anchor investors (remaining)
16 Jan 2025Key Dates
Open
15 Oct 2024Close
17 Oct 2024Listing
22 Oct 2024Quick Stats
Issue Size:27870cr
Lot Size:7 shares
About the Company
The Hyundai IPO could be the largest in Indian history!
Strengths
- World’s third-largest auto Original Equipment Manufacturer (OEM) by passenger vehicle sales in 2023.
- Sold nearly 12 million passenger vehicles in India and through exports from 1998 to March 31, 2024.
- Second-largest auto Original Equipment Manufacturer (OEM) in the Indian market since 2009 (domestic sales volumes).
- India’s largest exporter of passenger vehicles from 2005 to the first 11 months of 2024, with the highest cumulative exports for this period.
Risks
- Kia Corporation and Kia India Pvt Ltd owned by Hyundai also operate in a similar domain, which could lead to conflicts of interest.
- Centralized at the Chennai plant; disruptions, including at the upcoming Talegaon plant (operational in H2 Fiscal 2026), could impact operations and financial health.
- Significant revenue depends on SUV sales; declines in demand or production issues could negatively affect operations.
- Operations are subject to seasonal fluctuations, which impact sales and financial performance. Demand typically peaks in January-March and during the festive season, with slowdowns in April-July and December.
- Changes in tax laws could negatively affect business prospects, financial standing, operational outcomes, and cash flows.
Hyundai Motor India IPO – Frequently Asked Questions
- The price band for the Hyundai Motor India IPO is set at ₹1865 to ₹1960 per share.
- The Hyundai Motor India IPO opens on October 15, 2024 and closes on October 17, 2024.
- The tentative listing date for the Hyundai Motor India IPO is October 22, 2024.
- You can apply for the Hyundai Motor India IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Hyundai Motor India, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Hyundai Motor India IPO is 7 shares. Investors must apply for at least one lot (i.e., 7 shares).