Hyundai Motor India IPO to raise around ₹27,870 crores via IPO that comprises fresh issue of ₹[.] crores and offer for sale up to 142,194,700 Equity Shares of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%. The company offers an employee discount of ₹186 per share.
Hyundai Motor India IPO GMP is active and looked very strong at ₹370 at the time when the tentative dates were announced but the GMP went down to ₹145 as of October 9 due to lower demand. Hyundai Motor India IPO is to be listed as premium as per the market speculations and the grey market indicates that still there is a chance for the grey market to move up and down. Investors should closely watch the daily updates of Hyundai Motor India IPO GMP at the IPO Watch portal or our IPO Watch App available on Google Playstore.
Hyundai Motor India is a part of the Hyundai Motor Group, the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY2023, according to the CRISIL Report. They have been the second largest auto OEM in the Indian passenger vehicles market since Fiscal 2009 (in terms of domestic sales volumes) according to the CRISIL Report. They have a track record of manufacturing and selling four-wheeler passenger vehicles that are reliable, feature-rich, innovative, and backed by the latest technology.
This is demonstrated in their portfolio of 13 models across multiple passenger vehicle segments by body types such as sedans, hatchbacks, sports-utility vehicles (SUVs), and battery electric vehicles (EVs). They also manufacture parts, such as transmissions and engines. They have also been India’s largest exporter of passenger vehicles from Fiscal 2005 to the first 11 months of Fiscal 2024, having exported the highest cumulative number of passenger vehicles for the same period, according to the CRISIL Report.
Since 1998 and up to March 31, 2024, they have cumulatively sold nearly 12 million passenger vehicles in India and through exports. They believe their current market position is because of (i) their wide product offerings, stakeholder relationships, and operations; (ii) the strong Hyundai brand in India; (iii) their ability to leverage new technologies to enhance operational and manufacturing efficiency; and (iv) their ability to expand into new businesses such as EVs through innovation. In CY2023, they were among the top three contributors to HMC’s global sales volumes, and their contribution to HMC’s sales volumes has increased from 15.48% in CY2018 to 18.19% in CY2023.
The company reported revenue of ₹71,302.32 crores in 2024 against ₹61,436.64 crores in 2023. The company reported a profit of ₹6,060.04 crores in 2024 against a profit of ₹4,709.25 crores in 2023.
