Top Reasons to Subscribe Hyundai Motor India Limited IPO
About Hyundai Motor India Ltd
Hyundai Motor India is set to launch its highly anticipated ?27,870.16 crore IPO on Tuesday, 15 October. This will be the largest IPO in India's history surpassing the previous record held by LIC. Since FY09, Hyundai Motor India has remained the country's second largest passenger vehicle maker. Before Hyundai Motor's IPO, India's largest car manufacturer, Maruti Suzuki, launched its IPO in 2003.
Hyundai Motor India IPO is set to open on? 15 October 2024 and will close on 17 October 2024. The company is a member of the Hyundai Motor Group, which is the third-largest auto original equipment manufacturer (OEM) globally.
The IPO is entirely an offer for sale of 14.22 Cr shares aggregating ?27,870.16 Cr. The price range is set between ?1865 to ?1960 per share and the lot size is 7 shares.?
The allotment is scheduled to be finalized on 18 October 2024. It will go public on BSE, NSE, with a tentative listing date of 22 October 2024.
Kotak Mahindra Capital Company Ltd, Citigroup Global Markets India Private Ltd, HSBC Securities and Capital Markets (India) Private Ltd, J.P. Morgan India Private Ltd and Morgan Stanley India Company Private Ltd are the book-running lead managers, while KFin Technologies Ltd is the registrar.?
Key Factors
Hyundai is one of the top automobile manufacturers in India, known for its reliability and diverse product range. The brand is well-established, giving it a competitive edge in the market.
Hyundai is the second-largest car manufacturer in India, with a significant market share in key segments like SUVs and hatchbacks, ensuring stable demand for its products.
Hyundai has a widespread network of dealers and service centers across India, offering convenience to customers and ensuring strong after-sales support, which boosts customer loyalty.
Hyundai has been investing in the growing EV market, which is expected to expand rapidly in India, positioning it as a key player in the future of green mobility.
Hyundai offers a diverse product range from budget-friendly cars to premium models, catering to different customer segments. Its continuous focus on innovation, including smart tech features and hybrid vehicles, strengthens its market position.
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Hyundai India has shown consistent financial growth with strong revenue and profitability, backed by a growing demand for automobiles in India.
As a subsidiary of Hyundai Motor Company, the Indian arm benefits from global R&D, technological advancements, and operational efficiencies, while maintaining a keen understanding of the Indian market dynamics.
Key Details
IPO Date: 15 October 2024 to 17 October 2024?
Face Value: ?10 per share
Price Band: ?1,865 to ?1,960 per share
Lot Size: 7 Shares?
Total Issue Size: ?27,870.16 Cr
Conclusion
Hyundai Motor India's IPO is set to make history as the largest in India, surpassing even the previous record held by LIC. With a strong legacy, Hyundai has been the country’s second-largest passenger vehicle manufacturer since FY09. This established brand recognition, coupled with its market leadership in key segments like SUVs and hatchbacks, provides a solid foundation for continued growth. The company’s diverse product range, known for reliability and innovation, caters to a wide audience, making Hyundai a trusted name in the Indian automobile industry.
Hyundai’s focus on electric vehicles (EVs) also strengthens its position in the rapidly growing green mobility space. As India’s EV market expands, Hyundai’s early investments in this area are likely to pay off in the long term. The company’s extensive dealer and service network ensures customer loyalty and convenience, providing a competitive edge that boosts overall brand value.
Financially, Hyundai Motor India has displayed strong revenue and profit growth in recent years, backed by increasing demand. With global expertise from its parent company, Hyundai Motor Group, and a keen understanding of the Indian market, the company is well-positioned to leverage both local insights and global R&D. Investors looking for a solid player in the automotive industry, especially with the ongoing shift toward EVs, will find Hyundai Motor India’s IPO a compelling opportunity.