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Hyundai Motor India Limited
Issue Size (Net)
up to Rs27,870.16 Cr
Price Band
Rs1865 to Rs1960 per share
Issue Opens
October 15, 2024
Issue Closes
October 17, 2024

Company Highlights

1.Company Information

Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer ("OEM") in the world based on passenger vehicle sales.
The company manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines.
The company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India.
As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports.
The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs).
The company's models include the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar,Tucson, and the all-electric SUV Ioniq 5.
As of December 31, 2023, the company had partnered with 363 dealer companies for distribution and sales in India.
HMIL's manufacturing plant is situated near Chennai can produce its full range of vehicle models. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.

2. Objects of the Issue

The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.

3.Hyundai Motor IPO Registrar
Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: hmil.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/

Hyundai Motor India Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Reserves and Surplus
Total Borrowing
30-Jun-24
25,370.24
17,567.98
1,489.65
12,148.71
11,336.17
758.14
31-Mar-24
26,349.25
71,302.33
6,060.04
10,665.66
9,853.12
767.92
31-Mar-23
34,573.34
61,436.64
4,709.25
20,054.82
19,242.28
1,158.60
Amount in Rs. Crore

Hyundai Motor India Limited IPO Details

Issue Opening Date
October 15, 2024
Issue Closing Date
October 17, 2024
Face Value
Rs.10 per share
Price
Rs1865 to Rs1960 per share
Lot Size
7 Shares
Issue Size
142,194,700 shares (aggregating up to Rs27,870.16 Cr)
Offer for Sale
142,194,700 shares (aggregating up to Rs27,870.16 Cr)
Employee Discount
Rs 186 per share
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE

Hyundai Motor India Limited IPO Timeline (Tentative Schedule)

Event
Tentative Date
Opening Date
Tuesday, October 15, 2024
Closing Date
Thursday, October 17, 2024
Basis of Allotment
Friday, October 18, 2024
Initiation of Refunds
Monday, October 21, 2024
Credit of Shares to Demat
Monday, October 21, 2024
Listing Date
Tuesday, October 22, 2024
Cut-off time for UPI mandate confirmation
5 PM on October 17, 2024

Prospectus

Prospectus File

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