Hyundai Motor India Limited (HMIL), a wholly owned subsidiary of Hyundai Motor Company (HMC), has opened its much-anticipated IPO in line with HMC’s global brand vision of ‘Progress for Humanity.’ This IPO is focused on sustainable and green manufacturing operations, providing cutting-edge mobility solutions. The Hyundai Motor India IPO, amounting to ₹27,870.16 Crores, consists entirely of an Offer for Sale of 1,421.94 Lakh Shares.

The subscription period for the IPO started on October 15, 2024, and will close on October 17, 2024. Allotment is expected to be finalized on or about October 18, 2024, with shares likely to list on the BSE and NSE around October 22, 2024.

The share price band for the Hyundai Motor India IPO is set at ₹1,865 to ₹1,960 per equity share, with a minimum lot size of 7 shares. For retail investors, the minimum investment requirement is ₹13,720, while High-Net-Worth Individuals (HNIs) must invest a minimum of ₹2,05,800, which is for 15 lots (105 shares).

Kotak Mahindra Capital Company Limited, Citigroup Global Markets India, HSBC Securities and Capital Markets, J.P. Morgan India, and Morgan Stanley India are serving as the book-running lead managers, while KFin Technologies Limited is the registrar for the issue.

Hyundai Motor India Limited IPO GMP Today
As of today, the Grey Market Premium (GMP) for the Hyundai Motor India IPO is expected to be ₹0, indicating mixed market sentiments regarding the company's financial performance. The grey market's trading activity offers an unofficial price discovery mechanism but should be approached with caution, as it depends entirely on supply and demand dynamics in an unregulated environment.

Hyundai Motor India Limited IPO Live Subscription Status Today: Real-Time Updates
As of 11:30 AM on October 17, 2024, the Hyundai Motor India IPO shows a subscription status of 0.51 times on its third day of the subscription period. Investors can check the Hyundai Motor India IPO Live Subscription Status on the BSE website for real-time updates.

Hyundai Motor India Limited IPO Anchor Investors Report
Hyundai Motor India has successfully raised ₹8,315.27 Crores from anchor investors, offering shares at ₹1,960 each. A total of 42,424,890 equity shares were allocated to these investors, indicating strong institutional interest despite market uncertainties.

Hyundai Motor India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
The allotment date for the Hyundai Motor India IPO is October 18, 2024. Investors can check their allotment status online by following these simple steps:

Visit the IPO allotment status page.

Select Hyundai Motor India Limited IPO from the dropdown list.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

By following these steps, investors can easily track their allotment status and make informed investment decisions.

Objectives of Hyundai Motor India Limited IPO
It is important to note that Hyundai Motor India will not receive any proceeds from the offer. All proceeds will go to the promoter selling shareholder after deducting offer-related expenses and taxes.

Hyundai Motor India IPO Review
Financially, the company has shown steady growth, with revenues increasing from ₹4,79,660.48 Million in Fiscal 2022 to ₹7,13,023.25 Million in Fiscal 2024. The EBITDA figures for the same periods were ₹54,860.89 Million, ₹75,487.80 Million, and ₹91,326.16 Million, respectively, indicating solid operational performance. The Profit after Tax also saw significant growth, reaching ₹60,600.44 Million in Fiscal 2024.

For the Hyundai Motor India IPO, the company is offering shares with a pre-issue EPS of ₹74.58 and a post-issue EPS of ₹74.58. The pre-issue P/E ratio stands at 26.28x, which is comparable to other market players. The ROCE for FY24 is 62.90%, and the ROE is 56.82%, suggesting a robust financial outlook.

However, several concerns may impact investor confidence:

Risk of Increased Royalty Payments: The parent company may raise royalty charges, negatively impacting profitability.

High Promoter Holding and Pending Stake Sale: Post-listing, promoters will hold 82.5% ownership, with a 7.5% stake sale still pending, which may exert supply pressure.

Missed Wealth Creation Opportunity: Unlike Maruti Suzuki, which has offered substantial early gains, Hyundai Motors is going public later in its growth cycle.

Competition from Group Company KIA Motors: Direct competition from KIA Motors may limit Hyundai's market share expansion.

Valuation Concerns: With just a 6% share of total industry sales, Hyundai aims for a 42% market capitalization, which could be ambitious.

PE Valuation Mismatch: Hyundai seeks a PE ratio of 27x, similar to Maruti Suzuki, despite having a significantly lower market share compared to competitors.

In summary, while the Grey Market Premium indicates potential listing gains of 0%, investors should proceed with caution. Given the company's financial performance and valuation concerns, our recommendation is to avoid the Hyundai Motor India Limited IPO for listing gains or long-term investment purposes.

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