About Hyundai Motor India IPOIncorporated in 1996, Hyundai Motor India Limited is part of the Hyundai Motor Group, the third largest auto original equipment manufacturer (OEM) in the world based on passenger vehicle sales in CY2023. The company has a track record of manufacturing and selling reliable, feature-rich, and innovative four-wheeler passenger vehicles. Since Fiscal 2005, Hyundai Motor India has been the country’s largest exporter of passenger vehicles. It manufactures and sells four-wheeler passenger vehicles, with a portfolio of 13 models across segments such as sedans, hatchbacks, sports-utility vehicles (SUVs), and battery electric vehicles (EVs). It also manufactures parts, such as transmissions and engines. Since 1998, the company has cumulatively sold nearly 12 million passenger vehicles in India and through exports. Hyundai Motor India manufacturing plant is located in Chennai, Tamil Nadu, and has a production capacity of 8.24 lakh units as of 31 March 2024. It was HMC’s first global integrated manufacturing plant outside Korea. As of 31 December 2023, it sourced 90% of its parts and materials from the four districts adjoining its manufacturing plant to increase operational and cost efficiency. The company has a network of 1,366 sales outlets operated by 363 dealer companies across 1,031 cities and towns in India as of 31 December 2023. Its network of 1,550 service centres also spans 962 cities and towns in India at the same time. As of 31 December 2023, it had 5,475 full-time employees. India also has Hyundai Motor Group’s largest supply chain outside Korea, comprising 194 tier-1 and 1,083 tier-2 suppliers by location. In FY24 alone, the company received more than 50 awards for the Hyundai brand and products. According to DRHP, the company’s current market position is mainly due to its wide product offerings, the strong Hyundai brand in India, the ability to leverage new technologies to enhance operational and manufacturing efficiency, and the ability to expand into new businesses such as EVs through innovation. Between FY21 and FY23, it saw a CAGR rise of over 13.7% in its revenue from operations and 35.7% in its profit. Moreover, the domestic passenger vehicle industry is expected to grow at a CAGR of 4.5-6.5% to reach 5.7 million domestic vehicle sales between FY24 and FY29, which could benefit the company. Now, Hyundai Motor India Limited is launching its initial public offer (IPO). The total IPO issue size will be updated soon, comprising the entire offer for sale. The company plans to sell over 14.2 crore shares. The money raised from the IPO will be received by the selling shareholders. Its shares will be listed on the NSE and BSE. Here are key details about the Hyundai Motor India IPO:
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Here’s a quick look at Hyundai Motor India IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Hyundai Motor India IPO details| Hyundai Motor India IPO dateAccording to the offer document filed by the company with the SEBI, the Hyundai Motor India IPO’s opening date is 15th October, 2024. The Hyundai Motor India IPO closing date is 17th October, 2024. After this, investors will be updated about the allotment status on 18th October, 2024 Investors who have been allotted shares can expect them to be credited to their demat account on 21st October, 2024. The Hyundai Motor India IPO listing date is 22nd October, 2024. The listing date is the date on which a company's shares are listed on the bourses — NSE and BSE. | Hyundai Motor India IPO Price BandThe IPO is an offer for sale. The Hyundai Motor India IPO price band is ₹1,865 - ₹1,960 per share. Interested investors can choose a price within this band to apply for the IPO.| Hyundai Motor India IPO Lot size The Hyundai Motor India IPO lot size is 7 shares, and an investor can apply for a minimum of 1 lot. Meanwhile, the Hyundai Motor India IPO issue size is ₹27,856 crore. |
How to pre-apply for the Hyundai Motor India IPO?You can pre-apply for the Hyundai Motor India Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Hyundai Motor India IPO?If you are interested in this investment opportunity but unsure how to apply for the Hyundai Motor India IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Hyundai Motor India IPO on Upstox:
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How to check the Hyundai Motor India IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Hyundai Motor India IPO allotment status:
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Open a demat account with Upstox to apply for the Hyundai Motor India IPOTo apply for the Hyundai Motor India IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Hyundai Motor India IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Hyundai Motor India IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Hyundai Motor India IPO means applying for this public issue before it goes live. Click here to pre-apply for the Hyundai Motor India IPO on Upstox.
You can pre-apply for the Hyundai Motor India IPO from 14th October, 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Hyundai Motor India IPO opens for the subscription.
The Hyundai Motor India IPO launch date is 15th October, 2024. The Hyundai Motor India IPO will be open for subscription till 17th October, 2024.
The Hyundai Motor India lot size is 7 shares and the minimum investment required will be ₹13,055.
The Hyundai Motor India IPO price band is ₹1865 - ₹1960 per share.
The size of the Hyundai Motor India IPO is approximately ₹27,856 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 21st October, 2024.
Hyundai Motor India IPO shares will be on NSE and BSE.
Hyundai Motor India shares’ listing date is 22nd October, 2024.