Hyundai Motor’s ₹32,000 Crore IPO: Disclose the Complete Investment Plan for Market launch
Hyundai IPO plan: Hyundai Motor India Limited’s Initial Public Offering (IPO) is set to make its debut in the Indian primary market next week. Hyundai India IPO will open on As per the Hyundai Motor 15th October 2024 and remain bidding available for until 17th October 2024, giving public a three-day window from Tuesday to Thursday. As India’s second-largest Original Equipment Manufacturer (OEM), Hyundai Motors India has priced its shares at ₹1865 to ₹1960 per equity share. The company aims to raise a substantial ₹27,870.16 crore through this public offer, which will be a 100% Offer for Sale (OFS).
The IPO is expected to list on the BSE and NSE, and stock market analysts are closely watching its performance. As of today, Hyundai motors share price are trading at a ₹74 premium in the grey market, signaling strong investor interest ahead of the official launch.
The development marks Hyundai as the first automaker in 20 years to go public here in this region, since Maruti Suzuki’s listing back in 2003.
IPO Insights and Future plans for Hyundai
The offering has includes specific reservations for various investor categories: 50% allocated to qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. Up to 7,78,400 equity shares, valued between ₹131-138 crore, have been reserved foremployees at a discounted rate of ₹186/share.
Hyundai’s Market Position and Financial Highlights
Hyundai is currently India’s second-largest carmaker, offering a diverse range 13 passenger vehicle models, including sedans, hatchbacks, and SUVs.The company aims to leverage its robust local manufacturing capabilities to establish Hyundai’s largest production hub in Asia.Hyundai Motor India reported a revenue of ₹17,344 crore, up from ₹16,624 crore for the quarter ending june 2024, the same period last year.
Should You bid for the Hyundai Motor India IPO?
Prashanth Tapse, Senior Vice President of Research at Mehta Equities, shares his perspective Hyundai Motors stock launch, he highlights the evolving dynamics of the Indian auto industry, noting a significant shifts in consumer preferance from the sub- ₹5-7 lakh segment to the ₹10-12 lakh segment. In this price range, Hyundai, along with TATA Motor and M&M, has successfully captured market growth better than Maruti.
Over the past one-year, Maruti has faced continuously faced the increased competition and a decline in market share, which has benefiting in favor of Hyundai Motor India, the second largest automaker in the country.
According to Tapse, this market shifts increase Hyundai’s growth possibilities, Hyundai Motors IPO is an inviting option for potential investors.
Disclaimer: The information provided in this analysis is for informational and educational purposes only. Don’t consider this as a financial advice. IPO investments is a high level of risk, and past performance is not an indicative of future results. Before making any investment decisions, you should do your own research and consult with a qualified financial advisor
