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Hyundai Motor India IPO

Hyundai Motor India IPO — date, price band, lot size & details 2024

Hyundai Motor India listed on 22 Oct 2024 at ₹1,934, 1.3% below the ₹1,960 issue price.

Hyundai Motor India is the second largest passenger vehicle maker in India by domestic sales, with 13 models across sedans, hatchbacks, SUVs and EVs. Its total income was Rs 71,302.33 crore in FY2024.

Stock price

Hyundai Motor India is listed — here is the live share price.

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Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Timetable

Key dates from opening to listing. Today is 14 November.

Key dates Listed
  1. Open 15 Oct 2024
  2. Close 17 Oct 2024
  3. Allotment 18 Oct 2024
  4. Refund/credit 21 Oct 2024
  5. Listing 22 Oct 2024

Issue summary

The terms of the offer, as filed.

IPO Dates 15 to 17 Oct, 2024
Price Band ₹1865 – ₹1960
Face Value ₹10
Lot Size 7 Shares
Issue Size ₹27858.75 Cr
Sale Type OFS only
Listing On BSE, NSE
Employee Discount Rs 186.00 per share
Registrar KFin Technologies Limited
Min Investment ₹ 13,720
Reservation
QIB 50%
NII 15%
Retail 35%
Employee 0.55%

Share of the offer set aside for each investor category, as stated in the offer document.

What will it cost me?

Bidding is in multiples of 7 shares at the ₹1960 cut-off. Drag to size your application.

shares
1 lot lots
Application Lots Shares Amount
Retail (min) 1 7 ₹13,720
Retail (max) 14 98 ₹1,92,080
S-HNI (min) 15 105 ₹2,05,800
S-HNI (max) 72 504 ₹9,87,840
B-HNI (min) 73 511 ₹10,01,560

Strengths & risks

Drawn from the offer document — the case for and against, side by side.

Strengths · 5

  • 01Total income rose from Rs 47,966.05 crore in FY2022 to Rs 71,302.33 crore in FY2024.
  • 02Profit after tax rose from Rs 2,901.59 crore in FY2022 to Rs 6,060.04 crore in FY2024.
  • 03Borrowing was low at Rs 758.14 crore on 30 June 2024.
  • 04It has been the 2nd largest passenger vehicle maker in India since Fiscal 2009.
  • 05It is backed by the global Hyundai Motor Group, with 13 models on sale.

Risks · 5

  • 01The whole Rs 27,858.75 crore issue was offer for sale by the parent, so no money went to the company.
  • 02The pre-issue P/E was 26.28 at the upper band of Rs 1,960, based on EPS of Rs 74.58.
  • 03It pays royalty to its parent for technology and brand, which affects margins. The source puts the PAT margin at 8.50%.
  • 04Net worth fell from Rs 20,054.82 crore on 31 March 2023 to Rs 10,665.66 crore on 31 March 2024 after large dividends.
  • 05The promoter held 100% before the issue and 82.5% after it.

Three years of numbers

All figures in ₹ crore, as reported in the Hyundai Motor India offer document.

Total income
17,567.98
61,437
71,302
17,568
31 Mar 202331 Mar 202430 Jun 2024
Profit after tax
1,489.65
4,709
6,060
1,490
31 Mar 202331 Mar 202430 Jun 2024
Borrowing vs net worth
758.14 / 12,148.71
31 Mar 202331 Mar 202430 Jun 2024
Borrowing Net worth
Metric 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 25,370.24 26,349.25 34,573.34 28,358.06
Total Income 17,567.98 71,302.33 61,436.64 47,966.05
Profit After Tax 1,489.65 6,060.04 4,709.25 2,901.59
NET Worth 12,148.71 10,665.66 20,054.82 16,856.26
Reserves and Surplus 11,336.17 9,853.12 19,242.28 16,043.71
Total Borrowing 758.14 767.92 1,158.60 1,140.03

See how this IPO compares — view listing performance of all mainboard IPOs.

Valuation & key ratios

Ratios are for the latest full financial year reported in the Hyundai Motor India RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.

P/E Ratio
26.73
EPS (₹)
73.33
RoCE
13.69%
RoNW
12.26%
PAT Margin
8.50%
NAV (₹)
149.52

Hyundai Motor India IPO Valuation

How the issue prices the company before and after the fresh shares are created.

Valuation Metric Pre-Issue Post-Issue
EPS (₹) ₹74.58 ₹73.33
P/E Ratio (x) 26.28 26.73
Market Cap at Offer Price (₹ Cr) ₹39,148.75 ₹39,816.09

Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹1960 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.

Where the money goes

How the company intends to use the proceeds of the issue.

Information about the usage of proceeds from the Hyundai Motor India IPO will be updated shortly.

Hyundai Motor India IPO Anchor Investors

225 anchor investors across 70 fund houses committed ₹8,315.31 Cr a day before the issue opened.

Anchor Investor Fund House Shares Amount (₹ Cr) % of Anchor Book
Government Of Singapore Government Of Singapore 2,074,086 406.52 4.89%
Monetary Authority Of Singapore Monetary Authority Of Singapore 349,181 68.44 0.82%
New World Fund Inc New World Fund 3,942,470 772.72 9.29%
American Funds Insurance Series New World Fund American Funds Insurance Series 225,666 44.23 0.53%
Fidelity Securities Fund: Fidelity Blue Chip Growth Fund Fidelity 574,000 112.50 1.35%
Fidelity Investment Trust Fidelity Series Emerging Markets Opportunities Fund Fidelity 412,664 80.88 0.97%
Fidelity Investment Trust Fidelity Series Emerging Markets Fund Fidelity 102,403 20.07 0.24%
Fidelity Rutland Square Trust Ii : Strategic Advisers Fidelity Emerging Markets Fund As Managed By Fiam Llc Fidelity 121,401 23.79 0.29%
Fiam Group Trust For Employee Benefit Plans Fiam Select Emerging Markets Equity Commingled Pool - 48,300 9.47 0.11%
Fidelity Securities Fund Fidelity Blue Chip Growth K6 Fund Fidelity 136,402 26.73 0.32%
Fiam Group Trust For Employee Benefit Plans Fiam Emerging Markets Opportunities Commingled Pool Fidelity 119,700 23.46 0.28%
Fidelity Rutland Square Trust Ii Strategic Advisers Emerging Markets Fund As Managed By Fiam Llc Fidelity 48,902 9.58 0.12%
Fidelity Group Trust For Employee Benefit Plans Fidelity Blue Chip Growth Commingled Pool Fidelity 100,198 19.64 0.24%
Fidelity Securities Fund Fidelity Series Blue Chip Growth Fund Fidelity 99,498 19.50 0.23%
Fiam Group Trust For Employee Benefit Plans Fiam Target Date Blue Chip Growth Commingled Pool Fidelity 64,498 12.64 0.15%
Fidelity Central Investment Portfolios Llc : Fidelity Emerging Markets Equity Central Fund Fidelity 42,000 8.23 0.10%
ICICI Prudential Bluechip Fund ICICI Prudential Mutual Fund 849,891 166.58 2.00%
ICICI Prudential Business Cycle Fund ICICI Prudential Mutual Fund 153,874 30.16 0.36%
ICICI Prudential ELSS Tax Saver Fund ICICI Prudential Mutual Fund 254,765 49.93 0.60%
ICICI Prudential Transportation And Logistics Fund ICICI Prudential Mutual Fund 305,718 59.92 0.72%
ICICI Prudential Mnc Fund ICICI Prudential Mutual Fund 244,573 47.94 0.58%
ICICI Prudential Regular Savings Fund ICICI Prudential Mutual Fund 61,145 11.98 0.14%
HDFC Trustee Company Limited-HDFC Flexi Cap Fund HDFC Mutual Fund 463,043 90.76 1.09%
HDFC Trustee Company Ltd. A/C HDFC Top 100 Fund HDFC Mutual Fund 113,981 22.34 0.27%
HDFC Trustee Company Ltd. A/C HDFC Multi- Asset Fund HDFC Mutual Fund 24,934 4.89 0.06%
HDFC Large And Mid Cap Fund HDFC Mutual Fund 292,075 57.25 0.69%
HDFC Trustee Company Limited - HDFC Tax Saverfund HDFC Mutual Fund 124,663 24.43 0.29%
HDFC Mutual Fund - HDFC Childrens Gift Fund HDFC Mutual Fund 81,921 16.06 0.19%
HDFC Mutual Fund - HDFC Hybrid Equity Fund HDFC Mutual Fund 213,710 41.89 0.50%
HDFC Mutual Fund - HDFC Non Cyclical Consumer Fund HDFC Mutual Fund 99,729 19.55 0.24%
HDFC Mutual Fund - HDFC Transportation And Logistics Fund HDFC Mutual Fund 356,181 69.81 0.84%
HDFC Mutual Fund - HDFC Manufacturing Fund HDFC Mutual Fund 99,729 19.55 0.24%
SBI Magnum Global Fund SBI Mutual Fund 816,326 160.00 1.92%
SBI Automotive Opportunities Fund SBI Mutual Fund 816,326 160.00 1.92%
SBI Magnum Children's Benefit Fund - Investment Plan SBI Mutual Fund 237,314 46.51 0.56%
Border To Coast Emerging Markets Equity Alpha Fund Border To Coast 25,900 5.08 0.06%
Public Employees Retirement Association Of Colorado - 51,800 10.15 0.12%
The Baillie Gifford Group Trust, Baillie Gifford Emerging Markets Fund - 25,900 5.08 0.06%
Mercer Emerging Markets Shares Fund - 25,900 5.08 0.06%
Mgi Emerging Markets Equity Fund - 25,900 5.08 0.06%
Opseu Pension Plan Trust Fund - 25,900 5.08 0.06%
Baillie Gifford Worldwide Funds Plc/Baillie Gifford Worldwide Emerging Markets Leading Companies Fund - 25,900 5.08 0.06%
Pacific Horizon Investment Trust Plc Pacific Horizon Investment 51,800 10.15 0.12%
Baillie Gifford Emerging Markets Fund - 51,800 10.15 0.12%
Pension Reserves Investment Trust Fund - Baillie Gifford Overseas Limited - 51,800 10.15 0.12%
Baillie Gifford Emerging Markets Equities Fund - 367,766 72.08 0.87%
Baillie Gifford Emerging Markets Growth Fund A Sub Fund Of Baillie Gifford Overseas Growth Funds Icvc - 51,800 10.15 0.12%
Baillie Gifford Emerging Markets Leading Companies Fund A Sub Fund Of Baillie Gifford Overseas Growth Funds Icvc - 77,700 15.23 0.18%
Baillie Gifford Pacific Fund A Sub Fund Of Baillie Gifford Overseas Growth Funds Icvc Baillie Gifford Pacific 310,800 60.92 0.73%
Vanguard Emerging Markets Select Stock Fund Vanguard 25,900 5.08 0.06%
Vanguard Investments Funds Icvc - Vanguard Global Emerging Markets Fund - 25,900 5.08 0.06%
Calstrs Managed By Baillie Gifford Overseas Ltd - 155,400 30.46 0.37%
Best Investment Corporation Managed By Baillie Gifford - 103,600 20.31 0.24%
City Of New York Group Trust - 207,200 40.61 0.49%
Public Employees Retirement System Of Ohio - 51,800 10.15 0.12%
The Boeing Company Employee Retirement Plans Master Trust - 25,900 5.08 0.06%
Teachers Retirement System Of The City Of New York - 25,900 5.08 0.06%
Virginia Retirement System Managed By Baillie Gifford Overseas Limited - 25,900 5.08 0.06%
Ui Bvk Kapitalverwaltungsgesellschaft Mbh On Behalf Of Bayvk A2- Fonds - 51,800 10.15 0.12%
Moorea Fund - Multi Manager Emerging Markets Equity - 118,671 23.26 0.28%
Best Investment Corporation Managed By Blackrock Asset Management North Asia Limited Best Investment Corporation 231,070 45.29 0.54%
Blackrock Global Funds - Emerging Markets Sustainable Equity Fund Blackrock 98,441 19.29 0.23%
Blackrock Global Funds - India Fund Blackrock 291,347 57.10 0.69%
Tokio Marine Life Insurance Singapore Ltd. - Par Blackrock - 82,376 16.15 0.19%
Blackrock Global Funds Asian Dragon Fund Blackrock 283,500 55.57 0.67%
Blackrock Global Funds Emerging Markets Equity Income Fund Blackrock 70,875 13.89 0.17%
Blackrock Global Funds - Asian Growth Leaders Fund Blackrock 184,037 36.07 0.43%
Fidelity Funds - Emerging Asia Pool Fidelity 88,634 17.37 0.21%
Fidelity Funds - Asian Special Situations Fund Fidelity 480,543 94.19 1.13%
Fidelity Investment Funds - Fidelity Asia Fund Fidelity 791,140 155.06 1.86%
Nippon Life India Trustee Ltd-A/C Nippon India Growth Fund Nippon India Mutual Fund 464,590 91.06 1.10%
Nippon Life India Trustee Ltd-A/C Nippon India Flexi Cap Fund Nippon India Mutual Fund 92,918 18.21 0.22%
Nippon Life India Trustee Ltd-A/C Nippon India Multi Asset Allocation Fund Nippon India Mutual Fund 36,239 7.10 0.09%
Nippon Life India Trustee Ltd-A/C Nippon India Large Cap Fund Nippon India Mutual Fund 232,295 45.53 0.55%
Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund Nippon India Mutual Fund 232,295 45.53 0.55%
Nippon Life India Trustee Ltd-A/C Nippon India Focused Equity Fund Nippon India Mutual Fund 278,754 54.64 0.66%
Nippon Life India Trustee Ltd-A/C Nippon India Innovation Fund Nippon India Mutual Fund 23,226 4.55 0.05%
Kotak Flexicap Fund Kotak Mahindra Mutual Fund 1,007,650 197.50 2.38%
Kotak Bluechip Fund Kotak Mahindra Mutual Fund 201,523 39.50 0.48%
Kotak Focused Equity Fund Kotak Mahindra Mutual Fund 151,144 29.62 0.36%
Government Pension Fund Global Government Pension Fund Global 1,360,317 266.62 3.21%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Bluechip Fund Axis Mutual Fund 456,827 89.54 1.08%
Axis ELSS Tax Saver Fund Axis Mutual Fund 456,827 89.54 1.08%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Children's Fund Axis Mutual Fund 11,438 2.24 0.03%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Aggressive Hybrid Fund Axis Mutual Fund 21,567 4.23 0.05%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Growth Opportunities Fund Axis Mutual Fund 101,514 19.90 0.24%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Retirement Fund - Dynamic Plan Axis Mutual Fund 5,068 0.99 0.01%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Retirement Fund - Aggressive Plan Axis Mutual Fund 12,684 2.49 0.03%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Innovation Fund Axis Mutual Fund 91,364 17.91 0.22%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Multicap Fund Axis Mutual Fund 101,514 19.90 0.24%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis India Manufacturing Fund Axis Mutual Fund 101,514 19.90 0.24%
Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life Transportation And Logistics Fund Aditya Birla Sun Life Mutual Fund 258,895 50.74 0.61%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life India Gennext Fund Aditya Birla Sun Life Mutual Fund 248,605 48.73 0.59%
Aditya Birla Sun Life Trustee Private Limited A/C - Aditya Birla Sun Life ELSS Tax Saver Fund Aditya Birla Sun Life Mutual Fund 203,056 39.80 0.48%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Frontline Equity Fund Aditya Birla Sun Life Mutual Fund 203,056 39.80 0.48%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Flexi Cap Fund Aditya Birla Sun Life Mutual Fund 203,049 39.80 0.48%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Mnc Fund Aditya Birla Sun Life Mutual Fund 203,049 39.80 0.48%
Aditya Birla Sun Life Trustee Private Limited A/C Aditya Birla Sun Life Dividend Yield Fund Aditya Birla Sun Life Mutual Fund 40,607 7.96 0.10%
SBI Life Insurance Co. Ltd SBI Life Insurance 1,360,317 266.62 3.21%
HDFC Life Insurance Company Limited HDFC Life Insurance 1,360,317 266.62 3.21%
Aegon Investment Management B.v.-Aegon Custody B.v. Re Aegon Global Multi Manager Emerging Markets Fund Re External Manager 3 - 90,965 17.83 0.21%
Tokio Marine Life Insurance Singapore Ltd. - Par Schroders - 30,576 5.99 0.07%
Schroder Asiapacific Fund Plc Schroder 109,445 21.45 0.26%
Schroder International Selection Fund Asian Opportunities Schroder 494,249 96.87 1.16%
Schroder International Selection Fund Indian Equity Schroder 122,220 23.96 0.29%
Schroder International Selection Fund Emerging Asia Schroder 457,275 89.63 1.08%
Schroder Asian Total Return Investment Company Plc Schroder 55,587 10.90 0.13%
UTI Large Cap Fund UTI Mutual Fund 265,685 52.07 0.63%
UTI-Master Equity Plan Unit Scheme UTI Mutual Fund 63,763 12.50 0.15%
UTI-Mnc Fund UTI Mutual Fund 63,763 12.50 0.15%
UTI Transportation And Logistics Fund UTI Mutual Fund 170,044 33.33 0.40%
UTI - India Consumer Fund UTI Mutual Fund 31,885 6.25 0.08%
Mirae Asset Large Cap Fund Mirae Asset Mutual Fund 442,540 86.74 1.04%
Mirae Asset Flexi Cap Fund Mirae Asset Mutual Fund 152,600 29.91 0.36%
Canada Pension Plan Investment Board - 850,197 166.64 2.00%
Jpm Asia Growth Fund - 51,023 10.00 0.12%
J P Morgan Funds J.p.morgan 180,936 35.46 0.43%
Jpmorgan Asia Growth Fund J.p.morgan 57,043 11.18 0.13%
Jpmorgan Fund Icvc - Jpm Asia Pacific Equity Fund J.p.morgan 51,023 10.00 0.12%
Mgts Afh Da Asia Ex Japan Equity Fund Managed By Jpmorgan Asset Management Limited - 51,023 10.00 0.12%
Fidelity Common Contractual Fund Ii/Fidelity Asia Pacific Ex-Japan Equity Fund Fidelity 51,023 10.00 0.12%
Meag Munich Ergo Kapitalanlagegesellschaft Mbh Acting For Meag Euro 1 - 51,023 10.00 0.12%
Meag Munich Ergo Kapitalanlagegesellschaft Mbh Acting For Meag Atlas - 51,023 10.00 0.12%
J P Morgan Investment Funds J.p.morgan 51,023 10.00 0.12%
Franklin India Flexi Cap Fund Franklin Templeton Mutual Fund 126,238 24.74 0.30%
Templeton India Value Fund Templeton 231,371 45.35 0.55%
Franklin India ELSS Tax Saver Fund Franklin Templeton Mutual Fund 54,103 10.60 0.13%
Franklin India Multi Cap Fund Franklin Templeton Mutual Fund 183,428 35.95 0.43%
Franklin Templeton Investment Funds - Templeton Bric Fund Franklin Templeton 99,190 19.44 0.23%
M&G Funds (1) Franklin Templeton India Equity Fund - 25,515 5.00 0.06%
Franklin Templeton Investment Funds - Franklin India Fund Franklin Templeton Mutual Fund 354,277 69.44 0.84%
Eastspring Investments - Dragon Peacock Fund Eastspring 34,335 6.73 0.08%
Dragon Peacock Investments Limited - 60,746 11.91 0.14%
Eastspring Investments India Equity Open Limited Eastspring 264,124 51.77 0.62%
Eastspring Investments India Consumer Equity Open Limited Eastspring 235,935 46.24 0.56%
Max Life Insurance Company Limited A/C Reversionary Bonus Participating - Equity Axis Max Life Insurance 276,304 54.16 0.65%
Max Life Insurance Company Limited A/C - Ulif01108/02/07Lifegrwsup104 - Growth Super Fund Axis Max Life Insurance 242,459 47.52 0.57%
Max Life Insurance Company Limited A/C - Ulif00125/06/04Lifegrowth104 - Growth Fund Axis Max Life Insurance 76,377 14.97 0.18%
Ashoka Whiteoak Icav - Ashoka Whiteoak Emerging Markets Equity Fund Ashoka Whiteoak 25,515 5.00 0.06%
Ashoka Whiteoak Icav - Ashoka Whiteoak India Opportunities Fund Ashoka Whiteoak 433,048 84.88 1.02%
Ashoka Whiteoak Emerging Markets Trust Plc Ashoka Whiteoak 25,515 5.00 0.06%
Ashoka India Equity Investment Trust Plc Ashoka 111,062 21.77 0.26%
Absl Umbrella Ucits Fund Plc - India Frontline Equity Fund Absl Umbrella Ucits 42,509 8.33 0.10%
ABU Dhabi Investment Authority - Stable ABU Dhabi Investment 276,318 54.16 0.65%
360 One Focused Equity Fund 360 One 318,822 62.49 0.75%
HSBC Pooled Investment Fund - HSBC Pooled Asia Pacific Ex Japan Equity Fund HSBC Mutual Fund 25,511 5.00 0.06%
HSBC Global Investment Funds - Asia Ex Japan Equity HSBC Mutual Fund 25,511 5.00 0.06%
HSBC Global Investment Funds - Indian Equity HSBC 341,811 66.99 0.81%
HSBC Indian Equity Mother Fund HSBC 202,307 39.65 0.48%
Invesco India Largecap Fund . Invesco Mutual Fund 111,335 21.82 0.26%
Invesco India Balanced Advantage Fund Invesco Mutual Fund 45,542 8.93 0.11%
Invesco India Aggressive Hybrid Fund Invesco Mutual Fund 40,488 7.94 0.10%
Invesco India Equity Savings Fund Invesco Mutual Fund 15,183 2.98 0.04%
T. Rowe Price New Asia Fund T.rowe Price 212,548 41.66 0.50%
Nps Trust- A/C SBI Pension Fund Scheme E - Tier I SBI Nps Trust 212,548 41.66 0.50%
Bandhan Flexi Cap Fund Bandhan Mutual Fund 102,186 20.03 0.24%
Bandhan Core Equity Fund Bandhan Mutual Fund 51,100 10.02 0.12%
Bandhan Transportation And Logistics Fund Bandhan Mutual Fund 29,631 5.81 0.07%
Bandhan Business Cycle Fund Bandhan Mutual Fund 29,631 5.81 0.07%
Tata Large Cap Fund Tata Mutual Fund 212,548 41.66 0.50%
HSBC Value Fund HSBC Mutual Fund 102,844 20.16 0.24%
HSBC Multi Cap Fund HSBC Mutual Fund 34,279 6.72 0.08%
HSBC India Export Opportunities Fund HSBC Mutual Fund 61,712 12.10 0.15%
HSBC Flexi Cap Fund HSBC Mutual Fund 13,713 2.69 0.03%
Ask Emerging Opportunities Fund (Eof) Series Ii - 70,847 13.89 0.17%
Ask Golden Decade Fund - 85,022 16.66 0.20%
Ask Golden Decade Fund - Series Ii - 56,679 11.11 0.13%
Nps Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier I HDFC Nps Trust 210,000 41.16 0.49%
Nps Trust- A/C HDFC Pension Fund Management Limited Scheme E - Tier Ii HDFC Nps Trust 2,548 0.50 0.01%
Nhit: Global Emerging Markets Equity Trust - 81,529 15.98 0.19%
Destinations International Equity Fund, A Series Of Brinker Capital Destinations Trust Destinations International Equity 72,954 14.30 0.17%
Natixis International Funds (Lux) I - Loomis Sayles Global Emerging Markets Equity Fund Natixis 58,065 11.38 0.14%
Matthews Asia Funds - India Fund Matthews 25,511 5.00 0.06%
Matthews India Fund Matthews 187,037 36.66 0.44%
Sundaram Mutual Fund A/C Sundaram ELSS Tax Saver Fund Sundaram Mutual Fund 33,929 6.65 0.08%
Sundaram Mutual Fund A/C Sundaram Diversified Equity Sundaram Mutual Fund 38,619 7.57 0.09%
Sundaram Mutual Fund A/C Sundaram Large Cap Fund Sundaram Mutual Fund 86,940 17.04 0.20%
Sundaram Mutual Fund A/C Sundaram Flexi Cap Fund Sundaram Mutual Fund 53,060 10.40 0.13%
Mirae Asset Asia Great Consumer Equity Fund Mirae Asset Mutual Fund 121,548 23.82 0.29%
Mirae Asset India Sector Leader Equity Fund Mirae Asset Mutual Fund 91,000 17.84 0.21%
Kotak Mahindra Life Insurance Company Ltd. Kotak 212,548 41.66 0.50%
Public Sector Pension Investment Board - Kotak Mahindra Asset Management (Singapore) Pte Ltd Public Sector Pension Investment Board 132,650 26.00 0.31%
Kotak Funds - India Esg Fund Kotak Mahindra Mutual Fund 54,383 10.66 0.13%
Kotak Infinity Fund - Class Ac Kotak Mahindra Mutual Fund 25,515 5.00 0.06%
Blend Fund 2 - 212,548 41.66 0.50%
Allspring Emerging Markets Equity Income Fund - 51,023 10.00 0.12%
Allspring Emerging Markets Equity Fund - 59,479 11.66 0.14%
Allspring (Lux) Worldwide Fund - Emerging Markets Equity Income Fund - 51,023 10.00 0.12%
Florida Retirement System - Allspring Global Investments, Llc - 51,023 10.00 0.12%
Integrated Core Strategies (Asia) Pte. Ltd. Integrated Core 212,548 41.66 0.50%
Omers Administration Corporation - Oac Custody Account (Scv6) - 212,548 41.66 0.50%
Motilal Oswal Large Cap Fund Motilal Oswal Mutual Fund 106,274 20.83 0.25%
Motilal Oswal Small Cap Fund Motilal Oswal Mutual Fund 106,274 20.83 0.25%
ABU Dhabi Investment Authority - Monsoon ABU Dhabi Investment 42,509 8.33 0.10%
Edelweiss Trusteeship Co Ltd Ac - Edelweiss MF Ac- Edelweiss Recently Listed Ipo Fund Edelweiss Mutual Fund 42,509 8.33 0.10%
Aditya Birla Sun Life Insurance Company Limited Aditya Birla Sun Life Insurance 42,509 8.33 0.10%
Whiteoak Capital Flexi Cap Fund Whiteoak Capital Mutual Fund 42,509 8.33 0.10%
Baroda BNP Paribas Large Cap Fund Baroda BNP Paribas Mutual Fund 42,509 8.33 0.10%
SBI General Insurance Company Limited SBI Mutual Fund 42,509 8.33 0.10%
Barings Eastern Trust - 42,509 8.33 0.10%
Schonfeld Apac Master Fund Pte. Ltd. - 42,509 8.33 0.10%
Societe Generale - Odi Societe General 170,039 33.33 0.40%
Value Partners High-Dividend Stocks Fund Value Partners 42,509 8.33 0.10%
Morgan Stanley Asia (Singapore) Pte. - Odi Morgan Stanley 382,585 74.99 0.90%
Kotak Iconic Fund Kotak 42,509 8.33 0.10%
Vikasa India Eif I Fund - 42,509 8.33 0.10%
Bajaj Allianz General Insurance Company Limited Bajaj Allianz General 29,756 5.83 0.07%
Bajaj Allianz General Insurance Company Limited Bajaj Allianz General 12,753 2.50 0.03%
Goldman Sachs (Singapore) Pte. - Odi Goldman Sachs 212,548 41.66 0.50%
Optimix Wholesale Global Emerging Markets Share Trust Optimix 42,509 8.33 0.10%
Ghisallo Master Fund Lp Ghisallo 42,509 8.33 0.10%
Copthall Mauritius Investment Limited - Odi Account - 42,509 8.33 0.10%
Bofa Securities Europe Sa - Odi Bofa Securities 85,022 16.66 0.20%
BNP Paribas Financial Markets - Odi BNP Paribas 42,509 8.33 0.10%
Kuwait Investment Authority Fund 226 - 116,158 22.77 0.27%
Redwheel Emerging Markets Equity Master Fund Limited - 137,109 26.87 0.32%
Redwheel Funds - Redwheel Global Emerging Markets Fund Redwheel 75,439 14.79 0.18%
Bank Of India Large & Midcap Equity Fund - 15,000 2.94 0.04%
Bank Of India Multi Asset Allocation Fund Bank Of India Mutual Fund 7,000 1.37 0.02%
Bank Of India Blue Chip Fund - 20,509 4.02 0.05%
Canara HSBC Life Insurance Co Ltd Canara HSBC 42,509 8.33 0.10%
Tocu Europe Iii S.a R.l. Tocu Europe Iii 42,509 8.33 0.10%
East Bridge Capital Master Fund I Ltd East Bridge Capital 42,509 8.33 0.10%
ICICI Lombard General Insurance Company Ltd - 42,538 8.34 0.10%
Citigroup Global Markets Mauritius Private Limited - Odi - 42,509 8.33 0.10%
Total anchor allocation 8,315.31

Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.

About the company

Hyundai Motor India Limited was incorporated on 6 May 1996. It makes and sells four-wheeler passenger vehicles and parts such as transmissions and engines, in India and abroad.

Its portfolio includes 13 passenger vehicle models across sedans, hatchbacks, SUVs and battery EVs. As per CRISIL, it has been the second largest auto OEM in the Indian passenger vehicle market by domestic sales since Fiscal 2009.

It is part of the Hyundai Motor Group, the third largest auto OEM in the world by passenger vehicle sales in CY2023. Its promoter is Hyundai Motor Company.

The IPO was Rs 27,858.75 crore, and was entirely an offer for sale by Hyundai Motor Company, so the company received none of the money.

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Promoters
Hyundai Motor Company
Promoter holding
100% → 82.5%
Pre-issue → post-issue

The bankers & the filings

Who is running the book, and the documents this page is built from.

Book-running lead manager
HSBC Securities & Capital Markets (India) Pvt. Ltd. View track record →
Book-running lead manager
Kotak Mahindra Capital Company Limited View track record →
Book-running lead manager
Morgan Stanley India Co. Pvt. Ltd View track record →
Book-running lead manager
JP Morgan India Pvt. Ltd View track record →
Book-running lead manager
Citigroup Global Markets India Pvt. Ltd View track record →
Red Herring Prospectus
SEBI filing
Final offer document — price band, financials and risk factors. This page is built from it.
Open the RHP
Anchor allocation
Exchange filing
The anchor book as filed with the exchange a day before the issue opened.
Open the filing

Hyundai Motor India IPO Documents

Read the filings this page is built from.

Red Herring Prospectus (RHP) Final offer document — price band, financials, risk factors Anchor Investor Allocation Exchange filing listing the anchor book

Lead Manager Track Record

How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.

HSBC Securities & Capital Markets (India) Pvt. Ltd.

34 issues handled
Listed in Profit 79.4% 27 of 34 listed
Avg Listing Gain +13% across 34 issues
Listed Below Issue 7 of 34 listed

Best listing: Gujarat State Petronet (+72.2%). Weakest: Nuvoco Vistas Corporation (-14.9%).

Kotak Mahindra Capital Company Limited

204 issues handled
Listed in Profit 76% 155 of 204 listed
Avg Listing Gain +18.8% across 204 issues
Listed Below Issue 49 of 204 listed

Best listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).

Morgan Stanley India Co. Pvt. Ltd

36 issues handled
Listed in Profit 80.6% 29 of 36 listed
Avg Listing Gain +14.7% across 36 issues
Listed Below Issue 7 of 36 listed

Best listing: Nykaa (+79.4%). Weakest: KSK Energy Ventures (-12.5%).

JP Morgan India Pvt. Ltd

41 issues handled
Listed in Profit 78% 32 of 41 listed
Avg Listing Gain +17% across 41 issues
Listed Below Issue 9 of 41 listed

Best listing: Premier Energies (+120.0%). Weakest: Nuvoco Vistas Corporation (-14.9%).

Citigroup Global Markets India Pvt. Ltd

74 issues handled
Listed in Profit 70.3% 52 of 74 listed
Avg Listing Gain +16.1% across 74 issues
Listed Below Issue 22 of 74 listed

Best listing: Tata Technologies (+140.0%). Weakest: Puravankara Projects (-22.5%).

Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.

Company contact

Company
Hyundai Motor India
Email

Frequently asked

What is the GMP of Hyundai Motor India?

The current Grey Market Premium is ₹0.

What is the Hyundai Motor India IPO price band?

₹1865 to ₹1960, on a face value of ₹10.

When is the allotment?

The basis of allotment is 18 October 2024, with listing on 22 October 2024.

How do I check allotment status?

On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.

Hyundai Motor India IPO

Every number here traces back to a filing.

IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.

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Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.

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₹0
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Min bid
₹13,720
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