Hyundai Motor India Limited IPO: Key Information and Details
Company Overview
Incorporated in May 1996, Hyundai Motor India Limited (HMIL) is a part of the Hyundai Motor Group, the world’s third-largest auto original equipment manufacturer (OEM) based on passenger vehicle sales. Known for manufacturing and selling reliable, feature-rich, and innovative four-wheeler passenger vehicles, HMIL leverages cutting-edge technology in its products.
The company also produces essential automotive parts, including transmissions and engines, providing comprehensive mobility solutions. HMIL operates an extensive network of 1,366 sales points and 1,550 service points across India. Key Achievements and Presence As of March 31, 2024, Hyundai Motor India has sold nearly 12 million passenger vehicles, both in the domestic market and through exports. The company’s product range includes sedans, hatchbacks, SUVs, and electric vehicles (EVs), with popular models such as:
Grand i10 NIOS
i20, i20 N Line
AURA, Elantra
Venue, Venue N Line
Verna, Creta, Creta N Line
Alcazar, Tucson
All-electric SUV: Ioniq 5
The company’s distribution is powered by partnerships with +350 dealer companies across India. Its manufacturing plant near Chennai supports the production of the full range of vehicle models, with export markets including Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka. Promoter Holding The promoter of Hyundai Motor India is Hyundai Motor Company.
Pre-Issue Shareholding: 100%
Post-Issue Shareholding: 82.50%
Objects of the Issue
The company will not receive any proceeds from the IPO. Instead, the proceeds will go to the promoter selling shareholder, after the deduction of issue-related expenses and taxes. Hyundai Motor IPO: Key Details
IPO Dates: 15 to 17 October, 2024
Price Band : ₹1865 to ₹1960 per share
Lot Size: 7 shares
Total Issue size: ₹27,870.16 Crores
Retail Quota: 35%
Listing Date: 22nd October 2024
GMP: Nil ( For Informational purposes only )
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