Hyundai Motor India Limited IPO

Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer (“OEM”) in the world based on passenger vehicle sales.The company manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines.

The company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India.

As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports.

The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs).

The company’s models include the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5.

As of December 31, 2023, the company had partnered with 363 dealer companies for distribution and sales in India.

HMIL’s manufacturing plant is situated near Chennai can produce its full range of vehicle models. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.

Hyundai Motor India Limited Financial Information (Restated Consolidated)

Hyundai Motor India Limited’s revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets25,370.2426,349.2534,573.3428,358.06
Revenue17,567.9871,302.3361,436.6447,966.05
Profit After Tax1,489.656,060.044,709.252,901.59
Net Worth12,148.7110,665.6620,054.8216,856.26
Reserves and Surplus11,336.179,853.1219,242.2816,043.71
Total Borrowing758.14767.921,158.61,140.03
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Hyundai Motor IPO is Rs 159258.06 Cr.

KPI as of June 30, 2024.

KPIValues
ROCE13.69%
RoNW12.26%
P/BV14.93
 Pre IPOPost IPO
EPS (Rs) 74.5873.33
P/E (x) 26.2826.73
Note:
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of June 30, 2024 that is available in RHP.

Objects of the Issue (Hyundai Motor IPO Objectives)

The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and the Promoter Selling Shareholder will receive all the Offer Proceeds after deduction of Offer related expenses and relevant taxes thereon, to be borne by the Promoter Selling Shareholder.

Hyundai Motor IPO Details

IPO DateOctober 15, 2024 to October 17, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹1865 to ₹1960 per share
Lot Size7 Shares
Total Issue Size142,194,700 shares
(aggregating up to ₹27,870.16 Cr)
Offer for Sale142,194,700 shares of ₹10
(aggregating up to ₹27,870.16 Cr)
Employee DiscountRs 186 per share
Issue TypeBook Built Issue IPO
Listing AtBSE, NSE
Share holding pre issue812,541,100
Share holding post issue812,541,100

Hyundai Motor IPO Promoter Holding

The promoter of the company is Hyundai Motor Company.

Share Holding Pre Issue100%
Share Holding Post Issue82.50%

SHARIAH SCREENING for - Hyundai Motor India Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
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