Hyundai India's Initial Public Offer (IPO) will open on October 15. Investors can bid for this issue till October 17. The shares of the company will be listed in the market on October 22. The company has fixed its price band at Rs 1,865-1,960. For this, a bid of at least 13,720 rupees has to be made.
The company through this IPO raised Rs. 27,870 crore sought to be raised. This issue of Hyundai Motor India could become India's largest IPO so far. So far this achievement is in the name of Life Insurance Corporation of India (LIC), which in 2022 will reach Rs. 21,000 crore came up with the IPO.
Under this IPO, new shares will not be floated, instead the promoters of the company will sell 14.22 crore existing shares through an Offer for Sale (OFS). According to the company, 14.22 crore equity shares with a face value of Rs. 10 will be listed on the Indian Stock Exchange.
Minimum Investment Rs. 13,720 will be You can invest in Hyundai Motor's IPO in a price band of ₹ 1865-₹ 1960 and in lots of 7 shares. Accordingly if you bid on the upper band, you have to invest at least Rs 13,720. Hyundai employees will get a discount of Rs 186 on each share.
50% of the issue is reserved for qualified institutional buyers (QIB), 15% for non-institutional investors (NII) and 35% for retail investors. Allotment of shares under the IPO will be completed on October 18. Then there will be entry on BSE and NSE on 22nd October.
Hyundai Motor India will be the fourth largest listed auto company Hyundai Motor will be the fourth largest company to be listed on the Indian stock market. It will be the fourth largest automobile company after Maruti-Suzuki, Tata Motors, Mahindra & Mahindra. Hyundai Motor India is the second largest car company in the country after Maruti.
Automaker's first IPO in India in 20 years The IPO will be the first initial public offering of an automaker company in India in 20 years. Earlier Maruti Suzuki's IPO was in 2003. Hyundai is the second largest car manufacturer in the country after Maruti Suzuki India.
Hyundai has a 14.6% share in the domestic market Hyundai Motor India is the country's second largest OEM (Original Equipment Maker) and second largest exporter of passenger vehicles. Its share in the domestic market is 14.6%. It sold 64,201 vehicles in September, down 10% year-on-year. This year to 2024, the company has sold 5.77 lakh vehicles which is almost flat year-on-year.
Talking about the financial health of the company, its net profit in FY 2022 is Rs. 29.02 crore, which will increase in the next financial year 2023 to Rs. 47.09 crore and in FY 2024 Rs. 60.60 crores was reached. During this period, the company's revenue grew at a compound annual growth rate (CAGR) of over 14% to Rs. 713.02 crores. Talking about the current financial year 2024-25, it has posted Rs. 14.90 crore net profit and Rs. 175.68 crores revenue has been achieved.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
