Hyundai Motor India Ltd
AutomobileListedAbout the Company
Hyundai Motor India Limited is the second largest passenger vehicle manufacturer in India with a market share of approximately 14.6%. The company markets vehicles under the Hyundai brand.
Business Model
HMIL manufactures and sells passenger vehicles (PVs) and exports to 150+ countries. Its portfolio spans entry-level, mid, premium, and SUV segments. The company has two plants in Chennai with combined capacity of 8.24 lakh vehicles per annum.
Promoters
Hyundai Motor Company, South Korea (100% pre-IPO, ~82.5% post-IPO).
Key Strengths
- India's second-largest PV manufacturer with strong brand equity
- SUV-led portfolio commanding premium pricing
- Strong export hub — exports to 150+ countries
- Expanding EV presence (IONIQ 5, Creta EV)
- Debt-free with robust cash generation
Key Risks
- Pure OFS — no fresh capital for the company
- High valuations vs. Maruti Suzuki
- India exposure concentration risk
- EV transition risk in global markets
- FX exposure on raw material imports
Use of Proceeds
IPO Details
Issue Size
₹27,870 Cr
Fresh Issue
₹0
OFS
₹27,870 Cr
Price Band
₹1,865-1,960
Lot Size
7 shares
Min Investment
₹13,720
Exchange
NSE & BSE
Registrar
Link Intime India Pvt Ltd
Open Date
Oct 15, 2024
Close Date
Oct 17, 2024
Allotment
Oct 18, 2024
Listing Date
Oct 22, 2024
Lead Managers