Hyundai Motor India Limited IPO: Essential Insights

IPO Details

  • Opening Date
  • Close Date
  • Allotment Date
  • Listing Date
  • Face Value
  • Issue Price
  • Market Lot
  • Total Issue Size
  • October 15, 2024
  • October 17, 2024
  • October 18, 2024
  • October 22, 2024
  • 10
  • 1865 to 1960
  • 7
  • 27,870.16 cr
Hyundai Motor India Limited IPO: Essential Insights
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How to Analyze an IPO: A Comprehensive Guide for Investors

Overview

Hyundai Motor India Limited IPO 2024: Key Details and Investment Insights

Hyundai Motor India Limited, one of the leading automotive manufacturers in India, is set to launch its Initial Public Offering (IPO) in October 2024. The company, a subsidiary of Hyundai Motor Company, South Korea, has a strong presence in the Indian market and is known for its innovative automotive solutions.

This 100% Book Built Offer will comprise up to 142,194,700 equity shares with a face value of ₹10 each, aggregating up to ₹[●] million. The IPO includes an Offer for Sale by the promoter, Hyundai Motor Company, with shares available for Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and eligible employees under the Employee Reservation Portion. The Price Band and Bid Lot details will be announced closer to the IPO opening date.

The bid/offer period for the IPO is scheduled from October 15, 2024, to October 17, 2024, with Anchor Investor bidding opening on October 14, 2024. The shares will be listed on the NSE and BSE, providing potential investors with an opportunity to participate in one of India’s most prominent automotive brands.

Hyundai Motor India has a reputation for high-quality manufacturing, advanced technology, and market-leading customer satisfaction. With this IPO, the company aims to strengthen its capital structure and enhance its financial flexibility. The listing also aligns with the broader industry trend of automotive companies tapping into public markets to drive future growth.

Investors are advised to review the Red Herring Prospectus for detailed information on risk factors, financial data, and offer structure before making an investment decision. Hyundai Motor India Limited’s IPO promises to be a significant event in India’s automotive and stock market landscape.

Company Financial

Restated Summary Statement of Assets and Liabilities

Hyundai Motor India Limited - Restated Consolidated Statement of Assets and Liabilities As at June 30, 2024 As at June 30, 2023 As at March 31, 2024 As at March 31, 2023 As at March 31, 2022
Assets
Non-current assets
Property, plant and equipment 63,786.92 64,386.51 67,135.59 57,656.36 62,290.52
Capital work-in-progress 9,721.25 7,081.22 6,528.42 13,366.35 5,291.25
Right-of-use assets 6,134.07 560.8 6,183.42 577.65 662.96
Intangible assets 2,612.91 3,059.09 2,825.26 3,270.32 3,758.62
Other financial assets 629.21 546.31 624.12 516.97 493.98
Deferred tax assets (net) 9,896.71 8,755.07 9,477.90 8,265.99 6,156.74
Non-current tax assets (net) 7,012.78 6,212.66 6,886.39 6,146.71 2,081.53
Other non-current assets 3,031.11 2,215.73 2,590.92 2,313.36 2,046.57
Total non-current assets 1,02,824.96 92,817.39 1,02,252.02 92,113.71 82,782.17
Current assets
Inventories 28,882.93 35,943.73 33,156.29 34,224.09 28,811.20
Trade receivables 23,581.40 26,434.06 25,100.26 28,971.92 21,824.07
Cash and cash equivalents 45,042.88 64,630.48 9,732.15 1,77,411.47 1,41,388.42
Bank balance other than above 40,084.95 1,28,065.91 80,441.30 - -
Loans - - - 659.48 154.94
Other financial assets 3,718.15 3,003.44 3,439.24 4,539.58 3,005.15
Other current assets 9,567.12 6,153.82 9,371.19 7,813.17 5,614.63
Total current assets 1,50,877.43 2,64,231.44 1,61,240.43 2,53,619.71 2,00,798.41
Total assets 2,53,702.39 3,57,048.83 2,63,492.45 3,45,733.42 2,83,580.58
Equity and Liabilities
Equity
Equity share capital 8,125.41 8,125.41 8,125.41 8,125.41 8,125.41
Reserves and surplus 1,13,361.69 2,05,682.88 98,531.16 1,92,422.77 1,60,437.14
Total equity 1,21,487.10 2,13,808.29 1,06,656.57 2,00,548.18 1,68,562.55
Non-current liabilities
Borrowings 6,016.98 6,862.07 6,227.97 7,065.66 7,667.10
Lease liabilities 533.54 259.3 557.68 267.23 307.47
Provisions 8,671.35 8,270.03 8,467.39 8,037.65 7,743.02
Other non-current liabilities 11,968.21 10,119.09 11,610.97 9,759.55 7,378.07
Total non-current liabilities 27,190.08 25,510.49 26,864.01 25,130.09 23,095.66
Current liabilities
Borrowings 1,564.46 5,968.92 1,451.18 4,520.34 3,733.23
Lease liabilities 96.62 34.25 95.58 40.24 68.95
Total outstanding dues of micro enterprises and small enterprises 1,831.52 2,072.11 2,158.18 1,536.92 1,274.98
Total outstanding dues of creditors other than micro enterprises and small enterprises 72,963.46 72,772.39 72,871.39 52,779.30
Other financial liabilities 6,031.06 8,809.48 5,759.74 8,067.47 4,263.43
Other current liabilities 15,466.82 17,948.80 39,327.93 25,342.17 23,789.21
Provisions 4,580.67 4,393.04 4,528.20 4,539.05 4,027.33
Current tax liabilities (net) 6,735.79 5,539.99 3,878.67 3,137.57 1,985.94
Total current liabilities 1,05,025.21 1,17,730.05 1,29,971.87 1,20,055.15 91,922.37
Total liabilities 1,32,215.29 1,43,240.54 1,56,835.88 1,45,185.24 1,15,018.03
Total equity and liabilities 2,53,702.39 3,57,048.83 2,63,492.45 3,45,733.42 2,83,580.58

Statement of Profit and Loss

Hyundai Motor India Limited - Restated Consolidated Statement of Profit and Loss (including other comprehensive income) For the period ended June 30, 2024 For the period ended June 30, 2023 For the year ended March 31, 2024 For the year ended March 31, 2023 For the year ended March 31, 2022
Income
Revenue from operations 1,73,442.34 1,66,235.11 6,98,290.57 6,03,075.80 4,73,784.32
Other income 2,237.50 3,881.00 14,732.68 11,290.62 5,876.16
Total income 1,75,679.84 1,70,116.11 7,13,023.25 6,14,366.42 4,79,660.48
Expenses
Cost of materials consumed 1,17,638.35 1,18,640.95 5,12,979.91 4,45,086.35 3,52,308.08
Purchases of stock-in-trade 1,801.24 816.14 4,334.27 6,564.16 6,564.05
Changes in inventories of finished goods, work-in-progress, and stock-in-trade 5,337.45 6,557.53 -1,384.74 -1,351.21 -621.2
Employee benefits expense 5,527.69 4,794.67 19,754.88 17,662.26 16,476.38
Finance costs 316.4 371.86 1,580.79 1,424.01 1,319.13
Depreciation and amortisation expense 5,289.81 5,596.90 22,079.31 21,898.66 21,695.86
Other expenses 19,868.85 15,555.02 71,820.52 60,098.70 44,397.74
Cost of materials consumed for own use -133.78 -101.75 -540.43 -472.26 -201.61
Total expenses 1,55,646.01 1,52,231.32 6,30,624.51 5,50,910.67 4,41,938.42
Profit before tax 20,033.83 17,884.79 82,398.74 63,455.75 37,722.06
Tax expense
Current tax 5,533.93 5,071.33 22,965.26 18,414.53 10,377.87
Deferred tax (net) -396.62 -478.4 -1,166.96 -2,051.28 -1,671.72
Total tax expense 5,137.31 4,592.93 21,798.30 16,363.25 8,706.15
Profit for the period / year 14,896.52 13,291.86 60,600.44 47,092.50 29,015.91
Other comprehensive income ('OCI') for the period / year
Remeasurements of net defined benefit liability / (asset) -88.18 -42.43 -178.57 -230.33 36.11
Income tax relating to items that will not be reclassified to profit or loss 22.19 10.68 44.95 57.97 -9.09
Total other comprehensive income / (loss) -65.99 -31.75 -133.62 -172.36 27.02
Total comprehensive income for the period / year 14,830.53 13,260.11 60,466.82 46,920.14 29,042.93

Board of Directors of Company

  1. Unsoo Kim
    • Designation: Managing Director
  2. Tarun Garg
    • Designation: Whole-time Director and Chief Operating Officer
  3. Gopalakrishnan Chathapuram Sivaramakrishnan
    • Designation: Whole-time Director and Chief Manufacturing Officer
  4. Wangdo Hur
    • Designation: Whole-time Director and Chief Financial Officer
  5. Shalini Puchalapalli
    • Designation: Independent Director
  6. Ajay Tyagi
    • Designation: Independent Director
  7. Sree Kirat Patel
    • Designation: Independent Director
  8. John Martin Thompson
    • Designation: Independent Director​

Company contact Details

Registered Office Address

Plot No. H-1, SIPCOT Industrial Park,
Irrungattukottai, Sriperumbudur Taluk,
Kancheepuram District – 602 105,
Tamil Nadu, India

Email: complianceofficer@hmil.net
Website: www.hyundai.com/in/en