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
Financial
Directors
Contact

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

Category 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 & Equipment 467.86 355.60 452.79 313.75 311.58
Right-of-use Assets 592.70 567.03 587.80 545.83 462.21
Goodwill 696.47 325.77 696.47 325.77 10.91
Other Intangible Assets 291.26 306.58 304.31 319.74 16.27
Investment in Associates 60.27 66.47 60.36 66.97 -
Financial Assets (Investments) 1,682.99 1,312.20 1,382.28 1,616.40 1,280.02
Other Financial Assets 96.22 109.93 94.89 80.54 57.30
Income Tax Assets 174.07 177.43 160.30 157.45 109.17
Other Assets 57.08 26.05 53.60 31.49 24.64
Total Non-current Assets 4,118.91 3,247.06 3,792.79 3,457.95 2,272.11
Current assets
Inventories 56.30 10.90 48.69 10.64 17.74
Financial Assets (Investments) 2,918.32 4,692.95 3,728.47 4,857.15 9,067.98
Trade Receivables 1,189.59 950.17 963.85 1,062.35 1,111.93
Cash and Cash Equivalents 836.49 1,220.26 887.05 832.52 1,096.13
Bank Balances Other than Cash 3.01 1.41 3.80 31.40 7.74
Other Financial Assets 906.96 734.71 826.80 651.87 319.85
Other Assets 311.66 329.42 277.97 376.77 512.25
Total Current Assets 6,222.33 7,939.81 6,736.63 7,822.70 12,133.63
Total Assets 10,341.24 11,186.87 10,529.42 11,280.65 14,405.74
EQUITY AND LIABILITIES
Equity
Equity Share Capital 3.81 2.66 3.01 2.66 0.86
Instruments Entirely Equity in Nature 15,090.76 15,562.54 15,573.26 15,562.54 15,562.54
Other Equity (7,649.58) (6,904.60) (7,784.81) (6,508.59) (3,296.49)
Total Equity 7,444.99 8,660.60 7,791.46 9,056.61 12,266.91
Non-current liabilities
Financial Liabilities (Borrowings) 154.61 - 95.98 - -
Lease Liabilities 470.88 477.34 467.06 444.58 408.67
Other Financial Liabilities 3.78 37.39 - 37.44 18.59
Contract Liabilities 28.77 - 29.01 - -
Provisions 40.34 38.76 39.11 38.49 27.72
Total Non-current Liabilities 698.39 553.50 631.16 520.51 454.98
Current liabilities
Financial Liabilities (Borrowings) 102.00 - 115.21 - -
Lease Liabilities 184.73 148.48 185.94 155.02 99.54
Trade Payables 989.47 879.94 880.90 873.17 956.14
Other Financial Liabilities 632.73 700.50 639.42 391.66 382.66
Contract Liabilities 16.18 28.36 20.93 35.04 22.69
Other Liabilities 189.41 133.27 185.67 166.69 162.22
Provisions 83.35 82.22 78.73 81.94 60.59
Total Current Liabilities 2,197.86 1,972.77 2,106.80 1,703.52 1,683.85
Total Liabilities 2,896.25 2,526.27 2,737.96 2,224.03 2,138.83
Total Equity and Liabilities 10,341.24 11,186.87 10,529.42 11,280.65 14,405.74

Statement of Profit and Loss

Category Three months ended June 30, 2024 Three months ended June 30, 2023 Year ended March 31, 2024 Year ended March 31, 2023 Year ended March 31, 2022
Income
Revenue from Operations 3,222.22 2,389.82 11,247.39 8,264.60 5,704.90
Other Income 87.89 119.83 386.96 449.86 414.88
Total Income 3,310.11 2,509.65 11,634.35 8,714.45 6,119.78
Expenses
Cost of Materials Consumed 7.77 14.36 61.08 72.00 51.05
Purchases of Stock-in-Trade 1,195.15 897.02 4,554.75 3,301.95 2,224.54
Changes in Inventories of Stock-in-Trade (7.55) (1.33) (11.63) 6.92 (7.55)
Employee Benefits Expense 589.19 485.78 2,012.16 2,129.82 1,708.49
Finance Costs 19.83 17.40 71.40 58.19 48.38
Depreciation and Amortisation Expense 121.67 91.30 420.59 285.79 170.09
Other Expenses
- Advertising and Sales Promotion 445.37 487.13 1,850.80 2,501.16 2,005.07
- Delivery and Related Charges 1,046.05 749.00 3,351.06 2,834.94 2,068.81
- Others 490.49 331.90 1,637.18 1,693.62 1,305.56
Total Expenses 3,907.96 3,072.56 13,947.38 12,884.40 9,574.45
Loss before Share of Loss of Associate, Exceptional Items, and Tax (597.85) (562.91) (2,313.04) (4,169.95) (3,454.68)
Share in Net Loss of Associate (0.09) (0.50) (6.61) (0.10) (1.02)
Loss before Exceptional Items and Tax (597.94) (563.41) (2,319.65) (4,170.05) (3,455.69)
Exceptional Items (13.07) (0.67) (30.59) (9.26) (173.20)
Loss before Tax (611.01) (564.08) (2,350.24) (4,179.30) (3,628.90)
Tax Expense
- Current Tax - - - - -
- Deferred Tax - - - - -
Total Tax Expense - - - - -
Loss for the Period/Year (611.01) (564.08) (2,350.24) (4,179.30) (3,628.90)
Other Comprehensive Income (OCI), Net of Tax
Items not Reclassified Subsequently to Profit/Loss 5.46 - 93.17 (9.59) -
- Re-measurement Gain/(Loss) on Defined Benefit Plans (0.23) 1.26 1.12 (3.28) (2.33)
Other Comprehensive Income/(Loss) for the Period/Year 5.22 1.26 94.29 (12.87) (2.33)
Total Comprehensive Loss for the Period/Year, Net of Tax (605.78) (562.83) (2,255.95) (4,192.17) (3,631.23)

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