IPO of 27870 Crore rupees: Hyundai Motors India Ltd
IPO Details
Issue Size : ₹27870.16 Crore
Shares : 142,194,700 (17% of total sharing)
IPO type : OFS (Offer for Sale)
IPO issue date : 15 to 17 October 2024
Price Band : ₹1865 to ₹1960 per share
Listing Markets : NSE & BSE
To get allotment and know hot to apply for IPO, must read : How to get sure allotment of IPO
Company Overview
The Hyundai Motors India Ltd (HMIL) is a subsidiary company of Hyundai Motors headquartered in South Korea. In India Hyundai Motors is the 2nd largest car manufacturer. Hyundai Motor is a globally recognized automobile manufacturer and establish their business over 200 countries. The market capitalisation of Hyundai Motors as on October 2024 is ₹3.84 trillion in last year 2023 total market capitalisation was 3.0 trillion which is increased at the rate of 23%. Company has 2 manufacturing units and both are in Tamil Nadu – Chennai. Company have 700 dealers and more than 1500 service points in India.
Journey of Hyundai Motors (How he became 2nd Largest Automobile Manufacturing Company in India). When Hyundai entered into Indian market there were only major 5 automobile manufacturers Maruti, Tata, Premier, Mahindra and Hindustan. Before the entry of Hyundai in India Maruti Suzuki had near to monopoly in passenger viechle in India.
Financial Highlights:
| Period Ended | 31-Dec-2023 | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 |
|---|---|---|---|---|
| Assets | 32,488.34 | 34,573.34 | 28,358.06 | 26,730.57 |
| Revenue | 53,298.09 | 61,436.64 | 47,966.05 | 41,404.65 |
| Profit After Tax | 4,382.87 | 4,709.25 | 2,901.59 | 1,881.16 |
| Net Worth | 19,777.92 | 20,054.82 | 16,856.26 | 15,311.34 |
| Reserves and Surplus | 18,965.38 | 19,242.28 | 16,043.71 | 14,498.80 |
| Total Borrowing | 784.48 | 1,158.60 | 1,140.03 | 1,341.75 |
| Amount in ₹ Crore | ||||
- Market Share – Company have domestic market share of 16% and export mix market share of 25%.
- Revenue and Profit Margins – In financial year 2023 total revenue was ₹60307 Crore
- Net Profit : Hyundai Motors India Ltd reports net profit of ₹4709.25 Crore in financial year 2023 which is grown by 62.3% compare to last year’s net profit.
- Net worth of the Hyundai Motors India Ltd has increased by 18.89%.
- Total assets of the company has also increased by 37.68%
- Liabilities of the company has also increased by 29%.
Objective of IPO
Hyundai Motors India Ltd has main objective of this IPO is OFS means offer for sales. Company will not get money from IPO for its operations but actually money will go to the shareholder who is selling shares.
Risks and Strength Analysis
Strengths
- Hyundai Motors India Ltd is the topmost company in automobile sector in India and no 1 in exporter passengers vehicle.
- Company has more than 1300 sale outlets in India and 1550 service stations across India.
- Company has strong export vehicle and exports in 150+ countries.
Risks
- Rising in parts prices may harm sale and profitability of the company.
History or Key Events of Hyundai Motors India Ltd.
1996 : HMIL is formed on 6th May 1996 in India and on 10th December 2024 a Plant Inauguration ceremony was done at Chainnai.
1998 : 23 September 1998 Hyundai Motors India Ltd launch its first car in India which is Hyundai Santro.
1999 : 31st March 1999 Hyundai Motor India Ltd established as the second largest auto-manufacturer in India.
2000 : In June 2000 Hyundai Santro crosses mark of 100,000 car sales and In November Company Roll out of the 1,50,000th car from Chennai Plant in just 25 months.
2001 : Company launched its luxury Sedan car Sonata and it’s both Santro & Accent cars ranked No. 1 in JD Power Asia Pacific 2001 “APEAL” study.
2004 : Hyundai Motors India Ltd crossed the figure of 1, 00,000 vehicles export and become the largest exporter in the automobile industry.
2006 : Company has crossed the mark of 10,00,000th cars manufacturing and Tucson awarded as “SUV of the Year 2006” by NDTV Profit-Car India awards 2006. Launch of Hyundai Verna Petrol & Diesel also done in 2006
2010 : Record domestic sales of 34,725 units in Oct, 2010 and achieves fastest 20 lakh car production in a span of 12 years.
2015 : Hyundai Motors India Ltd launch VERNA. Also in 2015 company awarded by NDTV CNB Awards – 2016 “Compact SUV of the Year – CRETA”
2017 : Hyundai Motor India Crosses 10 Million Fans on Facebook
2019 : Hyundai Motor India Limited wins ‘Indian Manufacturer of the Year – 2019’ and ‘Smart Factory Awardon Mark in 10 years
2021 : Hyundai Motor India launches the Most Awaited Versatile, Premium, 6 and 7 Seater SUV - Hyundai ALCAZAR
Disclaimer
This article has been written for educational purpose only and well researched. We are not SEBI registered analyst’s . Readers must consult qualified financial advisor before investing the money. The information we are showing are taken from various sources over the internet. This content is well researched before the publication.
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