Hyundai Motor India Limited IPO- Check Issue Date, Price, Listing date

Hyundai Motor India Limited IPO- Check Issue Date, Price, Listing date,The IPO is an offer for sale by Hyundai Motor Company, the promoter and selling

 

Hyundai Motor India Limited (HMIL) is a subsidiary of Hyundai Motor Company, South Korea's largest automaker. Established in 1996, HMIL is the second-largest car manufacturer in India, after Maruti Suzuki. It has a diverse product range, including sedans, SUVs, hatchbacks, and electric vehicles. HMIL is known for its strong manufacturing capabilities, technological advancements, and wide distribution network. It is also the largest exporter of passenger vehicles from India.

Key Points:

• Second-largest auto OEM in India
• Largest exporter of passenger vehicles in India
• Diverse product range: 13 models, including sedans, SUVs, hatchbacks, and electric vehicles
• Strong manufacturing capabilities and technological advancement
• Wide distribution network: 1,366 sales outlets and 1,550 service centers across India

Recent Developments:

• Hyundai Creta Electric: HMIL is developing an electric version of its popular SUV, the Hyundai Creta. This is expected to boost its presence in the growing Indian electric vehicle market.
• IPO Plans: HMIL is planning to launch an IPO in India around Diwali 2024. This is expected to raise significant capital and enhance its valuation.

Hyundai Motor India Limited IPO:

The Hyundai Motor India Limited IPO is expected to launch around Diwali 2024. This is a main-board IPO, where the company will offer 14.22 crore equity shares to the public. The face value of each share is ₹10.

Key Points:

• IPO Type: Main-board IPO
• Shares Offered: 14.22 crore equity shares
• Face Value: ₹10 per share
• Listing: BSE and NSE
• Registrar: Kfin Technologies Limited

IPO Status:

• Open and Close Dates: Yet to be announced
• Price Band: Yet to be announced
• Lot Size: Yet to be announced

Company Overview:

• Second-largest auto OEM in India
• Largest exporter of passenger vehicles in India
• Diverse product range: 13 models, including sedans, SUVs, hatchbacks, and electric vehicles
• Strong manufacturing capabilities and technological advancement
• Wide distribution network: 1,366 sales outlets and 1,550 service centers across India

Objectives of the IPO:

• Capitalize on the growing Indian automotive market
• Enhance valuation and attract a broader investor base
• Address the "Korea discount" phenomenon

Important Notes:

• The IPO is an offer for sale by Hyundai Motor Company, the promoter and selling shareholder.
• The company will not receive any proceeds from the sale.
• The IPO is expected to launch around Diwali 2024, a period known for favorable market conditions.

For more detailed information, please refer to the Hyundai Motor IPO DRHP.

Disclaimer: This information is based on publicly available sources and may not be entirely accurate or up-to-date. It is recommended to consult with a financial advisor before making any investment decisions.