Wed Oct 09 14:17:47 UTC 2024: **Summary of Hyundai IPO News Article:**

1. **IPO Launch Details**: Hyundai Motor’s initial public offering (IPO) of approximately ₹28,000 crore will open on October 15, 2024, and close on October 17, 2024.

2. **Pricing Information**: The price band for the IPO is set between ₹1865 to ₹1960 per share.

3. **Significance**: This IPO is noted as the largest in India’s history, ahead of other major IPOs including LIC, Paytm, Coal India, and GIC.

4. **Market Position**: In the automobile sector, Maruti is the leading company, while Hyundai ranks second. Maruti’s domestic sales are around 1.85 million vehicles compared to Hyundai’s 614,721 vehicles.

5. **Financial Performance**:
– For FY 2024, Hyundai’s revenue was ₹69,829 crore with a profit of ₹6,060 crore, resulting in a margin of 11.50%.
– In comparison, Maruti’s revenue was ₹141,858 crore with a profit of ₹13,755 crore and a margin of 10.30%.

6. **Earnings Per Share (EPS)**: Hyundai’s EPS stood at ₹74.58, significantly lower than Maruti’s ₹429.

7. **Market Capitalization**: Hyundai’s market cap is approximately ₹1.6 lakh crore, while Maruti’s is around ₹4 lakh crore. Hyundai is trading at a P/E ratio of 26.2x compared to Maruti’s 29.6x.

8. **Current Share Prices**: Hyundai shares are trading at ₹1960, while Maruti shares are priced at around ₹12,700.

This IPO presents a significant development in the Indian stock market and the automobile sector, positioning Hyundai in direct competition with Maruti.

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