Wed Oct 09 03:41:20 UTC 2024: ## Hyundai Motor India IPO: Price Band Fixed, Subscription Opens Next Week

**New Delhi:** The much-anticipated Initial Public Offering (IPO) of Hyundai Motor India is set to launch next week, with the price band for the offering now fixed. The IPO will offer shares at a price between ₹1865 and ₹1965 per share, and will raise a total of ₹27,870.16 crore.

The IPO will not issue any new shares, instead, the offering will see the parent company selling existing shares. The grey market premium (GMP) is currently at ₹147 per share, representing a 7.5% premium over the upper price band. However, market experts advise investors to base their decisions on the company’s financial health rather than relying solely on grey market signals.

**Key IPO Details:**

* **Price Band:** ₹1865 – ₹1965 per share
* **Lot Size:** 7 shares
* **Employee Discount:** ₹186 per share
* **Subscription Period:** October 15-17 (October 14 for anchor investors)
* **Anchor Investors Allocation:** ₹8,315.28 crore
* **Issue Category Allocation:** 50% Qualified Institutional Buyers (QIB), 15% Non-Institutional Investors (NII), 35% Retail Investors
* **Final Allotment:** October 18
* **Listing:** BSE and NSE on October 22
* **Registrar:** KFin Technologies

Hyundai Motor India is the country’s second largest Original Equipment Manufacturer (OEM) and the second largest exporter of passenger vehicles. It holds a 14.6% market share in the domestic market. The company sold 64,201 units in September, down 10% year-on-year. Its year-to-date sales for 2024 are approximately flat at 5.77 lakh units.

**Financial Performance:**

* Net profit for FY22: ₹29.02 crore
* Net profit for FY23: ₹47.09 crore
* Net profit for FY24: ₹60.60 crore
* Revenue CAGR over the past three years: Over 14%
* Q1 FY25 (April-June 2024): Net profit ₹14.90 crore, Revenue ₹175.68 crore

This IPO presents an opportunity for investors to gain exposure to the growing Indian automotive industry. However, investors are advised to conduct thorough research and evaluate the company’s fundamentals before making any investment decisions.

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