The Hyundai Motor IPO is set to be one of the most anticipated events in the stock market, with a book-built issue size of ₹27,870.16 crores. The IPO, which is entirely an offer for sale of 14.22 crore shares, will open for subscription on October 15, 2024, and close on October 17, 2024. Investors eagerly await the allotment announcement on October 18, 2024, and the shares are expected to be listed on the BSE and NSE on October 22, 2024.

Key Details of the Hyundai Motor IPO

• IPO Dates: October 15, 2024, to October 17, 2024
• Listing Date: October 22, 2024
• Price Band: ₹1,865 to ₹1,960 per share
• Minimum Investment Lot Size: 7 shares
• Total Issue Size: 142,194,700 shares (aggregating up to ₹27,870.16 crores)
• Offer for Sale: Entire issue of 142,194,700 shares
• Employee Discount: ₹186 per share

Investment Breakdown

The Hyundai Motor IPO is structured to cater to a broad investor base, including Qualified Institutional Buyers (QIBs), High Net-worth Individuals (HNIs), and Retail Investors. Here’s a closer look at the investment details:

• Retail Investors: Minimum lot size of 7 shares, requiring a minimum investment of ₹13,720.
• sNII Investment: 15 lots (105 shares), requiring an investment of ₹205,800.
• bNII Investment: 73 lots (511 shares), with a total investment of ₹1,001,560.

Hyundai Motor IPO Schedule (Tentative Timeline)

• IPO Open Date: October 15, 2024
• IPO Close Date: October 17, 2024
• Basis of Allotment: October 18, 2024
• Refund Initiation: October 21, 2024
• Credit of Shares to Demat: October 21, 2024
• Listing Date: October 22, 2024

About Hyundai Motor India Limited

Hyundai Motor India Limited (HMIL), founded in May 1996, is part of the Hyundai Motor Group, the world’s third-largest automobile original equipment manufacturer (OEM) by passenger vehicle sales. HMIL has a solid reputation for producing reliable and technologically advanced passenger vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs).

Key Models by Hyundai Motor India

• Sedans: Grand i10 NIOS, i20, i20 N Line, AURA, Verna, Elantra
• SUVs: Venue, Venue N Line, Creta, Creta N Line, Alcazar, Tucson
• Electric Vehicles (EVs): All-electric SUV Ionic 5

Financial Performance of Hyundai Motor India Limited

Hyundai Motor India has shown remarkable growth in its financials over the last few years, achieving consistent improvements in revenue and profitability.

Year	Revenue (₹ Cr.)	Profit After Tax (₹ Cr.)
FY2021	41,404.65	1,881.16
FY2022	47,966.05	2,901.59
FY2023	61,436.64	4,709.25
FY2024	71,302.33	6,060.04

Key Financial Ratios and Metrics

• EPS (Earnings Per Share): Average of ₹62.56 over the last three fiscal years
• RoNW (Return on Net Worth): 39.11%
• P/E Ratio: Priced at 26.28 based on FY2024 earnings
• P/BV Ratio: 13.11, based on the NAV as of June 30, 2024

Dividend Policy

Hyundai Motor India has a strong dividend history, reflecting its commitment to returning value to its shareholders. The dividend payouts have increased consistently over the past four years:

• FY2021: 167.30%
• FY2022: 183.80%
• FY2023: 572.70%
• FY2024: 1327%

Comparison with Listed Peers

Hyundai Motor India's competitors include Maruti Suzuki, Tata Motors, and Mahindra & Mahindra, which trade at P/E ratios of 27.5, 10.1, and 36.1, respectively. While these companies are in the same sector, the comparison on a like-for-like basis may not be entirely fair due to different market dynamics and growth strategies.

Strategic Insights and Investment Outlook

The Hyundai Motor IPO stands out as a strategic move to unlock the company’s valuation and offer listing benefits. The company's strong foothold in both domestic and export markets, coupled with its ongoing expansion plans, indicates promising growth potential. Investors looking for medium to long-term gains might find this IPO an attractive opportunity.

Conclusion:

The Hyundai Motor IPO is more than just a financial event; it's a significant step in the company’s journey to expand its market reach and enhance its brand visibility. Given its consistent financial performance, robust growth plans, and competitive edge in the automotive industry, this IPO is positioned as a sound investment for both seasoned investors and new entrants. 

As Hyundai continues to lead in innovation and technology, participating in this IPO could be a valuable addition to one's investment portfolio.