Hyundai Motors IPO applying window is closed today, its was open from 15-17 October. Investors those applied for IPO are eagerly awaited for allotment. Hyundai Motors IPO Allotment status will be updated on 18th October. here is quick guide to check allotment status.
| Table Of Content |
|---|
| Hyundai Motors IPO Key Details |
| Hyundai Motors IPO Allotment Status- Steps To Check Allotments |
| Refund Initiation and Share Credit |
| Grey Market Premium And Listing Gain |
| Company Overview |
Hyundai Motors IPO Key Details
Price Band: ₹1865 to ₹1960 per share
Issue Size: ₹27,870.16 crores
IPO Dates:
- Subscription: October 15 to October 17, 2024
- Allotment Finalization: October 18, 2024
Hyundai Motors IPO Allotment Status- Steps To Check Allotments
Registrar’s Website (KFin Technologies):
- Visit the Allotment Page: You can check the allotment status directly on the KFin Technologies portal.
- Steps:
- Select “Hyundai Motors IPO” from the list of available IPOs.
- Enter your PAN number, application number, or DP Client ID.
- Click “Search” to see your allotment result on below website.
- Link – https://kfintech.com
BSE Website:
- Visit the BSE IPO Allotment Page.
- Enter the issue name, application number, and PAN number.
- Click “Search” to view your allotment status.
- Link – https://www.bseindia.com/investors/appli_check.aspx
Refund Initiation and Share Credit:
- Refunds for unsuccessful applications will be processed starting October 21, 2024.
- For those who have been allotted shares, credits to the Demat account will also occur on October 21, 2024, ensuring that you prepared for the IPO listing on the BSE and NSE on October 22, 2024.
Grey Market Premium And Listing Gain
The Hyundai Motors IPO Grey Market Premium (GMP) has been fluctuating, recently dipping to a range of ₹20 to ₹30, which indicates flat to minimal listing gains. Initially, the GMP was at around ₹165, but the decline suggests that market sentiment has cooled off. This lower premium signals that investors are not expecting significant upside at the time of listing, with possible gains staying close to the issue price of ₹1,960.
Company Overview
Hyundai Motor India Ltd. has several strengths that make it a leading automotive company and a potentially attractive investment:
- Market Leadership: Hyundai is the second largest automobile manufacturer in India, with well-established brand reputation. The company commands a significant share in both the hatchback and SUV segments, which are highly popular in India​.
- Diverse Product Portfolio: Hyundai offers a wide range of vehicles, including sedans, hatchbacks, SUVs, and electric vehicles (EVs). Key models such as the Creta, Venue have strengthened its presence across different market segments​.
- Technological Advancements: The company invests heavily in R&D, producing feature-rich and technologically advanced cars. Hyundai has also made strides in electric mobility, with the Ioniq 5 being one of its flagship EV models.
- Strong Manufacturing Capacity: Hyundai’s plant in Chennai is one of the most advanced in India, with high output and export capabilities. The company also exports to several international markets, including Africa, the Middle East, and neighboring countries​.
- Financial Health: Hyundai has demonstrated strong financial performance with consistent profitability, making it a reliable investment in the long term. This is especially significant in the context of its planned IPO.
Fianancial Performance – 2022-2023
Hyundai Motor India Financial Performance Comparison
| Metric | FY 2022 | FY 2023 | Growth (%) |
|---|---|---|---|
| Turnover | ₹47,244 crore | ₹60,000 crore | +27% |
| Net Profit | ₹2,855 crore | ₹4,653 crore | +63% |
| Total Units Sold (Domestic) | 5.63 lakh units | 7.27 lakh units | +18% |
| Exports | 1.13 lakh units | 1.34 lakh units | +18.4% |
| Key Contributing Models | Creta, Venue | Creta, Venue, Alcazar, Ioniq 5 | N/A |
| Planned EV Investment | N/A | ₹20,000 crore | Major focus shift towards EVs |