Hyundai IPO GMP 2024: Grey Market Premium Is 30.

Hyundai Company Overview

Hyundai IPO Financial Details

Hyundai IPO Important Dates

Hyundai IPO GMP

Hyundai IPO Quota Details

Hyundai IPO Discount For Employees

Hyundai IPO Future Outlook

Company Overview

Hyundai Motor India Ltd is the Indian arm of South Korea’s Hyundai Motor Company, one of the leading automobile manufacturers globally. Established in 1996, Hyundai has grown to become India’s second-largest carmaker by sales, trailing only Maruti Suzuki. Known for its diverse range of passenger vehicles, Hyundai enjoys significant market penetration through models like the Creta, i20, and the Venue. The company is known for its innovative technology, offering electric vehicles (EVs) alongside traditional internal combustion engine (ICE) models, positioning it at the forefront of India’s evolving automotive market.

Hyundai IPO Financial Details

Hyundai Motor India is set to launch an initial public offering (IPO) valued at ₹25,000 crore (approximately $3 billion) on October 14, 2024. This IPO will be the largest public offering in India since the Life Insurance Corporation (LIC) IPO in 2022, which raised ₹21,000 crore. The offering will be entirely an offer-for-sale (OFS) by the promoter, Hyundai Motor Company, meaning no fresh shares will be issued, and Hyundai Motor India will not receive any direct proceeds from the sale. The company plans to dilute a 15-20% stake through the IPO.

Important Dates

• Anchor investor bidding: October 14, 2024
• Public subscription: October 15 to October 17, 2024
• Allotment finalization: October 18, 2024
• Shares credited: October 21, 2024
• Listing on BSE and NSE: October 22, 2024

Quota Details

The Hyundai Motor India IPO, set to open between October 15 and 17, 2024, will have a specific allocation for various categories of investors. Up to 50% of the issue reserved for Qualified Institutional Buyers (QIBs), at least 15% for Non-Institutional Investors (NIIs), and 35% for retail investors.

Additional Discount For Employees

Hyundai Motor India is offering a discount to eligible employees as part of its upcoming IPO. Employees will get a discount of ₹186 per share, which can apply while subscribing to the shares during the IPO. The price band for public is set between ₹1,865 and ₹1,960 per share. The IPO will open for subscription on October 15, 2024, and close on October 17, 2024,​

Hyundai IPO GMP

Date	GMP
15 Oct 2024	30
11 Oct 2024	95
10 Oct 2024	150

Maximum Lot Size To Apply

Company Financials

As outlined in the draft red herring prospectus (DRHP), Hyundai Motor India’s financials highlight solid performance. For the nine months ending December 31, 2023, the company reported revenues of ₹32,488.34 crore, with a net profit of ₹4,382.87 crore. The company’s profitability remains strong, with a profit margin of around 13.5%. These figures place Hyundai in a robust financial position ahead of its IPO, making it an attractive proposition for investors​.

Procedure to Apply For IPO

1. Open a Demat and Trading Account

• If you don’t have one already, you’ll need to open a Demat and trading account with a stockbroker or financial institution. This is required to hold and trade shares electronically.
• You can open an account with brokers like Zerodha, Upstox, Angel One, etc., or through banks like HDFC, ICICI, etc.

2. Check IPO Details

• Get all the relevant details of the Hyundai Motors IPO, such as:
  • Issue price
  • Lot size
  • IPO dates
  • Grey Market Premium (GMP)

3. Log in to your Broker Account

• Log into your trading account through the broker website or mobile app.
• Go to the IPO section.

4. Choose Hyundai Motors IPO

• Select the Hyundai Motors IPO from the list of available IPOs.
• Make sure to check the opening date and apply within the application window.

5. Place Your Bid

• Select the number of lots (shares) you wish to apply for.
  • Minimum bid: You have to bid for at least 1 lot (which is a fixed number of shares).
  • Maximum bid: Retail investors can apply for shares worth up to ₹2 lakhs.
• You will also need to enter your bid price. You can bid at the cut-off price or within the price range specified in the IPO.

6. Use ASBA (Application Supported by Blocked Amount)

• The amount for the application will be blocked in your bank account using the ASBA facility (this is available through your broker or bank).
• Your bank will block the funds, but they will not be deducted until the shares are allotted.

7. Submit and Confirm

• After placing the bid, confirm your application. You will receive a transaction number or confirmation message for your application.
• You may receive a mandate request from your bank for UPI payment, which you need to approve (if you’re using UPI).

Outlook

Hyundai Motor India’s future looks promising, thanks to the company’s strong market position and strategic focus on innovation. The automobile industry in India is undergoing a significant transformation, with increasing demand for EVs and hybrid models. Hyundai has already introduced electric vehicles like the Kona Electric in India and plans to expand its EV lineup in the coming years. Moreover, the government’s push toward green energy and stricter emission norms is expected to accelerate the adoption of EVs, further benefiting Hyundai’s growth strategy.

In addition to EVs, Hyundai continues to capitalize on the growing demand for SUVs in India, with its Creta and Venue models leading sales in this category. The company is also eyeing opportunities in autonomous driving technology and connected cars.

---

Frequently Asked Questions – FAQ

1. When is the Hyundai Motor IPO opening and closing?

• IPO opens on October 15, 2024, and closes on October 17, 2024,​

2. What is the price band for the Hyundai Motor IPO?

• The price band is ₹1865 to ₹1960 per share​.

3. How to apply for the Hyundai Motor IPO?

• You can apply through your bank using ASBA (Application Supported by Blocked Amount) or through brokers like Zerodha, angel one, Kotak etc. payment mode is UPI.

4. When will the IPO shares will list?

• The shares will list on the stock exchange on October 22, 2024,​

5. What is the Grey Market Premium (GMP) for the Hyundai Motor IPO?

• The Grey Market Premium (GMP) is cannot officially track but we can be check on platforms tracking GMP trends. as of today, GMP is 55 per share.

---

Related Articles –

Garuda Construction & Engineering IPO : Set for Launch on October 8: No grey Market Premium As Of Now