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Hyundai Motor IPO
Price Band
₹1865.0–1960.0
Issue Size
₹27858.75 Cr
Lot Size
7 shares
Min Investment
₹13,720
GMP
+₹62.0 (3.16%)
Issue Price
₹1960.0
Subject to Sauda
₹300
Paid only if allotted
Hyundai Motor IPO AI Summary
- Hyundai Motor IPO is listed on BSE, NSE in the Passenger Cars & Utility Vehicles sector.
- Price band: ₹1865.0–₹1960.0 per share, lot size 7 shares (min. investment ₹13,720).
- Subscription window: 15 Oct–17 Oct 2024, listing on 22 Oct 2024.
- Current GMP is +₹62.0 (3.16%), an estimated listing price of ₹2022 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Hyundai Motor IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 17 Oct 2024 — not a current signal.
16 of 20 reviewers say Positive
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Hyundai Motor IPO Grey Market Premium (GMP) Today
GMP
+₹62.0
GMP %
+3.16%
Est. Listing
₹2022.0
Updated: 25 Jul 2026 14:03
About the Company
Incorporated in May 1996, Hyundai Motor India Limited is a part of the Hyundai Motor Group, which is the third largest auto original equipment manufacturer ("OEM") in the world based on passenger vehicle sales. The company manufactures and sells reliable, feature-rich, and innovative four-wheeler passenger vehicles backed by the latest technology. The company also manufactures parts such as transmissions and engines. The company provides mobility solutions, operating a network of 1,366 sales points and 1,550 service points across India. As of March 31, 2024, the company has sold nearly 12 million passenger vehicles in India and through exports. The company manufactures and sells four-wheeler passenger vehicles, including models such as sedans, hatchbacks, SUVs, and electric vehicles (EVs). The company's models include the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5. As of December 31, 2023, the company had partnered with 363 dealer companies for distribution and sales in India. HMIL's manufacturing plant is situated near Chennai can produce its full range of vehicle models. The company exports its products to Africa, the Middle East, Bangladesh, Nepal, Bhutan, and Sri Lanka.
Company Financials (₹ Cr)
As of 2024-06-30
| Period Ended | 30 Jun 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 25,370.24 | 26,349.25 | 34,573.34 | 28,358.06 |
| Total Income | 17,567.98 | 71,302.33 | 61,436.64 | 47,966.05 |
| Profit After Tax | 1,489.65 | 6,060.04 | 4,709.25 | 2,901.59 |
| NET Worth | 12,148.71 | 10,665.66 | 20,054.82 | 16,856.26 |
| Reserves and Surplus | 11,336.17 | 9,853.12 | 19,242.28 | 16,043.71 |
| Total Borrowing | 758.14 | 767.92 | 1,158.60 | 1,140.03 |
Key Ratios
EPS
₹74.58
NAV
₹149.52
ROCE
13.69%
RoNW
12.26%
P/B Value
14.93
P/E Ratio
26.28
Market Cap
₹159258.06 Cr
PAT Margin
8.50%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Mahindra & Mahindra Ltd. | 594.08 | 17.02% | 29.96 | 101.14 | 100.7 |
| Tata Motors Ltd. | 221.67 | 36.98% | 11.36 | 81.96 | 81.89 |
| Maruti Suzuki India Ltd. | 2723.77 | 15.75% | 29.38 | 429.01 | 429.01 |
| Hyundai Motor India Limited This IPO | 131.26 | 56.82% | — | 74.58 | 74.58 |
Promoters
Hyundai Motor Co
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 The company will not receive any proceeds from the Offer (the “Offer Proceeds”) and all the Offer Proceeds will be received by the Promoter Selling Shareholder.
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹47,966.05 Cr in the year ending 31 Mar 2022, rising to ₹61,436.64 Cr by 31 Mar 2023, and further increasing to ₹71,302.33 Cr by 31 Mar 2024. However, the most recent figure of ₹17,567.98 Cr as of 30 Jun 2024 is for a 9-month period, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹2,901.59 Cr in the year ending 31 Mar 2022, increasing to ₹4,709.25 Cr by 31 Mar 2023, and further rising to ₹6,060.04 Cr by 31 Mar 2024. The latest figure of ₹1,489.65 Cr as of 30 Jun 2024 is also for a 9-month period, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 26.28 times trailing earnings, versus peers trading at a P/E range of 11.36 to 29.96.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO based on unofficial trading in the grey market before the stock is officially listed. A positive GMP suggests that the stock is likely to list above its issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company's growth potential, market position, and overall industry trends.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings may want to avoid this IPO, as the automotive sector can be subject to economic cycles and changing consumer preferences.
Listing Gains — The Risk
Listing gains are the potential profits an investor can make on the first day of trading after an IPO. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-listing.
This evaluation is generated from Hyundai Motor's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Hyundai Motor IPO GMP today?
Hyundai Motor IPO GMP today is +₹62.0 (3.16%), indicating an estimated listing price of ₹2022. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Hyundai Motor IPO?
The price band of Hyundai Motor IPO is ₹1865.0–₹1960.0 per share.
When does Hyundai Motor IPO open and close?
Hyundai Motor IPO opens on 15 October 2024 and closes on 17 October 2024.
When does Hyundai Motor IPO list on the stock exchange?
Hyundai Motor IPO listed on 22 October 2024 at ₹2022.0.
What is the lot size for Hyundai Motor IPO?
The lot size for Hyundai Motor IPO is 7 shares, requiring a minimum investment of ₹13,720.
What is the price band for the IPO?
The price band for the IPO is ₹1865.0 to ₹1960.0.
What is the lot size for the IPO?
The lot size for the IPO is 7 shares.
What is the minimum investment required?
The minimum investment required is ₹13,720.0.
When does the IPO open and close?
The IPO opens on 15 October 2024 and closes on 17 October 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
15 Oct 2024
Close
17 Oct 2024
Allotment
18 Oct 2024
Listing
22 Oct 2024
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