Hyundai Motor India IPO - Issue Details, Investment Rationale, Financials, Risks And More: IDBI Capital

IDBI Capital Report

Hyundai Motor India Ltd. will launch its initial public offering on Oct. 15 and the offer closes for subscription on Oct. 17. The Rs 14.2 crore Ipo comprises of pure offer-for-sale component.

The company has fixed the price band in the range of Rs 1,865-1,960 apiece to raise up to Rs 27,870 crore. Bids can be made in the lot size of seven shares or multiples thereof.

Hyundai Motor India, the second-largest player in the Indian passenger vehicle market with a 15-18% market share, plans to invest Rs 200 billion over the next decade to boost production and increase battery capacity to 75,000 units annually by FY25.

With a production capacity of 824,000 units, Hyundai Motor India operates through 364 dealers and 1,377 sales points in India, it has the highest dealer satisfaction score at 852.

The company also exports to Latin America, Africa, and the Middle East, positioning itself well to capitalize on premiumisation and EV demand trends.

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