Mumbai: Hyundai Motor India Limited (HMIL) is proposing to undertake an “Initial Public Offering” (IPO) of its Equity Shares priced at between Rs 1,865 to Rs 1,960 per share – aggregating Rs 27,870 crores — from October 15, 2024 to October 17, 2024.
HMIL is part of the Hyundai Motor Group, which is the third largest auto OEM in the world based on passenger vehicle sales in CY2023, according to a CRISIL Report.
Describing India as the world’s most exciting and top key market for Hyundai, Unsoo Kim, Managing Director, HMIL, said HMIL is future ready for industrial transformation with eye on emerging markets and intends to position itself as the global export hub.
Replying to questions, he said HMIL’s future Revenue Mix (both domestic and export) comes to about 80/20 (volume base) and the Company is looking to increase this. “This IPO will provide an opportunity for both local and global investors to become part of HMIL’s growth story,” he added.
Tarun Garg, Chief Operating Officer, HMIL, said the Revenue from HMIL’s Operations amounted to Rs 698 billion with 13% EBITDA margin. Noting that HMIL has been the export leader for two decades, he said Hyundai’s creativity witnessed the “SANTRO” being developed in 1998 to even prevent the Indian women’s sarees from getting +creased.+
HMIL plans to develop into an SUV and EV Hub while increasing its present 824k annual production capacity to 1.1 million in its PV manufacturing plant, he said, adding “We have very strong strategies in place as India has a huge market potential for SUVs in which HMIL’s contribution is presently 68% of the Indian market.”
Noting that HMIL’s SUV penetration in India’s rural areas is increasing, he said the Company was also focusing on the need to be present in every segment of the industry
The Equity shares of the Company are proposed to be listed on BSE Limited and the National Stock Exchange of India (NSE).
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, HSBC Securities and Capital Markets (India) Private Limited, J.P. Morgan India Private Limited and Morgan Stanley India Company Private Limited are the Book Running Lead Managers (BRLMs) to the Offer.
