Hyundai IPO GMP: Price, Date, GMP and all details you need to know before investing
Hyundai IPO GMP: Hyundai Motor India Ltd is set to launch India's largest IPO, aiming to raise Rs 27,870 crore, marking the first automotive IPO in over two decades. As the country’s second-largest carmaker, Hyundai's entry into the stock market is poised to reshape the Indian automotive landscape, challenging the long-standing dominance of Maruti Suzuki.
Hyundai Motor India Ltd (HMIL) is making headlines with its upcoming IPO, aiming to raise Rs 27,870 crore—marking it as India’s largest IPO since Maruti Suzuki’s in 2003. Here’s a breakdown of key points from the information provided:
Hyundai IPO Details
IPO Date : October 15, 2024 to October 17, 2024
Listing Date : October 22, 2024
Face Value: ₹10 per share
Price Band: ₹1865 to ₹1960 per share
Lot Size: 7 Shares
Total Issue Size: 142,194,700 shares
(aggregating up to ₹27,870.16 Cr)
Offer for Sale: 142,194,700 shares of ₹10
(aggregating up to ₹27,870.16 Cr)
Employee Discount: Rs 186 per share
Listing At: BSE, NSE
Share holding pre issue: 812,541,100
Share holding post issue: 812,541,100
Hyundai Motor Day-wise IPO GMP Trend
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
|---|---|---|---|---|---|
| 13-10-2024 | 1960.00 | ₹67 | 400/6000 | ₹2027 (3.42%) | 13-Oct-2024 8:55 |
| 11-10-2024 | 1960.00 | ₹75 | 400/6000 | ₹2035 (3.83%) | 11-Oct-2024 23:00 |
| 10-10-2024 | 1960.00 | ₹132 | 700/10500 | ₹2092 (6.73%) | 10-Oct-2024 23:25 |
| 09-10-2024 | 1960.00 | ₹175 | 900/13500 | ₹2135 (8.93%) | 9-Oct-2024 23:23 |
| 08-10-2024 | 1960.00 | ₹147 | 800/12000 | ₹2107 (7.5%) | 8-Oct-2024 23:32 |
Market Valuation
- Maruti Suzuki: Valued over Rs 4 lakh crore, with shares at Rs 12,943.30 on the NSE.
- Hyundai Motor India: Expected post-IPO valuation around Rs 1.6 lakh crore.
Dividend Comparison
- Maruti Suzuki: Dividend yield of 0.97%, with a recent payout of Rs 125 per share.
- Hyundai Motor India: Paid over Rs 10,000 crore in dividends for FY24, including a special dividend of Rs 13,270 per share.
Key Financials
- Maruti Suzuki:
- Q1 FY25 net profit of Rs 3,650 crore, up 47% YoY.
- Revenue rose by 9.9% to Rs 35,531.4 crore.
- EBITDA increased by 49.1%, with operating margins at 12.5%.
- Hyundai Motor India:
- FY24 net profit of Rs 6,060 crore, a 28.7% increase.
- Revenue grew by 15.8% to Rs 69,829 crore.
Sales Performance
- Maruti Suzuki: Total sales up 2% YoY in September, but domestic sales down 4%. Exports surged by 23%.
- Hyundai Motor India: Total sales down 10% YoY in September, with a 6% drop in domestic sales and a 25% decline in exports.
Face Value
- Hyundai Motor India: Shares with a face value of Rs 10 each.
- Maruti Suzuki: Shares with a face value of Rs 5.
