The highly anticipated Hyundai Motor India initial public offering (IPO) has entered its second day, with investors showing keen interest in the ₹2,780 crore issue. As of 10:00 AM IST, the overall subscription status stands at 0.47 times, with the retail portion subscribed 0.53 times, QIB portion at 0.21 times, and NII portion at 0.34 times.
Market analysts remain optimistic about the issue, citing Hyundai Motor India’s strong market presence and growth prospects. The company’s financial performance, with revenue reaching ₹44,332 crore and net profit of ₹1,442 crore in FY2022, has also bolstered investor confidence.
The Grey Market Premium (GMP) for Hyundai Motor India IPO continues to hold strong, currently ranging between ₹20-25 per share. This positive sentiment in the grey market indicates a potential listing gain for investors.
Hyundai Motor India Limited, a subsidiary of Hyundai Motor Company, South Korea, has established itself as the second-largest passenger vehicle manufacturer in India. With a diverse product portfolio and extensive dealership network, the company has cemented its position in the Indian automotive market.
Despite intense competition in the industry, Hyundai Motor India’s valuation appears reasonable, considering its financial performance. However, regulatory changes, policy risks, and global economic uncertainties remain potential risk factors.
Investors can bid for the IPO through online and offline channels, with a minimum bid of 85 equity shares and a maximum bid of 13,025 equity shares for retail investors. Payment options include ASBA and UPI.
As the IPO progresses, market participants will closely watch the subscription status, GMP, and expert reviews. Hyundai Motor India’s listing date is yet to be announced.
In the meantime, investors can access the IPO prospectus for detailed information on the issue.
The Hyundai Motor India IPO has generated significant interest among investors, and its success will be closely watched by market analysts and industry experts.
About Hyundai Motor India
Hyundai Motor India Limited is a leading player in the Indian automotive market, with a market share of 17.1% in FY2022. The company’s product portfolio includes popular models such as the Hyundai i10, i20, Creta, and Tucson.
Financial Performance
Hyundai Motor India’s financial performance has been impressive, with revenue growing steadily over the years. The company’s net profit margin has also shown significant improvement.
The Indian automotive market is expected to grow steadily, driven by increasing demand for passenger vehicles. Hyundai Motor India is well-positioned to capitalize on this growth, given its strong brand presence and extensive dealership network.
nvestors are eagerly awaiting the outcome of the Hyundai Motor India IPO, with many expecting a strong listing gain. The company’s financial performance and growth prospects have generated significant interest among investors.
