Hyundai Motor India IPO: A Potential Record-Breaker in the Indian Market

Hyundai Motor Group, a South Korean multinational partnership, has long been a significant player in the automotive industry. The idea of Hyundai or its associates going public through an Initial Public Offering (IPO) has been a topic of interest for investors and industry analysts. However, as of my last update in 2023, Hyundai Motor Company is already a publicly traded entity, listed on the Korea Exchange (KRX) under the ticker 005380. This means that Hyundai Motor Company has already undergone the IPO process.

Potential Timeline For Hyundai IPO

• Though no confirmed dates exist, sources suggest the IPO will happen sometime in 2024. This includes an anticipated IPO filing with the market regulator, subscription period, allotment, and listing on the stock exchange.

Use of Funds:

• Since it’s an Offer for Sale (OFS), the proceeds from the IPO will go to the existing shareholders selling their shares, not Hyundai Motor India itself.

Valuation and Peers:

• The proposed valuation of Hyundai Motor India is estimated at $25-30 billion. This positions it competitively against listed peers like Maruti Suzuki and Tata Motors. Analysts will likely compare financials and key metrics to determine its attractiveness to investors.

Hyundai’s Key Public Entities

While Hyundai Motor Company is publicly sold, other associates and affiliated companies under the Hyundai Motor Group umbrella have also gone public or considered IPOs. For example:

• Hyundai Mobis: An auto parts company and a key affiliate, which is also publicly traded.
• Hyundai Glovis: A logistics company that plays a crucial role in Hyundai’s supply chain and is listed on the Korea Exchange.
• Hyundai Engineering & Construction: A construction and civil engineering company that is also publicly listed.

Historical Context

Hyundai Motor Company was established in 1967 and has since grown to become one of the largest automakers in the world. Its journey to becoming a public company started early, as it aimed to raise capital for expansion and development. Hyundai’s listing on the Korea Exchange allowed it to tap into the financial markets, facilitating its growth and global expansion.

Recent Developments

While there may not be immediate plans for new IPOs within the Hyundai Motor Group as of the latest information available, the company continues to explore various strategic options to enhance its market position and financial strength. Investors and market watchers keep a close eye on Hyundai’s announcements and strategic moves, anticipating potential IPOs or other significant financial activities.

Staying Updated

As the IPO process unfolds, keep an eye on financial news websites and business publications for the latest updates on the Hyundai Motor India IPO date, price range, and allotment details. You can also monitor information from the Securities and Exchange Board of India (SEBI).