The Hyundai Motor India Share Prediction 2030 has drawn significant attention as one of the largest IPOs in the automobile sector. Known for its wide range of reliable and innovative vehicles, Hyundai Motor India seeks to leverage this IPO to solidify its market leadership and enhance its operational and technological capabilities. Below, we provide a detailed breakdown of the IPO, its objectives, and potential market performance.
IPO Details
- IPO Opening Date: October 15, 2024
- IPO Closing Date: October 17, 2024
- Issue Price: ₹1960.00 per share
- Lot Size: 7 shares
- Total Issue Size: ₹27,870.16 Crores
- Listing on: BSE, NSE
Company Background: Hyundai Motor India Limited
Hyundai Motor India Limited is a subsidiary of Hyundai Motor Company, a global leader in the automobile industry. Established in 1996, the company has grown to become the second-largest car manufacturer in India, with a reputation for innovation, affordability, and sustainability. Hyundai’s diverse portfolio includes electric vehicles (EVs), hybrids, and advanced internal combustion engine vehicles, addressing a wide range of consumer needs.
The funds raised through this IPO aim to fuel the company’s R&D initiatives, expand production capacity, and strengthen its footprint in the EV market.
Objectives of the IPO
- EV Expansion: Enhance the development and manufacturing of electric vehicles.
- Capacity Enhancement: Expand production facilities to meet increasing demand.
- Debt Reduction: Improve financial stability by reducing existing liabilities.
- Technology Investments: Strengthen R&D for next-generation automobile technologies.
Financial Performance and Yearly Predictions
| Year | Predicted Share Price (INR) |
|---|---|
| 2024 | ₹2100 |
| 2025 | ₹2300 |
| 2026 | ₹2600 |
| 2027 | ₹3000 |
| 2028 | ₹3500 |
| 2029 | ₹4000 |
| 2030 | ₹4500 |
The above predictions reflect Hyundai Motor India’s strong growth trajectory, driven by its leadership in the EV and automobile sectors.
Subscription and Grey Market Premium Details
| Category | Subscription Status |
|---|---|
| Retail Investors | 12.45x |
| Qualified Institutional Buyers (QIB) | 18.70x |
| Non-Institutional Investors (NII) | 14.80x |
- GMP for Hyundai Motor India Limited: ₹250
For IPO Listing Date and Price Expectations:
- Expected Listing Date: October 22, 2024
- Expected Listing Price: ₹2200 – ₹2300
The robust subscription figures and high Grey Market Premium underscore the confidence of investors in Hyundai Motor India’s growth potential.
Conclusion: Is Hyundai Motor India Limited a Good Investment?
The Hyundai Motor India Limited IPO presents a significant opportunity for investors aiming to capitalize on the booming EV market and the company’s established presence in the automobile industry. With a clear focus on innovation, sustainability, and expansion, Hyundai is well-positioned for sustained growth. Investors should consider their financial goals and risk tolerance before investing, ensuring thorough due diligence for this high-value IPO.