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Issue Open Date
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15-Oct-24
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Issue Closing Date
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17-Oct-24
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Application Money
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100
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Allotment Money
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Price Band
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1865
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1960
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Minimium Application No.
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7
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Issue Size (Shares)
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99769810
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Market Lot
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1
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Objective
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(i) to carry out the Offer for Sale of up to 142,194,700 Equity Shares of face value of ? 10 each by the Promoter Selling Shareholder aggregating up to ? [?] million; and (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges. For further details of the Offer
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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21212445
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12758627
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0.601468949006114
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Qualified Institutional Buyers
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28283260
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197248156
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6.97402477649323
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Retail Individual Investors
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49495705
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24964289
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0.504372833966099
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Business Description
We are a part of the Hyundai Motor Group, the third largest auto original equipment manufacturer (“OEM”) inthe world based on passenger vehicle sales in CY2023, according to the CRISIL Report. We have been the secondlargest auto OEM in the Indian passenger vehicles market since Fiscal 2009 (in terms of domestic sales volumes)according to the CRISIL Report. We have a track record of manufacturing and selling four-wheeler passengervehicles that are reliable, feature-rich, innovative and backed by latest technology. This is demonstrated in ourportfolio of 13 models across multiple passenger vehicle segments by body type such as sedans, hatchbacks,sports-utility vehicles (“SUVs”) and battery electric vehicles (“EVs”). We also manufacture parts, such astransmissions and engines. We have also been India’s largest exporter of passenger vehicles from Fiscal 2005 tothe first 11 months of Fiscal 2024, having exported the highest cumulative number of passenger vehicles for thesame period, according to the CRISIL Report. Since 1998 and up to March 31, 2024, we have cumulatively soldnearly 12 million passenger vehicles in India and through exports. We believe our current market position isbecause of (i) our wide product offerings, stakeholder relationships and operations; (ii) the strong Hyundai brandin India; (iii) our ability to leverage new technologies to enhance operational and manufacturing efficiency; and(iv) our ability to expand into new businesses such as EVs through innovation. In CY2023, we were among thetop three contributors to HMC’s global sales volumes, and our contribution to HMC’s sales volumes has increasedfrom 15.48% in CY2018 to 18.19% in CY2023.
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Promoter's Holding
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Total Share Capital
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812541100
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Offered to Public
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142194700
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Promoter's Holding (Pre-Issue)
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100
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Promoter's Holding (Post-Issue)
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82.5
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Address |
Plot No
H-1
Sipcot Industrial Park
Irrungattukotti
Sriperumpudur Taluk
Kanchipuram Dist,
Tamil Nadu,
602105
Phone : 044-47100000
Email : complianceofficer@hmil.net
Website : www.hyundai.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B
Plot 31-32
Gachibowli
Financial District
Nanakramguda
Hyderabad
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Listed at |
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BSE, NSE
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Lead Manager |
Citigroup Global Markets India Pvt Ltd.
HSBC Securities & Capital Markets (India) Pvt Ltd
JP Morgan India Pvt Ltd
Kotak Mahindra Capital Co Ltd
Morgan Stanley India Co Pvt Ltd
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Promoters |
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Hyundai Motor Company
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