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Latest from Unlisted Markets | #marketwatch
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Hyundai IPO: Diwali Fireworks in Seoul!
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Dear Investor,
This year, the biggest Diwali celebration will not be in India but in Seoul, South Korea! Hyundai Motor India is all set to launch its ₹25,000 crore initial public offering (IPO) on October 14, making it the largest IPO in India’s history, surpassing even the Life Insurance Corporation’s (LIC) public offering of ₹21,000 crore, PTI reported.
Key Highlights:
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- Hyundai Global has a market cap of USD 45 Bn and its stock in South Korea trades at a mere 5x P/E.
- Despite contributing only 6.5% of Hyundai's global revenues and 8% of the profitability, Hyundai India is expected to be valued at 42% of the parent company’s market cap on listing.
- Hyundai Global also owns a 34% controlling stake in Kia Motors and wholly owns Genesis Motors, the luxury car brand in South Korea.
- Hyundai Kia is the third-largest automaker globally, selling 7.3 million vehicles in 2023.
Possible valuations of Hyundai India IPO at different price bands:
Here’s a look at Hyundai India’s possible P/E ratio based on different stock price points:
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Why Hyundai's IPO Matters:
Hyundai’s ₹25,000-crore IPO will become India’s largest-ever IPO,
a massive moment for both the automotive and financial markets. With
Hyundai’s strong foothold in India’s car market and significant growth
potential, the IPO could attract a lot of attention from both retail and
institutional investors.
Is the Indian Market Premium Justified?
Despite the massive IPO size, Hyundai India is facing some headwinds:
- Maruti Suzuki and Hyundai Motor India have both reported declining sales in India, signaling a slowdown in the local market.
- With
other global automotive giants like Volkswagen, Ford, and Nissan
cutting back on production, there is caution around the overall industry
performance.
The Future: Electric Vehicles
On a brighter note, while traditional automakers face challenges, the electric vehicle (EV) revolution is gaining momentum with companies like BYD, Tesla, and Li Auto
setting new benchmarks. The global shift towards EVs might be a
game-changer, and Hyundai’s efforts in this space will be key in
determining long-term growth.
Should You Invest?
With
the IPO set to break records, the question remains: is Hyundai’s
valuation premium justified given current market trends? Stay tuned for
more insights on this IPO and how it compares to the rest of the market.
For more in-depth analysis and investment opportunities, visit Altius Investech.
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For any assistance, feel free to contact our support team at +918240614850 or support@altiusinvestech.com
Thank you for choosing Altius Investech.
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Latest from Unlisted Markets | #marketwatch
|
Hyundai IPO: Diwali Fireworks in Seoul!
|
|
| |
Dear Investor,
This year, the biggest Diwali celebration will not be in India but in Seoul, South Korea! Hyundai Motor India is all set to launch its ₹25,000 crore initial public offering (IPO) on October 14, making it the largest IPO in India’s history, surpassing even the Life Insurance Corporation’s (LIC) public offering of ₹21,000 crore, PTI reported.
Key Highlights:
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