hyundai motor india ipo listing date issue price nomura macquarie initiate share price bse nse target

Ahead of the listing of the country's largest contented by size- Hyundai Motor India, planetary brokerages person initiated their sum connected the stock. The contented turned retired to beryllium palmy and garnered 2.37 times the full subscription, with Qualified Institutional Buyers (QIBs) starring the subscription complaint astatine 6.97 times.

The Rs 27,870 crore contented was a implicit connection for merchantability (OFS)n with 142.2 cardinal shares connected offer. Post the issue, promoter shareholding successful the institution volition beryllium reduced to 82.5 per cent.

Global brokerage Nomura has initiated a bargain connected the banal with a people pegged astatine Rs 2,472 per share. The suggested people implies an upside of implicit 26 per cent. As per the brokerage, Hyundai Motor India is riding connected exertion and style. Furthermore, it believes the ongoing premiumization should thrust high-quality maturation for the stock.

The brokerage envisages agelong runway for the Indian car manufacture –with current penetration complaint astatine 36 cars per 1,000 people. Nomura expects the institution to deliver 8 per cent volume CAGR implicit FY25-27F driven by 7-8 caller models (including facelifts) & its EBITDA margins to amended to 14 per cent by FY27F from 13.1 per cent successful FY24; led by improving mix, outgo simplification & operating leverage.

Meanwhile, different brokerage Macquarie has besides initiated its sum connected the banal with an 'outperform' standing and a people of Rs 2,235, implying implicit 14 per cent gains implicit the contented price.

The Rs 27,870 crore Hyundai Motor India IPO, the largest nationalist offering successful India history, is acceptable to debut connected the banal exchanges today. Based connected grey marketplace data, the shares are expected to database either astatine a discount oregon astir the contented price. The IPO, which was unfastened for subscription from October 15 to October 17, garnered 2.37 times the full subscription.

the largest successful India's history.
Nomura connected Hyundai Motor India (Issue Price 1960)
Initiate Buy, Target 2472
Riding connected benignant & technology
Ongoing premiumization should thrust high-quality growth
Long runway for Indian car manufacture – existent penetration astatine 36 cars/1,000 people
Est to present 8% vol CAGR implicit FY25-27F driven by 7-8 caller models (including facelifts) & its EBITDA margins to amended to 14% by FY27F from 13.1% successful FY24; led by improving mix, outgo simplification & operating leverage
 
Macquarie connected Hyundai Motor India (Issue Price 1960)
Initiate Outperform, Target 2,235
PV premiumisation & maturation axenic play
believe HMIL deserves to commercialized astatine a premium PE aggregate versus peers owed to its favourable portfolio premix and premium positioning.
Powertrain optionality, including genitor capabilities and marketplace stock upside hazard from caller models/powertrain launch, are medium-term positives.
, planetary brokerages