Hyundai Motor India Limited
HYUNDAIMainboardSector: Automotive & Mobility
India's largest IPO in history. Hyundai Motor India is the nation's second-largest passenger vehicle manufacturer, commanding strong market share in Creta, Venue, and premium SUVs with high export volumes to Middle East and Latin America.
Post-Listing Technical Candlestick Chart
NSE: HYUNDAI (Daily OHLCV)Community Posts (3)
Hyundai India's 100% OFS was clearly priced for perfection at ₹1,960 (26x FY24 P/E). With the Talegaon plant coming online next year, capacity expands to 1 million units, but until their local EV Creta launches to counter Tata and Mahindra, the stock will likely range-bound between ₹1,720 and ₹1,880.
Retail participation was only 50% subscribed for a reason. The South Korean parent takes a 3.5% royalty hit on revenues, which caps EBITDA margins around 13%. Watching the ₹1,750 horizontal support closely—if that breaks on volume, we might test ₹1,680.
DIIs quietly bought ₹3,500+ Cr during the listing dip. Mutual fund monthly disclosures show top AMCs accumulating HMIL for long-term compounding because of their unmatched SUV mix (68% of sales) and premiumization tailwind.