The book-running lead managers of the Hyundai Motor IPO include Kotak Mahindra Capital Company, Citigroup Global Markets India, HSBC Securities & Capital Markets, J P Morgan India, and Morgan Stanley India. Meanwhile, Kfin Technologies is the registrar for the issue.

Here is a list of key risks highlighted by Mirae Asset for the Hyundai Motor IPO:

– Hyundai Motor Company’s two group companies, Kia Corporation and Kia India, may face a conflict of interest as they both operate in similar lines of business.

– Any increase in the prices of parts and materials could adversely affect business and results of operations.

– Hyundai Motor India’s dependency on selected suppliers for parts and materials could be a risk, as any interruption in the availability of these could adversely impact operations.

– The automobile company’s operations could also be affected if there is any reduction in demand for or disruption in the manufacturing of Sports Utility Vehicles (SUVs) or other passenger vehicle models. Hyundai Motor India substantially depends on the sales of SUV models in India.
 

About Hyundai Motor India (HMIL)  

Hyundai Motor India is a wholly owned subsidiary of Hyundai Motor Company, the third-largest auto OEM (original equipment manufacturer) in the world. Hyundai Motor India was formed on May 6, 1996, by Hyundai Motor Company.

It has been the second-largest auto OEM in the Indian passenger vehicle market since FY09. Hyundai Motor India has a diverse portfolio of 13 passenger vehicle models across segments like sedans, hatchbacks, SUVs, and EVs.

First Published: Oct 14 2024 | 10:06 AM IST