Hyundai Motor IPO vs Waaree Energies IPO

Comparision between Hyundai Motor IPO and Waaree Energies IPO.

IPO Details

Hyundai Motor IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Waaree Energies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Hyundai Motor IPO	Waaree Energies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd J.P. Morgan India Private Limited Morgan Stanley India Company Pvt Ltd	Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited Intensive Fiscal Services Private Limited Iti Capital Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Hyundai Motor IPO is up to ₹27,870.16 Cr whereas the issue size of the Waaree Energies IPO is up to ₹4,321.44 Cr. The final issue price of Hyundai Motor IPO is ₹1,960.00 per share and of Waaree Energies IPO is ₹1,503.00 per share.

	Hyundai Motor IPO	Waaree Energies IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,865.00 per share	₹1,427.00 per share
Issue Price (Upper)	₹1,960.00 per share	₹1,503.00 per share
Issue Price (Final)	₹1,960.00 per share	₹1,503.00 per share
Discount (Retail)
Discount (Employee)	₹186.00 per share
Market Lot Size	7 shares	9 shares
Fresh Issue Size		2,39,52,095 shares
Fresh Issue Size (Amount)		up to ₹3,600.00 Cr
OFS Issue Size	14,21,94,700 shares	48,00,000 shares
OFS Issue Size (Amount)	up to ₹27,870.16 Cr	up to ₹721.44 Cr
Issue Size Total	14,21,94,700 shares	2,87,52,095 shares
Issue Size Total (Amount)	up to ₹27,870.16 Cr	up to ₹4,321.44 Cr

IPO Timetable

Hyundai Motor IPO opens on Oct 15, 2024, while Waaree Energies IPO opens on Oct 21, 2024. The closing date of Hyundai Motor IPO and Waaree Energies IPO is Oct 17, 2024, and Oct 23, 2024, respectively.

	Hyundai Motor IPO	Waaree Energies IPO
Anchor Bid Date	Oct 14, 2024	Oct 18, 2024
Issue Open	Oct 15, 2024	Oct 21, 2024
Issue Close	Oct 17, 2024	Oct 23, 2024
Basis Of Allotment (Tentative)	Oct 18, 2024	Oct 24, 2024
Initiation of Refunds (Tentative)	Oct 21, 2024	Oct 25, 2024
Credit of Share (Tentative)	Oct 21, 2024	Oct 25, 2024
Listing date (Tentative)	Oct 22, 2024	Oct 28, 2024
Anchor Lockin End date 1	Nov 17, 2024	Nov 22, 2024
Anchor Lockin End date 2	Jan 16, 2025	Jan 21, 2025

Financials

Hyundai Motor IPO P/E ratio is 26.28, as compared to Waaree Energies IPO P/E ratio of 30.87.

Hyundai Motor IPO

Waaree Energies IPO

Financial

Hyundai Motor India Limited Financial Information (Restated Consolidated)

Hyundai Motor India Limited's revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	25,370.24	26,349.25	34,573.34	28,358.06
Revenue	17,567.98	71,302.33	61,436.64	47,966.05
Profit After Tax	1,489.65	6,060.04	4,709.25	2,901.59
Net Worth	12,148.71	10,665.66	20,054.82	16,856.26
Reserves and Surplus	11,336.17	9,853.12	19,242.28	16,043.71
Total Borrowing	758.14	767.92	1,158.6	1,140.03
Amount in ₹ Crore

Waaree Energies Limited Financial Information (Restated Consolidated)

Waaree Energies Limited's revenue increased by 69.56% and profit after tax (PAT) rose by 154.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,989.48	11,313.73	7,419.92	2,237.40
Revenue	3,496.41	11,632.76	6,860.36	2,945.85
Profit After Tax	401.13	1,274.38	500.28	79.65
Net Worth	4,471.71	4,074.84	1,826.02	427.13
Reserves and Surplus	4,221.69	3,825.00	1,594.92	230.43
Total Borrowing	261.24	317.32	273.48	313.08
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

71.80%

Promoter Shareholding (Post-Issue)

82.50%

64.30%

P/E Ratio

26.28

30.87

Market Cap

₹159258.06 Cr.

₹42939.36 Cr.

ROE

8.79%%

ROCE

13.69%%

9.45%%

Debt/Equity

0.06

EPS

₹74.58

₹48.69

RoNW

12.26%%

8.81%%

Shares Offered

In the Hyundai Motor IPO retail investors (RII) are offered 4,94,95,705 shares while in Waaree Energies IPO retail investors are offered 4,94,95,705 shares. Qualified institutional buyers (QIB) are offered 2,82,83,260 shares in Hyundai Motor IPO and 56,63,925 shares in Waaree Energies IPO.

	Hyundai Motor IPO	Waaree Energies IPO
Anchor Investor Reserveration	4,24,24,890 shares	84,95,887 shares
Market Maker Reserveration
QIB	2,82,83,260 shares	56,63,925 shares
NII	2,12,12,445 shares	42,47,945 shares
RII	4,94,95,705 shares	99,11,869 shares
Employee	7,78,400 shares	4,32,468 shares
Others
Total	9,97,69,810 shares	2,02,56,207 shares

Bids Received (Subscription)

Hyundai Motor IPO subscribed 2.37x in total, whereas Waaree Energies IPO subscribed 79.44x.

	Hyundai Motor IPO	Waaree Energies IPO
QIB (times)	6.97x	215.03x
NII (times)	0.60x	65.25x
Big NII (times)	0.58x	71.32x
Small NII (times)	0.65x	53.10x
RII (times)	0.50x	11.27x
Employee (times)	1.74x	5.45x
Other (times)
Total (times)	2.37x	79.44x

Compare with others

Hyundai Motor IPO	Waaree Energies IPO
Godavari Biorefineries IPO	Sagility India IPO
Deepak Builders & Engineers IPO	ACME Solar Holdings IPO
Waaree Energies IPO	Swiggy IPO
Garuda Construction and Engineering IPO	Godavari Biorefineries IPO
Afcons Infrastructure IPO	Deepak Builders & Engineers IPO
Diffusion Engineers IPO	Garuda Construction and Engineering IPO
Manba Finance IPO	Afcons Infrastructure IPO
KRN Heat Exchanger IPO	Hyundai Motor IPO
Northern Arc Capital IPO	Diffusion Engineers IPO
Arkade Developers IPO	Manba Finance IPO

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