hyundai india ipo news

Hyundai GMP indicates 3% loss for IPO investors on listing day

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Hyundai GMP indicates 3% loss for IPO investors on listing day

Reflecting the lack of demand for Hyundai Motor India’s IPO, the company’s shares are currently available at a discounted rate compared to the issue price. The grey market premium (GMP) is at Rs 1,903, indicating a -3% premium over the issue price of Rs 1,960. If current trends continue, the stock is expected to experience … Read more

Hyundai India IPO could trigger a sector-wide positive re-rating for auto stocks

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Hyundai India IPO could trigger a sector-wide positive re-rating for auto stocks

The marquee IPO of Hyundai Motor India, which will be this country’s biggest public offering, could attract significant global interest and with it an influx of foreign capital. This might trigger a sector-wide re-rating for the auto industry, according to analysts. The Rs 27,870 crore IPO from Hyundai is the first from the major auto … Read more