Mumbai: Investors in Tata Capital‘s Initial Public Offering-the largest domestic issue in 2025-must brace for a modest opening on Monday, said analysts. With the stock’s unofficial grey market premium-the extra price investors are willing to pay over the IPO price in the unofficial market before listing-at about 2% above the issue price of ₹326, analysts … Read more
The NSE’s semi-annual index rejig is set to take effect on Thursday, March 27, and it’s expected to trigger major shifts in stock flows as it coincides with the monthly derivatives expiry. According to Nuvama Alternative & Quantitative Research, this rejig will impact passive fund flows, with notable changes seen in the Nifty Next 50 … Read more
Global brokerage firm CLSA has initiated coverage on the recently listed Hyundai Motor India with an “Outperform” rating and a target price of Rs 2,155, predicting an upside potential of 20.5%, citing the automaker’s strong growth prospects and strategic expansion plans. Describing Hyundai’s positioning as ‘aspirational yet affordable’, the brokerage firm notes that while Hyundai … Read more
Shares of Hyundai Motor India surged nearly 6% to Rs 1,928 during Wednesday’s trading session on the BSE, a day after their dull listing on the exchanges. Hyundai Motor India had a weak debut on Tuesday, opening at Rs 1,934 on the NSE, a discount of 1.3%, or Rs 26, below the issue price of … Read more
The shares of Hyundai India will debut at the bourses later today, marking the end of a successful IPO, which is India’s biggest ever till date. The current GMP suggests that the shares may list with moderate gains of 3-5% over the issue price. The IPO was booked 2.3 times, with full subscription achieved only … Read more
Mumbai: Hyundai Motor India‘s ₹27,870 crore initial public offering (IPO) – India’s largest-ever – was subscribed 0.18 times on Tuesday, the opening day of the public issue. The non-institutional investor (NII) portion, primarily high-net-worth individuals, was subscribed 0.13 times, while the retail investor portion saw a subscription of 0.26 times. The portion reserved for the … Read more
Hyundai Motor India raised Rs 8,315 crore from 225 anchor investors ahead of the marquee IPO opening on Tuesday. The shares were allotted at Rs 1,960 per share, which is the upper end of the price band. In the anchor book, around 21 domestic mutual funds through a total of 83 schemes subscribed to the … Read more
The primary market will see its biggest offering till date from Hyundai Motor India next week as the automaker is planning to raise over Rs 27,000 crore through its IPO. Apart from this, two other SME IPOs from Lakshya Powertech and Freshara Agro will also open for subscription next week. Further, the Street will also … Read more
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
July sales figures show there is light at the end of the tunnel for the auto sector as also the ailing economy in the midst of the uncertainty over the Covid pandemic. While Mahindra & Mahindra’s farm equipment sector notched up the highest ever tractor sales for the month, showing good cash flows to farmers … Read more