Hyundai India Stock Price Listing Live: Ahead of D-Street debut, GMP nosedives to 3%
Hyundai IPO listing price live: It all started as car repair shop in 1946
Hyundai's evolution from a South Korean car repair shop founded in 1946 to a global automotive leader is highlighted by significant milestones, including the launch of the Hyundai Pony, expansion into international markets, and the acquisition of Kia Motors in 1998.
Hyundai IPO listing price live: What volatility in GMP means
The GMP for Hyundai motor India's public offer has witnessed a rollercoaster ride. Since September, we have seen the GMP crashing. In last 24 hours, there was a slight recovery with a dip again. This fluctuation in the grey market premium indicates a shift in the investors' sentiments ahead of the D-street debut
Hyundai IPO listing price live: A look at recovery in GMP
A day ahead of its official listing, the shares showed signs of recovery in the grey market, with the premium rebounding to Rs 95, indicating a potential listing gain of around 5 percent.
Hyundai IPO listing price live: What's the current GMP
While there was slight improvement in Hyundai Motor India's GMP yesterday. However, the grey market premium has dipped again. According to investorgain.com, the last updated GMP for Hyundai stood at Rs 45.
Hyundai IPO listing price live: ' Flat to moderate' listing for Hyundai Motor India's public issue, says this expert
Shivani Nyati, Head of Wealth at Swastika Investmart Ltd, suggested that the IPO could see a “flat-to-moderate” listing. However, she advised that “investors with a long-term perspective and the ability to navigate potential listing challenges may consider holding their investments post-listing.”
Nyati concluded, “While immediate listing gains may be modest, we expect a steady debut, and Hyundai’s strong fundamentals make it an appealing long-term investment.”
Hyundai IPO listing price live: Experts view Hyundai as long-term investment
Master Capital Services stated, “Hyundai Motor India, the second-largest automobile manufacturer in the country with a 15% market share, presents steady growth prospects despite concerns about short-term listing gains due to a subdued grey market premium. The company benefits from industry tailwinds, strong financials, and high demand for its SUV products. Hyundai's leadership in India's passenger vehicle market, combined with its strategic focus on electric vehicles, makes it a compelling long-term investment.”
Hyundai IPO listing price live: How Hyundai Motor India's public issue impacted Indian Rupee
The Indian rupee closed at a record low of 84.0725 against the US dollar on Monday, weighed down by outflows from local equities and debt, as well as a stronger dollar index. However, traders noted that likely intervention by the central bank through dollar sales helped limit the rupee’s losses. Dealers also pointed out that outflows caused by Hyundai Motor transferring funds to its parent company in South Korea following its IPO added further pressure on the currency, a report said. Hyundai's stock listing marks the largest IPO in the country and the biggest global initial share sale of 2024
Hyundai IPO listing price live: A look at subscription breakup
As per the final status of the subscription, the QIB portion was subscribed nearly seven times, the segments reserved for HNIs and retail investors remained undersubscribed.
Hyundai IPO listing price live: What was the price band of Hyundai Motor India's public issue
The price band for the offering was set at Rs 1,865-1,960 per share. However, demand from retail investors was sluggish due to concerns over high valuation, a decline in the grey market premium of shares, and generally weak demand in the auto sector during the festive season.
