Hyundai is India’s No. 2 carmaker with a 15% market share. Its record $3.3 billion IPO was oversubscribed more than two-fold last week, led largely by institutional investors, but pricing concerns deterred retail participation. Tuesday’s listing in Mum ...

Hyundai Motor India shares fell nearly 5% on their trading debut Tuesday after a record $3.3 billion initial public offering.

Hyundai Motor India's shares dropped 5 per cent in their market debut on Tuesday (Oct 22), after a tepid response from retail investors to the country's largest ever initial public offering over its pricing.

Despite Hyundai's strong market presence and robust financial performance, several factors may have contributed to the weak debut.

Shares of Hyundai Motor India Ltd. slipped almost 6 per cent early in their Mumbai debut on Tuesday, a tepid start to trading for what was the South Asian nation’s largest-ever initial public offering.

The grey market premium for Hyundai IPO has dropped to 2%, with shares trading at a premium of Rs 45-50 above the issue price of Rs 1,960. This represents a decline from the earlier peak of 5%, though it also reflects a recovery from yesterday dip of -3%.

Hyundai Stocks Today, Hyundai Shares Live, Hyundai Motors India IPO listing today: Shares of Hyundai Motor India will list on bourses shortly. Global brokerage Macquarie has initiated coverage on Hyundai Motor India with an outperform rating.

Hyundai Motor India's shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country's largest ever initial public offering.

This is the first IPO for a unit of the South Korean automaker outside South Korea. Unlike a traditional IPO, in which a firm sells fresh shares, Hyundai Motor India's listing is