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

Shares of Hyundai Motor India Ltd. are set to start trading in Mumbai on Tuesday after a $3.3 billion initial public offering that was the South Asian nation’s largest ever.

Hyundai India shares debut today after the country's largest IPO, with estimates suggesting a 3-5% gain over the issue price. Despite the issue being fully subscribed only on the last day, the company's strong market position and focus on electric vehicles hint at promising long-term investment potential.

Shares of Hyundai Motor India are currently priced at ₹2,008 in the unlisted market today. Despite the decline in GMP, the stock is still expected to see a modest debut on the bourses.

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 Motor India shares are showing a volatile trend in the grey market. After dropping to a negative figure last week, Hyundai IPO GMP today is in the range of ₹65 - 70 per share.

The initial public offering, which opened on October 15, has seen a rollercoaster ride in terms of investor interest and grey market performance.

The IPO of Hyundai Motor India was open for bidding between October 15-17, which offered its shares in the price band of Rs 1,865-1,960 per share with a lot size of 7 shares.

The much-anticipated Hyundai India IPO is set to debut on October 22, 2024, on the BSE and NSE, following its historic Rs 27,870 crore offer. While the initial response from retail investors was lukewarm,