Hyundai India's shares in the grey market are now trading at a discount of around Rs 30 against the upper end of the IPO price of Rs 1,960

The grey market premium (GMP) of India's largest-ever IPO of Hyundai Motor India has slightly recovered as the issue enters second day of subscription. The IPO will close on Thursday, October 17. Check latest GMP.

As Hyundai Motor India gears up for its upcoming IPO, the grey market premium (GMP) for its shares continues to decline, now at approximately Rs 45. This reflects a marginal 3% premium over the issue price.

According to stock market observers, shares of the company are available at a premium of ₹65 in the grey market today

Today is the third and the last day for subscription of an initial public offering (IPO) of Hyundai Motor India Limited, the Indian arm of South Korean automaker Hyundai.

The Hyundai Motor India IPO, which opened for subscription on October 15, 2024, is nearing its end today, October 17, with a lukewarm response from investors. Despite Hyundai Motors strong presence in the Indian automobile market,

Hyundai Motor India's Rs 27,870 crore mega IPO is fully subscribed, driven primarily by qualified institutional buyers. Grey market premium slid to 0.71%. Analysts recommend long-term investment due to strong market position and financials.

India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.

The initial public offer of Hyundai Motor India Ltd, the Indian arm of South Korean automaker Hyundai, got fully subscribed on the third day of the bidding on Thursday

Hyundai Motor India has experienced an impressive trajectory, ascending to the position of India's second-largest car manufacturer