Hyundai Motor India IPO Listing: Shares Open Flat, No Gains for Investors - Everything You Need To Know 

Hyundai Motor India IPO Listing: Hyundai Motor India finally comes up for listing. But somehow, it is not as expected by the investors. Shares of India's second-largest car manufacturer debuted on the Bombay Stock Exchange at ₹1,931 and on National Stock Exchange at ₹1,934, both of which are seen at a discount to the IPO price band of ₹1,960.

Despite such hype leading to the big IPO, investors were not able to see such gains. Thus, listing has been termed flat by many because the opening was below the offered price that raises questions on market conditions and investor's sentiment.

Hyundai Motor India IPO Listing: Listing Details and Market Reaction

While on NSE, Hyundai Motor India shares traded at ₹1,934. This translates into 1.3% discount and at BSE, shares opened at ₹1,931, which constitutes 1.5% discount. Further, shares dropped to ₹1,844.65 and touched the day's high of ₹1,970 during trade.

Hyundai Motor's IPO was seeking to garner ₹27,870.16 crore, which would make it the biggest ever IPO in the history of Indian stock markets. The issue of shares opened on October 15 and closed on October 17, with which period was fully subscribed within. Overall subscription ratio is at 2.37 times. Institutional investors' category saw a massive interest wherein their reserved quota was subscribed 6.97 times.

This is a rather disappointing moment for investors who had had much hope in the IPO of Hyundai Motor, especially when this seems to have been dashed with a flat listing. There are bound to be speculations over the future performance as well. After all, this is a reminder that IPOs can be pretty unpredictable, and there are many factors that could influence their market performance. The whole scenario is now up for scrutiny as the stock market reacts to this listing and how Hyundai Motor shares evolve in the following days, whether investor confidence can be restored or not.

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