CosmicTaco

Hyundai IPO Debuts Amid Investor Caution

CosmicTaco · 2024-10-22T08:22:24.145418+05:30

- **Hyundai Motor India** is listing its shares on the **BSE** and **NSE** today, October 22. - The IPO, open from October 15-17, saw **moderate interest** and was allotted on October 18. - **Grey market premium** (GMP) indicates a **muted debut** with shares trading at ₹65-70 above the issue price. - Analysts recommend **holding** the stock despite short-term volatility and **overvaluation concerns**. - The IPO raised **₹27,870.16 crore**, making it India's **largest IPO**. Source: [Times Now News](https://www.timesnownews.com/business-economy/markets/hyundai-motor-india-ipo-share-allotment-live-updates-hyundai-listing-check-online-nse-bse-pan-application-latest-gmp-price-today-22-october-2024-today-nse-bse-liveblog-114443830), [Mint](https://www.livemint.com/market/ipo/latest-ipo-news-today-on-october-22-2024-live-updates-11729560744040.html), [Mint](https://www.livemint.com/market/ipo/hyundai-ipo-listing-date-today-gmp-experts-signal-muted-debut-of-shares-on-bse-nse-11729560036529.html), [The Economic Times](https://economictimes.indiatimes.com/markets/stocks/live-blog/hyundai-motor-india-ipo-share-price-listing-live-updates-hyundai-ipo-news-expected-today-date-time-22-oct-2024/liveblog/114443369.cms), [The Economic Times](https://economictimes.indiatimes.com/markets/ipos/fpos/hyundai-india-to-list-today-runaway-gains-unlikely/articleshow/114442641.cms)

Hyundai Motor India is listing its shares on the BSE and NSE today, October 22.
The IPO, open from October 15-17, saw moderate interest and was allotted on October 18.
Grey market premium (GMP) indicates a muted debut with shares trading at ₹65-70 above the issue price.
Analysts recommend holding the stock despite short-term volatility and overvaluation concerns.
The IPO raised ₹27,870.16 crore, making it India's largest IPO.