Hyundai Motor India drops 7% on debut

Hyundai Motor India drops 7% on debut after country's biggest IPO
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.
Hyundai India shares drop 6% on market debut after record IPO
Shares of Hyundai Motor India dropped as much as 6% in their market debut on Tuesday, after a tepid response from retail investors to the pricing of the country’s largest ever initial public offering.
IPO collections cross ₹1.1 Trillion in 2024; courtesy Hyundai India
You can call it the Hyundai effect, but the IPO collections in calendar 2024 have already crossed ₹1.1 trillion!
Hyundai goes public in India with the country’s biggest IPO
Hyundai Motor India is now listed on the Indian stock exchange. It is the largest IPO in India's history. Following the listing, Hyundai Motor India plans to invest in new products, technologies, and R&D capacities.
Hyundai's Lackluster Trading Debut After Record IPO Drags Down India Auto Stocks
Hyundai Motor India’s IPO raised $3.3 billion in the listing A key challenge for Hyundai in India would be to defend its position as the country’s No. 2 carmaker from rivals Tata Motors and Mahindra & Mahindra.
Hyundai Motor India Share Price: Why Nomura Sees 26% Potential Upside In India's Biggest IPO? New Target Price
Brokerage Nomura believes there is potential for about 26% upside in Hyundai from its IPO price. Hence, investors sit tight and wait patiently for a new tide in this new auto stock.
Hyundai Motor India Shares Slump As Trading Begins In Asia’s Biggest IPO Of The Year
The stock fell 34% when trading commenced but recovered to close at 1,819.6 rupees, down 7.16% from its IPO price, on the first day of trading in Mumbai. The company’s IPO was priced at 1,960 rupees a share, at the top end of its marketed range. Shares of parent company Hyundai Motor edged down about 1% in South Korea.
Hyundai Motor India's shares drop nearly 7% on trading debut after record IPO
Hyundai Motor India shares fell nearly 7% on their trading debut Tuesday after a record $3.3 billion initial public offering.
Opinion
Hyundai’s India IPO Harks Back to Another Era
In the 1970s, New Delhi forced multinationals to cut stakes in local units. Now they're doing it willingly, which may have a salutary impact on markets.
Hyundai Motor India falls 7.6% in debut after country's biggest IPO
By Nandan Mandayam and Dhwani Pandya BENGALURU/MUMBAI (Reuters) -Hyundai Motor India shares fell as much as 7.6% in their market debut on Tuesday after a tepid response from retail investors to the country's largest initial public offering on concerns the price was set too high and an auto industry slowdown.
Hyundai Motor India's shares jump 5% on second day, making up for dull debut
Retail investors were largely unenthusiastic about this IPO, subscribing only 0.5x to the offer. The issue sailed over and managed to get a 2.37x subscription thanks to QIBs (qualified institutional buyers),
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