Hyundai Motor India Limited IPO GMP Live: The ₹27,870 crore initial public offering (IPO) of Hyundai India opened for subscription today and will remain available for investors until October 17. This issue consists entirely of an offer for sale (OFS) of 14.2 crore shares, which will be sold by the parent, Hyundai Motor Global. In the unlisted market, the shares were priced at ₹65 before the IPO opened, indicating a small premium of 3.3% over the IPO price. However, the grey market premium (GMP) has been steadily falling since the announcement of the issue.
– Amnish Aggarwal, Head-Research, Prabhudas Lilladher
– Arun Kejriwal, founder, Kejriwal Research
– Motilal Oswal
– ICICI Direct Research
– Arihant Capital Markets
– Aditya Birla Money
– Anand Rathi Research
– Krishna Appala, Senior Research Analyst, Capitalmind Research
– ICICI Direct on Hyundai IPO
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