Hyundai Motor India made its stock market debut on October 22 with a listing price of Rs 1,934 per share on the NSE, 1.32% lower than its IPO price of Rs 1,960.
On the BSE, shares opened at Rs 1,931, a 1.47% drop. Despite muted retail response, the Qualified Institutional Buyers (QIB) portion of the IPO was oversubscribed by nearly 700%. Hyundai's IPO was the largest in India’s history, though its grey market premium (GMP) dropped into negative territory before listing, signaling cautious investor sentiment.