Hyundai Motor Shares Slip Below IPO Price lists at ₹1,934 on NSE, a discount of 1.3% – Check Key Info!Hyundai Motor Shares Slip Below IPO Price lists at ₹1,934 on NSE, a discount of 1.3% – Check Key Info!

Hyundai Motor shares had a subdued debut on October 22, listing at ₹1,934 on NSE, a 1.3% discount from the IPO price of ₹1,960. On BSE, the stock listed at ₹1,931, reflecting a 1.5% discount from the issue price.

Hyundai Motor’s IPO concluded with moderate demand, securing 2.37 times the total bids after three days of bidding. The IPO received bids for 23.63 crore shares against 9.89 crore on offer. However, retail and non-institutional investor segments were not fully subscribed.

Hyundai Motor India Limited, the second-largest auto OEM in India and a key part of Hyundai Motor Group, is renowned for its innovative and reliable passenger vehicles. Since 2005, it has led in vehicle exports. Their success stems from Hyundai’s brand strength, advanced technology, localization, and a focus on electric vehicles, fostering strong relationships with stakeholders and driving global sales.

The main objective of Hyundai Motor India Limited is to enhance visibility and brand image and provide liquidity through listing equity shares.