Hyundai sees slowdown in urban areas
A slowdown in car sales was inevitable, says Hyundai Motor India's Tarun Garg.
A slowdown in car sales was inevitable, says Hyundai Motor India's Tarun Garg.
The company plans to launch CRETA EV for the mass market in the coming months, says Unsoo Kim, Managing Director, HMIL.
From Tata Motors and NTPC to HDFC Bank, Hero MotoCorp, and JSW group, top parent companies plan to list their subsidiaries in the near term.
IPOs of Waaree Energies and Deepak Builders and Engineers garnered strong response from retail as well as non-institutional investors.
Historical data suggest that all big IPOs such as LIC, Paytm, GIC Re, SBI Cards, Reliance Power, and The New India Assurance registered losses on listing day.
The listing of the Indian subsidiary of the South Korean automaker was lower than Street expectations as the stock was commanding GMP of ₹48 in the grey market.
Hyundai Motor shares were commanding GMP of ₹75 in the grey market today, estimating listing price to be around ₹2,035, a premium of 3.83% over the IPO price.
The promoters will be laughing all the way to the bank even as India investors brace for a long ride ahead.
The GMP of Hyundai Motor India has fallen from its peak of ₹570 on September 27 to zero on October 17, indicating listing to be flat at ₹1,960.
QIBs help Hyundai Motor India cross the 100% subscription mark; retail quota subscribed only 44% so far