Hyundai Motor India shares list at 1% discount over IPO price
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.
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 India looks to launch full electric vehicle (EV) models in both mass and premium segments with a localised supply chain, says COO Tarun Garg.
Hyundai Motor India, the country's second-largest car maker, looks to raise ₹27,870 crore at a valuation of ₹1.59 lakh crore.
Hyundai Motor India is seeking a slightly higher premium to Maruti and lower to M&M based on P-E ratio, leaving no room for any healthy listing gain, says analyst.
The Indian arm of South Korean automaker Hyundai is expected to file RHP this week and the issue is likely to be launched soon.