Investors should consider holding Hyundai Motor India shares for at least a year to achieve substantial returns. Despite a modest listing

As Hyundai Motor India gears up for its upcoming IPO, the grey market premium (GMP) for its shares continues to decline, now at approximately Rs 45. This reflects a marginal 3% premium over the issue price.

This would be the largest IPO in India, surpassing LIC's initial share sale of Rs 21,000 crore. Hyundai Motor India Limited commenced operations in India in 1996 and currently, sells 13 models across segments.

Analysts at multiple the brokerage houses have tagged 'Subscribe' rating to the issue, saying that Hyundai Motor India's IPO could be a strong long-term investment, with the potential to deliver significant rewards for those willing to dig in for the long haul.

By Scott Murdoch, Heekyong Yang and Kashish Tandon SYDNEY/SEOUL (Reuters) -Hyundai Motor India sold shares worth $989.4 million to institutional investors including BlackRock and Fidelity on Monday, as the carmaker launched a $3.

Ringo Choi, Asia-Pacific IPO leader at the accounting company, shares his outlook for initial public offerings in the region.

Hyundai India will start taking orders for its $3.3 billion initial public offering in Mumbai on Monday, the company said in regulatory filings, a deal that will be the country's largest ever share offering and world's second biggest IPO in 2024.

The Indian subsidiary of South Korean automaker Hyundai Motor Company (HMC) allocated 42.4 million shares to 225 funds at ₹1,960 per share, the upper limit of its price range.