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

India's biggest public offering opened for subscription on Monday, looking to raise Rs 27,870.16 crore with an offer for sale of 14.22 crore shares.

According to stock market observers, shares of the company are available at a premium of ₹65 in the grey market today

Hyundai India's Rs 27,870 crore IPO opened for subscription, receiving 8% bids initially, led by retail investors. It is an offer for sale by the parent company Hyundai Motor Global. Analysts advise long-term investment due to strong brand presence and steady growth prospects in the Indian market.

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.

Notably, Hyundai Motor India's IPO marks the first time in two decades that a carmaker has gone public in India, following Maruti Suzuki's listing in 2003

Hyundai IPO India IPO automotive sector Hyundai Motors subscription trends retail investors anchor investors Government of Singapore

Hyundai Motor India's $3.3 billion IPO was 18% subscribed on the first day of bidding on Tuesday, led by employees who placed orders for four-fifths of the shares reserved for them in the country's largest share sale yet.

India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.

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.