Hyundai IPO Debuts Amid Investor Caution

• Hyundai Motor India is listing its shares on the BSE and NSE today, October 22.
• The IPO, open from October 15-17, saw moderate interest and was allotted on October 18.
• Grey market premium (GMP) indicates a muted debut with shares trading at ₹65-70 above the issue price.
• Analysts recommend holding the stock despite short-term volatility and overvaluation concerns.
• The IPO raised ₹27,870.16 crore, making it India's largest IPO.

Source: Times Now News, Mint, Mint, The Economic Times, The Economic Times