Hyundai Motor India IPO: Shares Debut on Stock Exchange Today

Hyundai Motor India had a disappointing debut on the stock exchanges on Tuesday, opening at a 1.32 per cent discount on the NSE at Rs 1,934, compared to its initial public offering (IPO) price of Rs 1,960 per share

On the BSE, the Hyundai Motor India stock fared similarly, starting at Rs 1,931, which represented a decline of 1.47 per cent from the issue price

Hyundai Motor India shares continued to decline, falling more than 6 per cent

The company's IPO, the largest in India's history, experienced significant fluctuations in its grey market premium

According to platforms tracking GMP trends, Hyundai Motor India's share premium plummeted into negative territory last week, having peaked at Rs 570 in late September

In terms of trading volume, 13.99 lakh shares were exchanged on the BSE, while the NSE saw a significantly higher volume of 2.31 crore shares traded