Hyundai Motor India IPO: Shares Debut on Stock Exchange Today
October 22, 2024
Published by: ABP News Bureau
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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
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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
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Hyundai Motor India shares continued to decline, falling more than 6 per cent
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The company's IPO, the largest in India's history, experienced significant fluctuations in its grey market premium
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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
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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
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