'From Creta dreams to second-hand Santro reality': Hyundai IPO stumbles on debut, investors turn to memes to cope with losses
By the close of trading, Hyundai Motor's stock dropped further, ending at ₹1,820.40 on the BSE, reflecting a 7.1% loss from the issue price. The disappointing start came despite the IPO being oversubscribed more than two times, with retail investors showing relatively less interest by purchasing only half the tranche allocated to them.
Social Media Reacts with Humor
The underwhelming debut did not escape the attention of social media users, who quickly responded with memes and humorous commentary on platforms like X (formerly Twitter). One user (@india_ipo) posted, «Management and lead managers are laughing at people who suggested negative listing time of listing.» Another user (@GaurangBhardwa1) shared a meme showing a father telling his son that he had invested in Hyundai Motor's IPO, implying the child's investment had not gone as planned.
In another humorous take, user @Trendulkar quipped that those who invested in Hyundai's IPO with dreams of buying a Creta might have to settle for a second-hand Santro instead. Meanwhile, user @PurohitSanjeet urged investors not to panic, posting, «Please don’t panic, if it lists in discount! It will give chance to sell in profit, maybe today itself or after a few days.» These posts reflected a mix of frustration and humor from retail investors reacting to the IPO's poor performance.
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