Hyundai Motor India IPO Day 1 Live Updates: GMP falls ahead of opening; check subscription status, review, more
₹1,865 to ₹1,960, with a minimum investment of ₹13,055 for a lot of 7 shares. The projected issue size stands at ₹27,870.16 crore, making it one of the largest IPOs of the year.
Hyundai Motor India Ltd secured ₹8,315.28 crore from 225 anchor investors at ₹1,960 per share on Monday, October 14, which includes 21 domestic mutual funds across a total of 83 schemes.Stay tuned for latest subscription status, GMP, review, more.Hyundai Motor India IPO GMP today is +45. This indicates Hyundai Motor India share price was trading at a premium of ₹45 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Hyundai Motor India share price is indicated at ₹2,005 apiece, which is 2.3% higher than the IPO price of ₹1,960.According to the latest 19 sessions of grey market activities, the current GMP is at ₹45, indicating a downward trend.
The lowest GMP recorded is ₹0, and the highest GMP is ₹570, as per the analysis by experts at investorgain.com.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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