Was this surprising? I am not too sure. In some of the so-called expert WhatsApp groups, people claimed they expected the stock price to drop right from the start. Meanwhile, opinions from the research fraternity are mixed: Several well-known brokerages are recommending buying the stock, predicting a 20% rise, while others suggest selling, warning of … Read more
Hyundai Motor India IPO: Hyundai’s IPO allotment status is now public. Applicants can check their Hyundai IPO allotment status online by clicking on the BSE or the official registrar’s website. Meanwhile, the grey market has gone weak on the public issue. According to stock market observers, shares of the auto company are available at a … Read more
The success of India’s biggest-ever initial public offering from Hyundai Motor India Ltd came down to one key factor: a strong response from qualified institutional buyers (QIBs). But the portion set aside for retail investors, who have been driving demand in the primary market this year, wasn’t even fully subscribed. QIBs, or large institutions, put … Read more
While the passenger vehicle market is currently facing headwinds, is Hyundai’s IPO a strategic gamble? With the beginning of the festivities, could the timing signal the beginning of a new growth chapter for the company, capitalizing on increased consumer sentiment and potential market rebound? As HMI prepares to gauge investor sentiment, a comprehensive SWOT analysis … Read more
Hyundai Motor India is expected to launch its ₹25,000-crore initial public offering (IPO) on October 14, PTI reported on Thursday. Hyundai’s proposed ₹25,000-crore IPO will become the largest in India, surpassing Life Insurance Corporation’s (LIC) public offering of ₹21,000 crore. The Indian arm of the South Korean automaker proposed an offer-for-sale (OFS) of 142,194,700 equity … Read more