Hyundai GMP indicates 3% loss for IPO investors on listing day

Hyundai Motor India’s shares currently trading at a discount to the issue price of Rs 1,960. The grey market premium (GMP) stands at Rs 1,903, reflecting a -3% premium. If trends persist, the stock is likely to debut negatively on October 22. The final share allotment for the IPO will be confirmed today.

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