Hyundai may take a while to scorch D-Street

The grey market premium – the price over the IPO price in the unofficial market that investors pay for the shares before listing – for Hyundai was at ₹30 on Monday evening or 1.5% above the upper end of the issue price band of ₹1,865 to ₹1,960. The ₹27,870 crore issue opens on Tuesday and closes on Thursday. The grey market premium for Hyundai shares was at ₹370 on October 4.

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