The stock price of Hyundai Motor India has opened at Rs 1,931 per share on the BSE, which is a discount of 1.5% compared to its IPO price of Rs 1,955 per share.
The stock’s performance:
IPO Price: Rs 1,955 per share
Opening Price: Rs 1,931 per share
Discount: 1.5%
It’s important to note that the stock market is volatile, and the price of Hyundai Motor India shares may fluctuate in the coming days and weeks. Investors should do their own research and consult with a financial advisor before making any investment decisions. This reflects a weak market response, possibly due to broader market conditions and tepid retail investor interest. Despite being India’s largest-ever IPO, retail investors only subscribed to around 50% of their allotted shares.