Reported about 1 month ago
Hyundai Motor India's shares fell 7.2% on their first day of trading in Mumbai after an IPO that was the largest ever in the country but received a lukewarm reaction from retail investors. The stock debuted at 1,819.60 rupees against an IPO price of 1,960 rupees, with retail participation failing to meet expectations. Analysts pointed to high valuations and a cooling auto market as factors influencing the lack of retail interest, contrasting with the soaring performance of other recent IPOs.
Source: YAHOO