The listing of Hyundai's IPO will be on 22 October 2024 at 10 am. But the good news is that there has been a big change in the company's GMP i.e. gray market premium. Let us tell you that the company's issue was closed last week. At the same time, now the allotment has also been done.

Hyundai India IPO Grey Market Premium- The grey market premium (GMP) for Hyundai's IPO has increased from -3% to 5%. This is good news. This indicates that the listing premium of the stock i.e. the issue price of Rs 1,960 may increase by 3.5% (Rs 65-70) to the price of Rs 2025-2030. There may be a little more profit than Rs 60 per share. A day earlier this profit was Rs 100.

The biggest IPO in the history of India- Hyundai  has brought the biggest IPO in the history of India. But the IPO of Rs 27,870 crore got a low response initially. If we look at the subscription, it is clear that due to the strong response of non-institutional investors, it was fully subscribed only on the last day. But while retail i.e. small investors and institutional investors categories showed lower subscription numbers than expected, the recent surge in the grey market premium (GMP) indicates growing confidence in the stock. What's next? Experts told CNBC Awaaz that there is almost a consensus that the company's growth in the fast-growing passenger vehicle market in India is good and is expected to remain good in the future as well. Buying Hyundai shares can be the right move for long-term investors. Because consumers are increasingly preferring bigger and more premium cars. However , with a price-to-earnings (P/E) valuation of 26 times FY25 estimated earnings, small investors may be more cautious, as the valuation is quite high despite the improvement in the grey market. (Hyundai India IPO Listing: When, on which day and at what price will the listing be? Know everything) Know what is grey market while on the go - The grey market is a market where unlisted securities are traded, it is not an authorized market. In such a situation, sharp fluctuations in the grey market premium are common. The grey market gives indications about the investors' attitude towards an issue. Even serious investors take indications from the grey market premium but make investment decisions based on the company's performance, market conditions and price band. Let us tell you that it only gives indications. Listing does not take place on this basis. That is why it is not right to rely on it. Consult your financial advisor before taking any decision.