Hyundai share price Today IPO Listing 2024 Highlights: Hyundai Motor India makes discounted debut

Hyundai IPO 2024 Highlights: India’s largest-ever IPO yet, made its D-Street debut on October 18. The stock was listed at a discount of 1.3% on the National Stock Exchange while it debuted on BSE at Rs 1,431, a discount of 1.48% to the issue price. The stock closed its first trading session 4.6% lower at Rs 1,845. Hyundai Motor India was subscribed to a total of 2.37 times, driven primarily by qualitative institutional buyers. However, the retail and non-institutional segments didn’t show much interest. The retailers booked the issue 0.5 times while the NIIs subscribed to it 0.6 times. Live Updates Hyundai share price Today IPO Listing 2024 Live Updates: Hyundai India shares fell 2.27% 18:12 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Share falls 7.8% intra-day The stock of Hyundai Motor India fell as much as 7.8% to an intra-day low of Rs 1,807. The stock closed its first day 4.6% lower at Rs 1,845. The stock was listed at a discount of 1.3% on the National Stock Exchange. 18:06 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Business update Hyundai Motor India offers mobility solutions and operates an extensive network of 1,366 sales points and 1,550 service points across India. By March 31, 2024, HMIL had sold nearly 12 million passenger vehicles domestically and through exports. HMIL's vehicle lineup includes sedans, hatchbacks, SUVs, and electric vehicles (EVs), featuring models such as the Grand i10 NIOS, i20, i20 N Line, AURA, Elantra, Venue, Venue N Line, Verna, Creta, Creta N Line, Alcazar, Tucson, and the all-electric SUV Ioniq 5. As of December 31, 2023, HMIL had partnerships with 363 dealer companies for distribution and sales in India. 16:54 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Hyundai India's shares close 4.6% lower Hyundai Motor India closed the first session 4.6% lower at Rs 1,845. The company was listed at a price of Rs 1,934 on the National Stock Exchange while at BSE it was listed at Rs 1,931. The stock was listed at a discount on both the bourses. 15:01 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Expert's view on Hyundai IPO post listing "Considering the large size of the IPO, Hyundai Motors India listing close to the IPO price, with no listing gains, is not a surprise. We like the company fundamentals with a medium to long-term perspective, owing to its favourable product mix, superior return ratios and growth potential in the export market which is supported by ongoing expansion plans. The launch of Creta EV in Q4FY25E is now a key event to track in the near term," said Mrunmayee Jogalekar, Auto Research Analyst with Asit C Mehta Investment Intermediates. 14:18 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Hyundai Moto India share price falls 6% Shares of Hyundai Motor India are available at a discount of 6% on NSE. The stock fell to an intra-day low of Rs 1,840 after listing on the bourses at a price of Rs 1,934 on NSE) and Rs 1,931 on BSE. 13:40 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Master Capital Services on Hyundai IPO "It is anticipated that with an improved market share in key segments due to a favourable product mix, the brand has the potential for further growth. Investors with a long-term perspective could consider holding the stock, as future performance will most likely be driven by the company's competitive market position and product enhancements," said Master Capital Services. 13:02 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Mehta Equities on Hyundai after listing "For allotted investors, we continue to recommend it to "Hold for long term" despite knowing the short-term volatility in the sector demand and supply scenario. For fresh new investors wishing to buy post-listing, we advise you to wait and watch for the price to settle and revisit the space with a better-discounted opportunity, the best range to accumulate Hyundai can be 10-15% discount to its issue price. For the long-term, Hyundai’s growth story remains intact in line with India's growth story," said Prashanth Tapse, Senior Vice President of Research at Mehta Equities. 12:49 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Hyundai refuse to give timeline for hybrids Hyundai refuses to give a timeline for the launch of hybrids in India. The company is well positioned to introduce hybrids in India while it has access to Hyundai tech globally, but the launch of hybrids will be synced with customer trends and preferences of Indian consumers, said Hyundai Motor India's managing director Unsoo Kim while speaking to Financial Express online. 12:24 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Hyundai Motor's capacity utilisation Hyundai Motor India is operating at a healthy capacity utilization of 94% as of Q1 FY25 and it expects capacity to increase from the current 824,000 units pa to 1.1 million units once the Talegaon plant is fully operational. The company has a healthy mix of exports, contributing 22% of its sales as of Q1 FY25. The RHP indicates a 7-9% CAGR in export volume during FY24-29. 12:10 (IST) 22 Oct 2024 Hyundai Motor India Share Price Live: Hyundai's COO Tarun Garg Hyundai Motor India's COO Tarun Garg said that Creta EV Pricing will keep the value-conscious approach of Indian markets. Also, the localisation of EV products is crucial for the company. Hyundai's current export markets primarily involve electric mobility. The company will see which of these markets have the right traction for EVs and it plans to make India an export hub for EVs and ICEs.

Hyundai share price Today IPO Listing 2024 Highlights: Hyundai Motor India makes discounted debut

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