Hyundai India Shares Surge More Than 4% On Day Two

Hyundai India Shares: Hyundai Motor India’s shares rebounded during the trading on Wednesday, rising more than 4% after experiencing a nearly 5% decline on its listing day on Tuesday, October 22, 2024. The stock closed at Rs 1820.40 on the BSE. Notably, the stocks were lifted at a discount of 1.3% against the issue price of Rs 1,960.

Hyundai Motor India had come up with India’s largest-ever IPO. The company aimed to raise Rs 27,870 crore (around $3.3 billion). Hyundai Motor India, a leading player in the Indian market, has announced the IPO with a price band of Rs 1,865 to Rs 1,960 per share. The minimum investment was pegged at Rs 13,055 for a lot of 7 shares.

The IPO of Hyundai Motor India opened for bidding on October 15, 2024, and it concluded on October 17, 2024. The Company had a disappointing debut on the Indian bourses, with shares listing at a discount of 1.3%. Hyundai Motor India’s IPO comprised of an offer for sale (OFS) of 142 million shares, with parent company Hyundai Motor Corporation (HMC) offloaded its stake.

Hyundai India Shares: How To Buy Company’s Stock In India?

People can easily buy Hyundai stocks in India by just creating a demat account on any brokerage site and getting the documents verified online. A person will request the allotment of shares. If the shares are allotted on the request, he/she can see it on the portal of the brokerage site by simply logging-in. A person can also directly purchase the shares skipping the brokerage sites.

About Hyundai

Hyundai Motor India Limited (HMIL) is a wholly-owned subsidiary of Hyundai Motor Company (HMC). The company provides comprehensive mobility solutions, with an extensive network of 1,366 sales outlets and 1,550 service centres across India. The company has a car portfolio of about 13 models, including the much popular, Creta, i20, Venue among others. Hyundai Motor India has the market capitalisation of Rs 1,55,057.22 crore.