By:- B.T Team
Image Credit:- Google
Hyundai Motor India’s IPO GMP has witnessed unprecedented demand, with some investors already anticipating it to be one of the highest in the automobile sector.
Record-Breaking Investor Interest:
Even before the official IPO announcement, Hyundai's Grey Market Premium (GMP) was being speculated to be in the double digits, indicating high pre-IPO demand.
Double Digit GMP Before Announcement:
First Global Automaker IPO in India in 20 Years:
Hyundai Motor India’s IPO marks the first time in two decades that a global automobile brand is going public in the Indian stock market.
Anticipated IPO Size:
While the exact figures are yet to be confirmed, Hyundai's IPO is expected to be one of the largest in India’s automotive history, dwarfing previous automotive IPOs.
Major institutional investors are lining up, making Hyundai’s IPO GMP one of the most heavily influenced by large-scale investor interest.
Institutional Investor Rush:
Rare Pre-IPO Discount:
Reports suggest some early investors managed to get shares at a discounted rate in pre-IPO placements, which is highly unusual for a high-demand IPO.
First Automaker to Issue ESG-focused Shares:
Hyundai is rumored to be issuing a portion of shares with an ESG (Environmental, Social, Governance) focus, attracting sustainability-focused investors.
Boost from EV Segment:
Hyundai’s focus on Electric Vehicles (EV) has been a key driver of its strong GMP, with market analysts predicting future growth thanks to the company’s green mobility initiatives.
The IPO timing during India’s festival season is seen as a strategic move, further boosting Hyundai’s GMP in anticipation of a market surge.
Hyundai’s Plan to Use IPO Funds for Innovation:
Hyundai plans to utilize a significant portion of the IPO proceeds for R&D in autonomous and hydrogen-powered vehicles, creating excitement around the IPO’s future growth prospects.