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IPO Overview
The Hyundai Motor IPO is set to open for subscription from October 15, 2024, to October 17, 2024. As anticipation builds, let’s delve into the latest updates, particularly focusing on the Grey Market Premium (GMP).
Hyundai Motor IPO GMP Today Status
- Last Updated: October 13, 2024
- Last GMP: ₹64
- IPO Price Band: ₹1,960.00
- Estimated Listing Price: ₹2,024 (calculated as IPO price + GMP)
- Expected Percentage Gain/Loss: 3.27%
GMP Trends of Hyundai Motor IPO
The following table summarizes the GMP movement leading up to the IPO:
| Date | IPO Price | GMP | Estimated Listing Price | Movement |
|---|---|---|---|---|
| 13-10-2024 | ₹1,960.00 | ₹64 | ₹2,024 | Down |
| 11-10-2024 | ₹1,960.00 | ₹75 | ₹2,035 | Down |
| 10-10-2024 | ₹1,960.00 | ₹132 | ₹2,092 | Down |
| 09-10-2024 | ₹1,960.00 | ₹175 | ₹2,135 | Up |
| 08-10-2024 | ₹1,960.00 | ₹147 | ₹2,107 | Down |
| 07-10-2024 | N/A | ₹270 | ₹270 | Down |
Market Sentiment
The GMP has shown a downward trend recently, indicating a cautious market sentiment towards the IPO. The highest recorded GMP was ₹570, while the lowest was ₹0, demonstrating significant volatility.
Investment Considerations
Investing based solely on GMP can be risky due to its volatility. It’s essential to consider various factors such as:
- Market conditions
- Company fundamentals
- Economic indicators
Key IPO Dates
Here’s a timeline for the Hyundai Motor IPO:
| Activity | Date |
|---|---|
| IPO Open Date | October 15, 2024 |
| IPO Close Date | October 17, 2024 |
| Basis of Allotment | October 18, 2024 |
| Refunds Initiation | October 21, 2024 |
| Credit of Shares to Demat | October 21, 2024 |
| IPO Listing Date | October 22, 2024 |
The Hyundai Motor IPO presents an intriguing investment opportunity, but potential investors should weigh the GMP alongside other financial indicators and market conditions. Always consult with a financial advisor before making investment decisions to navigate the complexities of the stock market effectively.
