IPO debut, opening at Rs 1,934 against the IPO price of Rs 1,960. Despite initial performance, strong fundamentals and strategic focus support long-term potential.

Shares of Hyundai Motor made a muted debut on the bourses on Thursday, October 17 as they listed at ₹1,934 on NSE, a discount of 1.3 percent over the issue price of ₹1,960. Meanwhile, on BSE, it listed at ₹1931,

The stock fell 34% when trading commenced but recovered to close at 1,819.6 rupees, down 7.16% from its IPO price, on the first day of trading in Mumbai. The company’s IPO was priced at 1,960 rupees a share, at the top end of its marketed range. Shares of parent company Hyundai Motor edged down about 1% in South Korea.