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Hyundai IPO GMP jumps to 5% after predicting 3% loss for investors
short by Debaroti Adhikary / on 21 Oct 2024,Monday
The unlisted shares of Hyundai Motor India were trading at a grey market premium (GMP) of 5% on Monday, ahead of its market debut on Tuesday. This comes days after the GMP for India's largest-ever IPO turned negative, predicting around 3% loss for IPO investors. Grey market premium indicates investors' readiness to pay more than the issue price.
short by Debaroti Adhikary / 11:57 am on 21 Oct
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