Hyundai IPO GMP jumps to 5% after predicting 3% loss for investors
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.