Tue Oct 15 07:14:55 UTC 2024: ## Hyundai Motor India IPO Opens for Retail Investors Today: Experts Recommend Subscription

**Chennai, India** – Hyundai Motor India’s Initial Public Offering (IPO) is now open for retail investors, marking the largest IPO in the country’s history. The company aims to raise ₹28,780 crore through the offering, surpassing the previous record set by LIC at ₹21,000 crore.

The IPO price band has been fixed at ₹1865 to ₹1960 per share, and several experts are advising investors to subscribe.

**Positive Market Sentiment:**

* **Grey Market Premium:** The grey market premium has remained stable at ₹45, indicating strong investor interest.
* **Brokerage Recommendations:** Top brokerages like ICICI Securities, Sharekhan, SBI Securities, Anand Rathi, Aditya Birla Capital, and others have recommended subscription for the IPO, citing Hyundai’s strong financial position and long-term growth potential.

**Factors Favoring Hyundai IPO:**

* **Strong SUV Portfolio:** The company’s focus on SUVs is expected to drive continued financial success.
* **International Expansion:** Hyundai has a strong presence in overseas markets, with exports contributing 21% of its revenue in FY24.
* **Long-Term Growth Potential:** Experts believe Hyundai will deliver double-digit returns to investors in the medium to long term.

**Potential Risks:**

* **Increased Competition:** The automotive industry is increasingly competitive, which could impact Hyundai’s market share.
* **New Product Launches:** The introduction of new vehicles from rivals could affect Hyundai’s sales.

**Disclaimer:** This information is for informational purposes only and should not be construed as investment advice. The share market involves inherent risks, and investors should conduct their own due diligence before making any investment decisions.

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