Mon Oct 21 09:59:54 UTC 2024: **Summary of Hyundai Motor IPO Listing News:**

1. **IPO Allotment**: Hyundai Motor’s IPO allotment has been concluded, and investors can check their allotment status via the BSE website or KFintech.

2. **Subscription Period**: The IPO was open for retail investors from October 15 to October 17, with a price band set between ₹1865 and ₹1960 per share.

3. **Subscription Rate**: The IPO received over 2 times subscription by the final day, although there was a noted lack of enthusiasm among retail investors.

4. **Listing Date**: The company’s shares are scheduled to be listed on BSE and NSE on October 22.

5. **Grey Market Performance**: As of October 20, 2024, the IPO is trading at a ₹73 premium in the grey market, indicating improved conditions compared to previous days when shares were available below issue price.

6. **Investor Sentiment**: Despite the positive grey market signals, retail investors have shown limited enthusiasm, citing high valuations, dwindling grey market premiums, and weak demand in the auto industry during the festive season.

7. **Cautionary Note**: The article emphasizes that this is not investment advice, and investors should consider expert opinions before making investment decisions.

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