Tue Oct 22 18:57:25 UTC 2024: **Summary of the News Article:**
– **IPO Allotment**: The allotment for Hyundai Motor’s IPO has been completed, and investors can check their allotment on the BSE website or through KFintech.
– **IPO Details**: The IPO was open for retail investors from October 15 to 17, with a price range set between ₹1,865 and ₹1,960 per share.
– **Bidding Activity**: The IPO received more than double the bids on the final day, but retail investor enthusiasm was noted to be low on the third day.
– **Listing Date**: Hyundai is expected to list its shares on BSE and NSE on October 22.
– **Grey Market Performance**: The IPO is trading at a premium of ₹73 in the grey market, which has increased by ₹28 from the previous day, indicating potential profits for investors at listing.
– **Checking Allotment**: Investors can check their allotment via a direct link on the BSE website or through KFintech.
– **Investment Recommendations**: Most brokerage houses have advised subscribing to the IPO, citing strong growth potential and a robust lineup of SUV products.
– **Retail Investor Caution**: There has been limited enthusiasm among retail investors due to high valuations, declining grey market premiums, and weaker demand in the auto industry during the festival season.
First Piper 