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Hyundai Motor India IPO Sees Sharp Decline in Grey Market Premium Amid Subdued Investor Interest

The grey market premium (GMP) for Hyundai Motor India’s unlisted shares has dropped sharply, falling to 0.87 per cent, indicating weak market sentiment surrounding the automaker’s Initial Public Offering (IPO). This is a notable decline from the Rs 147 or 7.5 per cent GMP recorded on October 9, when Hyundai Motor revealed its IPO price band, according to grey market…