The Hyundai India IPO is generating considerable buzz as it approaches its listing date. Following a period of volatility, GMP for the IPO has rebounded to positive territory, signaling renewed investor confidence.

Hyundai Motor India Ltd (HMIL) shares are set to debut on the BSE and NSE on October 22, following a strong 237 percent subscription rate for its Rs 27,870-crore offer.

The company’s solid financial performance and promising growth prospects in the automotive sector have captured investor interest. Additionally, Hyundai’s focus on innovation and sustainability aligns with prevailing market trends.

Future Outlook

Currently, Hyundai shares are trading at Rs 2,067 in the grey market, reflecting a premium of approximately Rs 101-107 over the issue price of Rs 1,960. If this upward trend persists, analysts predict that Hyundai’s stock could see gains upon its listing on October 22.

A week ago, Hyundai was not on the list of investors as they with around minus 2% GMP last week, which indicated a loss of their interest. These shares are now likely to give a listing gain of around 5% tomorrow. This has gained the interest again of catching the most reliable automotive IPO.

Latest Market Updates

According to market observers and different reports, the unlisted shares of Hyundai Motor India Ltd are currently trading at a GMP of Rs 95 above the issue price, suggesting an anticipated listing gain of 4.85%. The GMP fluctuates based on market sentiment.

Previously, on October 18, the GMP was at minus Rs 32, indicating expectations of a negative listing. The GMP had been on a downward trend, falling from Rs 175 on October 9 to Rs 5 on the last day of bidding. Today it rebounded sharply to Rs 95.

The grey market premium reflects investors’ willingness to pay above the issue price.

Here Is How To Check Your Application

After the share allocation announcement, applicants can check the status of Hyundai’s IPO allotment online by visiting the BSE website at bseindia.com or through the official registrar, KFintech. To access the allotment status, users can log in via the direct BSE link at bseindia.com/investors/appli_check.aspx or the KFintech link at kosmic.kfintech.com/ipostatus.

To check Hyundai IPO allotment status online on the BSE website, you need to log in at the direct BSE link and follow the step-by-step guide:

• 1] Login at the direct BSE link — bseindia.com/investors/appli_check.aspx;
• 2] Select ‘Equity’ in the issue type option;
• 3] Select ‘Hyundai Motor India Limited’;
• 4] Fill the application number or PAN card details in the given space;
• 5] Click on ‘I’m not a robot’ and
• 6] Click on the ‘Search’ option.