By Debdeep Gupta | 22 Oct, 2024
Short call | How Hyundai Motor's debut could send markets into a spin; IndiaMart InterMesh, Gravita India in focus
All eyes are on the much-anticipated debut of Hyundai Motor India’s Rs 27,870 crore IPO—the largest in India’s history. As a household name, Hyundai's mega offering initially dazzled investors, but its steep valuations, all-offer-for-sale structure, hefty royalty payouts, and overall tepid demand scenario left retail participants hesitant, with only 50 percent of their allocated shares subsc...