Hyundai Motor India shares fall 3% after lackluster stock market debut

The stock opened at ₹1,931 on the Bombay Stock Exchange (BSE), lower than the issue price of ₹1,960, reflecting a decline of 1.5 per cent. On the National Stock Exchange (NSE), shares listed at ₹1,934. Following the initial trading, Hyundai's share price further fell 3 per cent.

The initial public offering (IPO) of India's largest IPO Hyundai Motor India raised ₹27,870.16 crores through an offer for sale of 14.22 crore shares.

The IPO's pricing range was set between ₹1,865 and ₹1,960 per share, with the final issue price settled at the higher end of the band, ₹1,960. The subscription period for the IPO was open from October 15 to October 17.