Overview

• Hyundai Motor India's IPO is the largest in Indian history, aiming to raise $3.3 billion through a 100% offer for sale by the Korean parent company.
• As of the second day of bidding, the IPO has only achieved 42% subscription, with institutional investors showing more interest than retail investors.
• Market analysts attribute the weak demand to high valuations and a lack of fresh capital for expansion, as the IPO is solely for stake dilution.
• Social media reactions highlight concerns over the promoters' intent to cash out rather than fund growth, potentially impacting future stock performance.
• The IPO's success is crucial for Hyundai, as it seeks to enhance its brand visibility and liquidity in the Indian market, with shares set to start trading on October 22.