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Hyundai India IPO: Rs 27,870 crore mega issue fully subscribed on final day, but GMP slides below 1%

The Hyundai India Initial Public Offering (IPO) has captured the attention of investors and market analysts alike with its massive Rs 27,870 crore issue. Despite receiving a remarkable response, the Grey Market Premium (GMP) of Hyundai India’s shares has slid below the 1% mark on the final day of the subscription period. This shift has left many wondering about the reasons behind it and what it means for investors in the long run.

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