Hyundai Motor India shares list at 1% discount over IPO price
The listing of the Indian subsidiary of the South Korean automaker was lower than Street expectations as the stock was commanding GMP of ₹48 in the grey market.
The listing of the Indian subsidiary of the South Korean automaker was lower than Street expectations as the stock was commanding GMP of ₹48 in the grey market.
Hyundai Motor shares were commanding GMP of ₹75 in the grey market today, estimating listing price to be around ₹2,035, a premium of 3.83% over the IPO price.
The listing of Garuda Construction was better than market expectations as the stock was trading flat in the grey market.
Post listing, Diffusion Engineers shares gained as much as 20.9% to touch a high of ₹203.17 on the NSE, while m-cap rose to ₹760.4 crore.
Undermining weak cues from the broader market, KRN Heat Exchanger shares listed at ₹480 apiece on the NSE against the issue price of ₹220.
Post listing, Manba Finance shares touched a high of ₹157.45 on the BSE, up 31% over the IPO price, while the market capitalisation rose to ₹791 crore.
Early today, the shares of P N Gadgil Jewellers listed at ₹834 on the BSE, a premium of 73.75% over the IPO price of ₹480 apiece.
Post listing, shares of Kross gained 10.7% to ₹265.65, while Tolins Tyres hit 5% upper circuit limit of ₹238.30 on the BSE.
Bajaj Housing Finance shares are expected to list at a premium of 108% over the IPO price of ₹70 apiece, with m-cap seen doubling from ₹58,300 crore at the time of the issue.
The average listing day gains of the 30 IPOs listed in FY25 (as of September 10) is 33.5%, which increased from 29% in FY24 and 9% in FY23.