Why Hyundai's ₹28,000 crore mega IPO flopped
Hyundai's ₹28,000 crore IPO, while oversubscribed by institutional investors, failed to capture retail investor interest, with only a 50% subscription rate. Market conditions, flattish stock sentiments, and weak retail demand contributed to its underperformance. Despite strong financials, Hyundai's stock may struggle to perform post-listing.