This is the first IPO for a unit of the South Korean automaker outside South Korea. Unlike a traditional IPO, in which a firm sells fresh shares, Hyundai Motor India's listing is

The grey market premium for Hyundai IPO has dropped to 2%, with shares trading at a premium of Rs 45-50 above the issue price of Rs 1,960. This represents a decline from the earlier peak of 5%, though it also reflects a recovery from yesterday dip of -3%.

Shares of Hyundai Motor India Ltd. are set to start trading in Mumbai on Tuesday after a $3.3 billion initial public offering that was the South Asian nation’s largest ever.

Hyundai Motor India, part of South Korean automotive giant Hyundai Motor, is set to make its stock market debut on Tuesday. Shares of the automobile company will start trading on the Indian stock market, following last week's $3.3 billion IPO subscription process.

Shares of Hyundai Motor India are currently priced at ₹2,008 in the unlisted market today. Despite the decline in GMP, the stock is still expected to see a modest debut on the bourses.