Paper Key : IRJ************438
Author: Prof. Purnima Sarkar ,Sudhanshu Kumar
Date Published: 19 Nov 2024
Abstract
This report presents an in-depth analysis of the Hyundai Motor India IPO, one of the largest and most publicized IPOs in recent times. It examines key factors behind the IPOs performance, particularly the subscription patterns of retail investors, Qualified Institutional Buyers (QIBs), Domestic Institutional Investors (DIIs), and Foreign Institutional Investors (FIIs). Despite Hyundai's strong brand reputation and extensive pre-IPO marketing, the IPO saw a cautious response from retail investors, possibly influenced by the underperformance of recent high-profile IPOs like LIC and Paytm. The report evaluates Hyundais Gray Market Premium (GMP) trends before and during the subscription phase and how fluctuations in GMP may have affected investor confidence. Additionally, this study compares Hyundais market impact with other landmark IPOs to provide insights into evolving retail investor preferences in high-value offerings, assessing the factors that drive interest in established sectors like automotive over high-growth sectors. An analysis of Hyundai's post-listing performance versus initial expectations highlights broader trends in the Indian IPO market and the impact of sector dynamics on subscription levels. This report aims to inform future IPO strategies by offering a comprehensive perspective on retail investor behavior and the changing landscape of high-stakes IPOs.Keywords:Gray Market Premium (GMP), IPO,Qualified Institutional Buyers (QIB), institutional investors