Hyundai Motor's grey market premium crashes over 90% ahead of IPO launch

The grey market premium of Hyundai Motor India's shares has declined to just ₹38 ahead of the IPO launch. This marks a significant decline of more than 90% from a premium of ₹570 two weeks ago. The IPO is set to be the biggest-ever in Indian history and the first by an automaker since Maruti Suzuki's public issue in 2003.