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

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.

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%.

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.

Hyundai Motor India shares are showing a volatile trend in the grey market. After dropping to a negative figure last week, Hyundai IPO GMP today is in the range of ₹65 - 70 per share.

The initial public offering, which opened on October 15, has seen a rollercoaster ride in terms of investor interest and grey market performance.

The highly anticipated listing of Hyundai Motor India Ltd.’s initial public offering (IPO), the largest in India’s history, is set for tomorrow2. While the IPO saw tepid demand from retail investors,