Hyundai India IPO Listing: Hyundai India IPO listed, more shares broken after entry at 1.48% discount

Hyundai India IPO Listing : The IPO of Hyundai India, the country's largest IPO, has been listed on the stock market today. Shares of Hyundai Motor India Limited, the Indian unit of South Korean car manufacturing company Hyundai, were listed in the market on Tuesday with a decline of more than one percent against the offer price of Rs 1,960. It was bid more than 2 times overall but it opened at a 1.48% discount to the issue price (₹1,960) on Tuesday and later fell further. Today it was listed at ₹ 1,931 on BSE and ₹ 1,934 on NSE.

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The price range of Rs 1,865-1,960 per share was fixed for Hyundai Motor India Ltd's Rs 27,870 crore IPO. But it has disappointed investors upon listing. And even after listing it continues to decline. In such a situation, should you hold it or sell it? Let us know what they say.