Swiggy’s $1.3B IPO Faces Festive Market Uncertainty Amid Investor Caution

Hyundai Motor India’s shares dropped nearly 6% on their Mumbai debut, trading at ₹1,844.65 despite being priced at ₹1,960. The IPO raised $19 billion, but the valuation, five times that of its Korean parent, felt steep to some analysts. While institutional demand surged, retail participation lagged, with only half of their allocated shares bought.

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