The Grey Market Premium (GMP) for Hyundai Motors indicates a downward trend ahead of its listing next Tuesday, potentially leading to a flat debut.

The portion allocated to qualified institutional buyers (QIBs) garnered only 13,89,647 bids, representing 5 percent of the 28,283,260 shares reserved for them.

The Hyundai IPO is poised to raise approximately ₹28,000 crore, with a price band set between ₹1,865 and ₹1,960 per share.

Mercedes-Maybach EQS, MG Windsor EV, Tata Nexon CNG, new-gen Maruti Suzuki Dzire, Tata Curvv ICE, and Hyundai Alcazar facelift are set to hit the road in September.