Conclusion: Avoid ๐
Reasons
85%% of the largest IPO never made returns to investors
Over valuation
Issue is 100% offer for sale
(Meaning money is not going for investment instead it goes to early investor pocket
3% GMP
Parent company (HMC) itself is $44B valuation whereas just 17.5% of Hyundai motors India is asked for $17.5B
Credit : @TrendFollowingwithManoj