Will The Hyundai India IPO Sail Through On Day 3? Deven Choksey's View

Hyundai India's IPO Struggles as it Enters Final Day: What Does it Mean for Investors? India's largest IPO offering, Hyundai India, has entered its third and final day, but investor enthusiasm remains low, with only 42% of the total issue subscribed and retail participation at just 38% (by the end of Day 2). Why has Hyundai's IPO had a slow start, and does this suggest that the upcoming Waaree Energies IPO might be a better opportunity? Deven Choksey, MD of DR Choksey FinServ Private, explains that the market seems uncertain about Hyundai’s IPO, as funds are flowing to the promoters. He views Hyundai’s IPO as more suited for institutional investors, who may take advantage of the promoters' share sale, rather than retail investors. Watch this video for a deeper analysis!