Hyundai India fends off a scare as IPO booked 2.37 times on last day, but GMP down to 0

Hyundai India's IPO closed with subscription of 2 times, driven by institutional investors. Retail and non-institutional investors didn't fully subscribe due to expensive pricing. Grey market premium fell to 0. Analysts suggest long-term investment in Hyundai IPO due to its strong position in the growing passenger vehicle market.