'From Creta dreams to second-hand Santro reality': Hyundai IPO stumbles on debut, investors turn to memes to cope with losses

Hyundai Motor's much-anticipated IPO debuted on October 22, 2024, at ₹1,934 on the National Stock Exchange (NSE), a 1.3% discount on its issue price of ₹1,960. On the Bombay Stock Exchange (BSE), the stock opened at ₹1,931, reflecting a 1.5% drop. The disappointing debut sparked humorous reactions on social media, while Hyundai, despite its lukewarm start, remains a key player in India's automobile market with a market capitalization of over ₹1.59 lakh crore.