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Hyundai Motor India IPO gets slow start: 0.11 times subscription received, GMP falls 1%

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Hyundai Motor India, the Indian arm of South Korean automaker Hyundai Motor, launched India's biggest IPO today, but it has received a lukewarm response from investors so far. According to NSE data, as of 12:24 pm on Tuesday, Hyundai Motor India's IPO was subscribed for only 1,06,56,219 shares as against 9,97,69,810 shares (…).

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