Hyundai K-drama flops on D-Street. Is the largest IPO tag a crown of thorns?

Hyundai India's IPO launched with a loss, despite high ratings from multiple brokerages. Shares fell up to 6%. Previous large IPOs like Paytm and LIC also faced similar debuts. High IPO size and valuations were major factors. Despite this, Hyundai remains strong due to its market position and strategic focus on the SUV segment.