Hyundai Motor India made a lackluster debut on the stock exchanges, listing below its IPO price. Shares were trading lower on the National Stock Exchange.

The company's chief operating officer mentioned that the IPO attracted interest from sovereign funds, insurance companies, and mutual funds, but the stock price will ultimately be determined by investor sentiment.

Emkay Global Financial Services has initiated coverage on Hyundai Motor India with a 'reduce' rating, citing concerns over future earnings growth. Factors such as a lack of major product launches, elevated royalty payments, and diminished treasury income are expected to hinder EPS growth. The size of the IPO reflects strong interest, but market performance remains uncertain.