Hyundai Motor India IPO: Limited listing gains? Why this issue is for long-term investors

At the upper end of the price band Rs 1,865-1,960, Hyundai Motor India is seeking a valuation of 26 times EPS, 16.5 times EV/Ebitda and 2.3 times price-to-sales on FY24 basis, which is at a tad discount to industry leader i.e. Maruti Suzuki India.
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