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The GMP for Hyundai India is declining ahead of the IPO opening next week, with shares currently commanding a GMP of approximately Rs 139, reflecting a marginal premium of 7% over the issue price. The IPO consists of a complete OFS of 14.2 crore shares by the Korean parent company, priced between Rs 1,865 and Rs 1,960. At the upper end of this range, Hyundai India is valued at Rs 1.6 lakh crore.
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There is no doubt that a college education is a key ingredient in future success although these days its harder to find a skilled plumber or electrician than a liberal arts grad driving an Uber.
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Star fund manager Saurabh Mukherjea, who runs Marcellus PMS, has exited five mid and small-cap stocks while introducing two new investments: Go Digit General Insurance and Jash Engineering. In its mid-cap-focused Rising Giants and small-cap-heavy Little Champs funds, Marcellus has made these strategic additions to enhance its portfolio.
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News and Media
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