新湖畔网 （随信APP) | 现代汽车印度股份首次上市后股价下跌，创下IPO纪录

现代汽车董事长郑宜顺（左三）及其他高管在周二庆祝公司印度单位在股市上市成功- 版权 AFP Indranil MUKHERJEE

现代汽车在周二在印度市场上表现平平，此前在该国史上规模最大的首次公开发行中筹集了33亿美元，股价早盘下跌近五个百分点。

全球第五大经济体蓬勃发展的股市在过去两年引发了IPO狂潮，初创企业和老牌公司纷纷从投资者手中募资数十亿美元。

这次IPO估值现代汽车在印度的子公司（按销量计算）达到约190亿美元，韩国母公司提供了可购买的17.5％股份。

这家汽车制造商的股价在交易的第一个早晨下跌至1,870卢比（22.34美元），比发行价1,960卢比下跌超过4.5％。

现代汽车集团执行董事长郑宜顺在孟买上市仪式上表示，“我们的印度之旅始于1996年…如今，28年后，我们通过推出史上最大的印度IPO进行上市。”

他补充说，“从一开始，我们就知道印度是未来”，“今天的IPO…展示了我们对这个伟大国家的承诺。”

虽然现代汽车印度的IPO超额认购了两倍以上，但零售投资者仅认购了为他们保留的一半股份。

一些分析师指出公司的估值可能会限制上市收益。

安迪塔比尔拉资本的Mihir Manek在上市前表示，尽管在印度的现代汽车前景“仍然强劲”，但发行价格“算是高估了”。

困扰这次IPO的其他问题包括城市消费者信心下降影响了印度的汽车销售。

9月份零售车辆销售下降超过九个百分点，汽车经销商协会表示汽车库存已达到“历史上80-85天的高水平”。

现代汽车在20世纪90年代末和21世纪初在印度掀起了流行的小型车和轿车热潮。

最近，该汽车制造商凭借更大型号取得了成功，印度客户对其运动型多用途车Creta需求旺盛。

它是少数在全球最人口众多的国家留下印记的外国汽车公司之一，而美国竞争对手福特和通用汽车在努力获取市场份额方面遇到了困难。

现代汽车印度董事总经理金沧宇在两周前告诉记者，这家韩国公司将利用IPO资金投入“新产品”和研发。

Hyundai chair Euisun Chung (3L) and other executives celebrate the stock market listing of the company's India unit on Tuesday - Copyright AFP Indranil MUKHERJEE

Hyundai Motor had a lackluster Indian market debut on Tuesday after raising $3.3 billion in the country's biggest-ever initial public offering, with shares down nearly five percent from their issue price in early trade.

A booming stock market in the world's fifth-largest economy has stoked an IPO frenzy over the last two years, with start-ups and established companies alike scooping up billions of dollars from investors.

The IPO had valued Hyundai's India unit, the country's second-largest car maker by sales, at about $19 billion, with the South Korean parent firm putting up a 17.5 percent stake for purchase.

Shares of the automaker fell in the first morning of trade to 1,870 rupees ($22.34), down more than 4.5 percent from their issue price of 1,960 rupees.

"Our journey in India began in 1996... and now, 28 years later, we are going public by launching India's largest IPO in history," Hyundai Motor Group executive chair Euisun Chung said at the listing ceremony in Mumbai.

"From the beginning, we knew that India was the future," he added. "Today's IPO... demonstrates our commitment to this great nation."

While shares in Hyundai Motor India's IPO were oversubscribed more than two times, retail investors snapped up only half the tranche reserved for them.

Some analysts had noted that the company's valuation could limit listing gains.

Mihir Manek of Aditya Birla Capital said prior to the listing that while Hyundai's outlook in India "continues to be strong", the offering was at a "rich valuation".

Other concerns that dogged the IPO included a decline in urban consumer sentiment hitting India's automobile sales.

Retail vehicle sales fell by more than nine percent in September, with the Federation of Automobile Dealers Associations saying car yards had reached "historically high inventory levels of 80-85 days".

Hyundai made a splash in India during the late 1990s and early 2000s with its popular small cars and sedans.

The automaker has more recently seen success with larger models, including strong demand from Indian customers for its sports-utility vehicle the Creta.

It is one of the few foreign car companies to have left a mark on the world's most populous country, with US rivals Ford and General Motors having struggled in their efforts to gain a market toehold.

Hyundai Motor India managing director Unsoo Kim told reporters two weeks ago that the South Korean firm would use the IPO capital to invest in "new products" and research and development.