India's initial public offering (IPO) frenzy appears to be cooling off, according to recent market trends. The tepid opening of Hyundai's IPO is seen as a sign that the enthusiasm for new listings may be waning. Despite earlier expectations of strong demand, investors seem less enthusiastic about Hyundai's offering.

Source: https://www.bloomberg.com/news/newsletters/2024-10-22/india-s-ipo-frenzy-cools-with-tepid-open-for-hyundai