Hyundai shares fall 1.3% on market debut after India’s biggest IPO

MUMBAI — Shares in Hyundai Motors India fell 1.3% in their debut on Tuesday after the company raised $3.3 billion in the South Asian nation's biggest IPO to date and the second-biggest share sale globally this year.

The automaker's $3.3 billion initial public offering was more than 2.3 times oversubscribed on Thursday, largely driven by qualified institutional investors as retail investors pulled back.