[Music] shares of Hyundai’s India unit debuted on Tuesday after the country’s biggest listing ever the $3.3 billion IPO sets the tone for other Billion Dollar Plus public offerings expected in India with Hyundai’s proceeds Indian IPOs have now raised more than $1 billion this year but that’s still below the record $17.8 billion they raised in 2021 but India’s IPO frenzy is far from over like Hyundai Korean conglomerate LG Electronics is reportedly preparing its Indian unit to go public investors have also set their sights on food delivery company swiggy and the renewable energy arm of ntpc a state run power producer new listings in India have risen by an average of 39% on their first trading day but the fall in Hyundai India shares reflect the challenging environment for automakers still India’s low car penetration presents an opportunity with at least three brokerages coming out with a buy recommendation on the stock