Hyundai Motor India's $3.3 billion IPO was 18% subscribed on the first day of bidding on Tuesday, led by employees who placed orders for four-fifths of the shares reserved for them in the country's largest share sale yet.

Investors should consider holding Hyundai Motor India shares for at least a year to achieve substantial returns. Despite a modest listing

India’s unregulated gray market is indicating that the excitement around Hyundai Motor India Ltd.’s $3.3 billion initial public offering — poised to be the country’s biggest ever — is cooling.