By Nandan Mandayam and Dhwani Pandya BENGALURU/MUMBAI (Reuters) -Hyundai Motor India shares fell 7.2% on their market debut on Tuesday after retail investors gave a lukewarm reception to the country's biggest ever initial public offering (IPO) amid concerns about a lofty valuation and an auto industry slowdown.

The Hyundai Motor India IPO is an offer for sale, meaning Hyundai Motor Company will be the sole recipient of the funds raised.

Shares of Hyundai Motor made a muted debut on the bourses on Thursday, October 17 as they listed at ₹1,934 on NSE, a discount of 1.3 percent over the issue price of ₹1,960. Meanwhile, on BSE, it listed at ₹1931,

Hyundai Motor India's shares dropped 5 per cent in their market debut on Tuesday (Oct 22), after a tepid response from retail investors to the country's largest ever initial public offering over its pricing.

Hyundai Motor India Ltd has made a mark on the Indian automotive industry by becoming the fifth most valuable automaker in the country, boasting a market capitalization of over Rs 1.59 lakh crore following its recent listing.

Hyundai Motor India Limited (HMIL) experienced a disappointing debut on the stock market on Tuesday, with shares listing below their issue price. The stock opened at Rs 1,931 on the Bombay Stock Exchange (BSE),

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Hyundai Motor India's shares fell 2% in their market debut on Tuesday, after a tepid response from retail investors to the country's largest ever initial public offering.

Hyundai Motor had a lacklustre 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.

The Hyundai Motor India shares have dropped over 5 per cent following a debut today. On both the bourses, the share price experienced a decline. Read for all the details.