Hyundai IPO opens tomorrow: Can investors ignore these two red flags?

Some investors are hesitant about Hyundai's IPO price, considering it expensive at Rs 1,960 per share. This pricing puts Hyundai's estimated price-to-earnings ratio at 26 times its projected FY25 earnings, higher than competitor Maruti Suzuki's 22x and the industry average of 24.41x. It's also significantly higher than its parent company Hyundai Motor Global's PE ratio of 5x, which might make some investors wary.