India’s Biggest IPOs: Hyundai, LIC, Coal India and More
Business Desk | October 11, 2024
At the upper end of the price band, the IPO size has been pegged at Rs 27,870 crore and the company’s market valuation at around Rs 1.6 lakh crore post-issue.
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LIC’s RS 21,000 crore IPO in 2022 was the biggest initial share sale until now. The government launched to help meet a broader state asset divestment target.
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Shares of One97 Communications, the parent company of Paytm made the market debut in 2021. The issue size for the offer was Rs 18,300 crore.
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The PSU had sought Rs 15,199 crore in its IPO in 2010. The share price of the state-owned company jumped 40% on listing.
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Anil Ambani-led Reliance Power filed to go public in 2008, aiming to raise Rs 11,563 crore. It was fully subscribed after bids opened.
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The state-run insurer on the list, GIC filed for an IPO to raise Rs 11,175 crore in 2017.
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Food & grocery delivery company Swiggy has filed papers for an IPO that is expected to be worth Rs 11,700 crore.
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As many as 63 companies have mobilised around Rs 64,000 crore collectively via mainboard, marking a 29 per cent increase from Rs 49,436 crore collected by 57 firms through the route in the entire 2023.
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