15 october 2024 : Hyundai Motor India’s much-anticipated initial public offering (IPO), valued at ₹27,870.16 crore, opens for subscription today (October 15). This IPO will become the largest in India, surpassing the previous record set by the Life Insurance Corporation of India (LIC). It also marks the first IPO from a car manufacturer in the country since Maruti Suzuki India’s IPO in 2003.
While some IPOs, such as Paytm, Reliance Power, General Insurance Corporation of India, and New India Assurance, have resulted in losses for investors, others like Coal India, Zomato, and HDFC Life Insurance have provided positive returns.
Here’s a summary of the five largest IPOs in India and their performance:
GIC India: The General Insurance Corporation (GIC) IPO, which debuted in October 2017 at an issue price of ₹912 per share, is now down approximately 14%.
LIC IPO: The ₹21,008 crore LIC IPO is still the largest in India. It debuted in May 2022 at ₹904 per share, which was lower than the issue price of ₹948. Currently, LIC’s stock trades around ₹960.
Paytm IPO: One97 Communications, the parent company of Paytm, launched its ₹18,300 crore IPO in November 2021 at an issue price of ₹2,150 per share. The stock is now trading at approximately ₹724 per share.
Coal India: Coal India’s ₹15,200 crore IPO was launched in November 2010, priced at ₹245 per share. It is currently trading at around ₹500 per share, reflecting a gain of over 104%.
Reliance Power: Launched in February 2008 with a ₹11,560 crore IPO at an issue price of ₹281 per share, Reliance Power is now trading more than 84% below its issue price.
