5 BIGGEST IPOs IN INDIA SO FAR AND THEIR PERFORMANCES
Published By Veerang Vats | 16 Oct, 2024
With the launch of Hyundai Motor India's record-setting IPO, the performance of previous major public issues is back in focus. While most big IPOs have underperformed, some have offered impressive returns.
Credit : PEXELS
Here's a list of 5 biggest IPOs in India so far and their performances:
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LIC IPO
The ₹21,008 crore LIC IPO debuted in May 2022 at ₹904, slightly below issue price of ₹948. As of October 14, 2024, shares traded at ₹960, reflecting a 1.2% return from IPO price.
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Paytm IPO
One97 Communications, parent company of Paytm, launched its ₹18,300 crore IPO in November 2021 at ₹2,150 per share. Currently, Paytm's stock trades at ₹724, down over 66% from its issue price.
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Coal India IPO
Coal India’s ₹15,200 crore IPO in November 2010 was priced at ₹245 per share. With shares now around ₹500, the company has delivered over 104% gains to investors.
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Reliance Power IPO
Reliance Power's IPO in February 2008 raised ₹11,560 crore at ₹281 per share. Its stock has since plunged over 84%, trading significantly below its initial price.
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GIC IPO
GIC's IPO in October 2017 had an issue price of ₹912 per share. Despite a 1:1 bonus in 2018, the stock is down about 14%, even after the adjustment for the bonus issue.