IPOs

Before Hyundai, LIC and Paytm were the largest Indian IPOs. LIC's returns have been modest although Paytm has seen a sharp decline. Concerns persist over Hyundai IPO due to high valuations and lack of fresh capital raise.

Here is the list of top Indian IPOs and their performance

At ₹21,008 crore, the LIC IPO debuted at ₹904 per share in May 2022 below issue price of ₹948. As of October 14, 2024, it traded around ₹960, reflecting a modest 1.2% return over IPO price.

One97 Communications' ₹18,300 crore IPO was launched in November 2021 at ₹2,150 per share. However, its stock has plummeted over 66% and is trading at approximately ₹724.

The ₹15,200 crore IPO, launched in November 2010, priced at ₹245 per share has been a multibagger success, with shares now trading around ₹500, yielding over 104% gains.

Launched in February 2008 at ₹281 per share, Reliance Power’s IPO raised ₹11,560 crore but has since seen its stock decline over 84%.

Set to open from October 15 to 17, Hyundai’s IPO aims to raise ₹27,870.16 crore, priced between ₹1,865 and ₹1,960 per share. Analysts caution against high valuations and 100% Offer for Sale (OFS) nature of the issue, with no funds going to the company.