In the Indian Stock Market History, 2021 year was created the new heights of success. In this year more than 60 firms were listed in the Indian Stock Market and they raised Rs.118704 Cores (Approx.) by the IPO. Sensex and Nifty were achieved seventh rank in the world through the IPOs and successive earning in the year of 2021. According to EY’s latest Global IPO Trends report, IPO volumes in India climbed 163 percent in 2021, while proceeds increased 245 percent over the previous year.
List of Top 10 Biggest IPOs in the Indian History
As of now (April 2022), the following is list of Top 10 Biggest IPOs in the Indian history according to Prime Database.
1) – Paytm IPO (Rs.18,300 crore)
Paytm’s stock dropped as much as 28% in a shaky stock market debut on 17 Nav 2021, just one week after the country’s largest-ever IPO. On the NSE, the stock began for trading at Rs.1,950, down 9.3 percent or Rs.200 from its issue price of Rs.2,150. Paytm’s stock continued to fall after it opened, falling as much as 28% from its issue price to an intraday low of Rs.1,560.
|Dates of issue||8 to 10 Nov 2021|
|Lot Size||6 shares|
|Price Band||Rs. 2,080 – 2,150 (discount of 5 per cent for retail investors)|
|Date of listing||18 Nav 2021|
|NSE’s listing price||Rs. 1,950 per share (down 9.30 per cent from IPO price)|
|NSE’s closing price||Rs. 1,560 per share (down 27.44 per cent from IPO price)|
Paytm has been named one of the most valuable fintech startups in the world. In India, the company’s QR code payment technology is used by over 2 crore businesses to accept payments straight into their bank accounts. Paytm is a technology company based in India that specialises in digital payment systems, e-commerce, and financial services.
2) – Coal India IPO (Rs.15,200 crore)
It was India’s largest IPO in 11 yeaRs.As the world’s largest coal miner and Navratna at the time, Coal India’s IPO smashed and established new records (Coal India has since been upgraded to Maharatna status).
|Dates of issue||18 to 21 Oct 2010|
|Lot Size||25 Shares|
|Price Band||Rs. 225 – 245 (discount of 5 per cent for retail investors)|
|Date of listing||4 Nov, 2010|
|NSE’s listing price||Rs. 291 per share (up 25 per cent for retail investors)|
|NSE’s closing price||Rs. 342.55 per share (up 47.17 per cent for retail investors)|
About Coal India
The Ministry of Coal of the Government of India owns Coal India Limited, a coal mining and processing firm. It is the world’s largest coal producer and India’s fifth-largest employer, employing about 272,000 people.
3) – Reliance Power IPO (Rs.11,700 crore)
Anil Ambani’s intended initial public offering (IPO) ended up being a nightmare for both him and investoRs.The IPO, which was India’s largest at the time, was completely subscribed in minutes and got 73 times the number of bids, making it the largest IPO in terms of subscription amount ever.
|Dates of issue||15 to 18 Jan 2008|
|Lot Size||15 Shares|
|Price Band||Rs. 405 – 450|
|Date of listing||11 Feb 2008|
|NSE’s listing price||Rs. 530 per share (up 17.77 per cent from IPO price)|
|NSE’s closing price||Rs. 372.3 per share (down 17.27 per cent from IPO price)|
About Reliance Power
The Trustworthiness Reliance Power Limited, previously Reliance Energy Generation Limited, is owned by the Anil Dhirubhai Ambani Group. R-Power was listed as India’s 176th largest firm in the 2019 Fortune India 500 list, with 9th position in the ‘Power industry’ category.
4) – General Insurance Corporation of India IPO (Rs.11,256.83 crore)
GIC’s modest debut was hindered by the gloomy offerings of ICICI Lombard and SBI Life Insurance, in addition to the IPO’s vast size. As a consequence of the discount, retail investors were spared, and the stock concluded the first day of trade with slight profits. With the debut of India’s lone reinsurance firm, the government returned to the IPO market. The IPO was covered 1.35 times despite the paucity of HNIs and mainstream investors.
|Dates of issue||11 to 13 Oct 2017|
|Lot Size||16 Shares|
|Price Band||Rs. 855 – 912 (discount of INR 45 per share for retail investors)|
|Date of listing||25 Oct 2017|
|NSE’s listing price||Rs. 850 per share (down 1.96 per cent from IPO price for retail investors)|
|NSE’s closing price||Rs. 874.3 per share (up 0.84 per cent from IPO price for retail investors)|
About General Insurance Corporation of India
The Government of India’s Ministry of Finance owns GIC Re, an Indian reinsurance company. It was the only nationalised reinsurance business in India until late 2016, when the Indian insurance market was opened to international reinsurance players, including companies from Germany, Switzerland, and France.
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5) – Oil and Natural Gas Corporation IPO (Rs.10,534 crore)
ONGC was the first company to raise more than INR 10,000 crore in an initial public offering (IPO), a figure that would have been inconceivable in 2004. ONGC remained in first place for another four years before being surpassed by Reliance Industries. When adjusted for inflation, the IPO is arguably near the top of the list of India’s biggest IPOs.
Individual investors with an application size of less than INR 50,000 received a 5% discount when the government announced the IPO of ONGC to sell 10% of the company’s equity. The stock has offered big dividends and capital appreciation to owners since then.
|Dates of issue||5 to 13 Mar 2004|
|Size of Issue||142,593,300 shares|
|Price Band||Rs. 680 – 750 (discount of 5 per cent for retail investors)|
About Oil and Natural Gas Corporation (ONGC)
The Oil and Natural Gas Corporation (ONGC) is an Indian oil and gas business that is overseen by the Ministry of Petroleum and Natural Gas. The Maharatna title was bestowed on ONGC by the Indian government in November 2010. For the fiscal year 2019–20, it was named India’s largest profit-making PSU.
6) – SBI Cards and Payments IPO (Rs.10,354.8 crore)
The IPO raised about INR 10,350 crore through a mix of offers for sale and new shares. Due to robust demand from QIBs (qualified institutional buyers) and HNIs, SBI Cards’ IPO was covered 26.5 times.
The situation deteriorated between the subscription deadline and the listing date owing to the advent of the Covid-19 pandemic, notwithstanding the huge demand for the bid. Following that, the stock was listed at a 12.45% discount, and it ended the day in the red. Despite this, the stock soared during the subsequent market rebound.
|Dates of issue||2 to 5 Mar 2020|
|Lot Size||19 Shares|
|Price Band||Rs. 750 – 755 (discount of INR 75 for employees)|
|Date of listing||16 Mar 2020|
|NSE’s listing price||Rs. 661 per share (down 12.45 per cent from IPO price)|
|NSE’s closing price||Rs. 678 per share (down 10.20 per cent from IPO price)|
About SBI Cards and Payments
SBI Cards & Payment Services Ltd. is a credit card company based in India that also provides payment solutions. In October 1998, India’s largest bank, State Bank of India, and GE Capital launched the SBI Card. It is the second-largest credit card corporation in the United States.
7) – New India Assurance IPO (Rs.9585.82 crore)
The HNI, retail, and employee categories of the New India Assurance IPO were all undersubscribed, indicating that investors were not excessively enthusiastic about the offering. The stock launched at INR 750 per share and decreased to INR 727.1 per share by the end of the day, despite the IPO being authorised based on QIB demand.
Staying put meant facing harsh days ahead for investors, as the stock plummeted to INR 580.1 per share in only four weeks. During this time period, the IPO was the poorest performance, and it also ranks among the all-time worst performers among India’s big IPOs.
|Dates of issue||1 to 3 Nov 2017|
|Lot Size||18 Shares|
|Price Band||Rs. 770 – 800 (discount of INR30 per share for retail investors)|
|Date of listing||13 Nov 2017|
|NSE’s listing price||Rs. 750 per share (down 2.59 per cent from IPO price for retail investors)|
|NSE’s closing price||Rs. 727.1 per share (down 5.57 per cent from IPO price for retail investors)|
About New India Assurance
The Ministry of Finance of India owns the New India Assurance Co. Ltd., a nationalised general insurance company. It is the largest state-owned general insurance company in India.
8) – Zomato IPO (Rs.9,375 crore)
Zomato is the most recent entry to this list of India’s all-time biggest initial public offerings. The IPO finished on a positive note, with the business listing at a premium of more than 50%, which was also better than grey market expectations. It continued to grow throughout the day, culminating with a 65 percent gain on the IPO price on the first day of trade.
The unicorn is one of India’s top 50 most valuable publicly listed firms, with a market capitalization of INR 1,00,000 crore. The Zomato IPO paved the way for several high-profile venture-backed startups to list in India, including Paytm, Nykaa, Ola, and PolicyBazaar.
|Dates of issue||14 to 16 Jul 2021|
|Lot Size||195 Shares|
|Price Band||Rs. 72 to 76|
|Date of listing||23 Jul 2021|
|NSE’s listing price||Rs. 116 per share (up 52.63 per cent from IPO price)|
|NSE’s closing price||Rs. 126 per share (up 65.79 per cent from IPO price)|
Zomato is an online food aggregator and meal delivery business based in India. Zomato provides information on restaurants, menus, and user reviews, as well as meal delivery from partner restaurants in a variety of places.
9) – DLF IPO (Rs.9187.5 crore)
The IPO was priced in the middle of the book-building range at INR 525 per share. Despite the fact that the retail and employee components of the IPO were undersubscribed, the entire IPO was 3.47 times subscribed. While it ranks low on this list of India’s largest IPOs, it was the second-largest after only ONGC at the time of its launch.
On the day of its IPO, DLF shares rose by up to 35%, ending the day with an 8.5 percent return on allotted price. As a result of the IPO, DLF promoter KP Singh became one of India’s wealthiest people. Since then, real estate has lost a lot of its lustre, and KP Singh’s firm has suffered as a result of the SEBI’s three-year suspension.
|Dates of issue||11 to 14 Jun 2007|
|Lot Size||10 Shares|
|Price Band||Rs. 500 – 550|
|Date of listing||5 Jul, 2007|
|NSE’s listing price||Rs. 526.6 per share (up 0.30 per cent from IPO price)|
|NSE’s closing price||Rs. 569.8 per share (up 8.53 per cent from IPO price)|
DLF Limited (Delhi Land & Finance) is a developer of commercial real estate. Before influencing practically all of Gurgaon, DLF produced modest residential developments like Shivaji Park. When the company went public in June 2007, it was at its pinnacle.
10) – HDFC Standard Life Insurance IPO (Rs.8,695.01 crore)
HDFC Standard Life Insurance was one of the few insurance IPOs that went well in 2017. The IPO went well because of HDFC’s brand recognition, however the business did not give any discounts to regular investors and placed the IPO at the top of the pricing range. HDFC Standard Life met its lofty expectations as India’s best insurance firm, with shares flying 18.8% higher by the conclusion of the day.
|Dates of issue||7 to 9 Nov 2017|
|Lot Size||50 Shares|
|Price Band||Rs. 275 – 290|
|Date of listing||17 Nov 2017|
|NSE’s listing price||Rs. 310 per share (up 6.89 per cent from IPO price)|
|NSE’s closing price||Rs. 344.6 per share (up 18.82 per cent from IPO price)|
About HDFC Standard Life Insurance
HDFC Ltd. is a long-term life insurance firm that serves both people and businesses. The company was formed by a partnership between Home Development Financing Corporation Ltd (HDFC), one of India’s major housing finance companies, and Abrdn, a global investment organisation.