Life Insurance Corporation of India is all set to issue its eagerly-awaited Initial Public Offering (IPO). LIC plans to sell 5 percent of its stake via the public offer. This has been touted as India’s largest IPO which has been predicted to fetch anywhere between Rs 60,000 crore to Rs 70,000 crore as per reports. This will make LIC the largest company in India by market capitalization. Amid this IPO frenzy, here’s a list of India’s top 10 IPOs issued ever:
1. One97 Communication Ltd (PayTm)
Fintech startup PayTm was listed for an IPO on 18th November 2021. The company’s issue size was USD2.46 billion or ₹18,300 crore. The IPO price was ₹2,150 and the closing price was ₹1560.80 which was a 27.4 percent fall on the listing day. The current share price is ₹850.8 as of 15th February 2022.
2. Coal India Limited:
State-owned Coal India Limited was listed for IPO on 4th November 2010. The company’s issue size was USD2.05 billion or ₹15,199 crore. The IPO was issued at a price of ₹245 and the closing price was ₹342.55 which was a 39.8 percent rise on the listing day. The current share price is ₹164.15 as of 15th February 2022.
3. Reliance Power
Reliance Power was listed for IPO on11th February 2008. The company’s issue size was USD1.36 billion or ₹11,563 crore. The IPO was issued at a price of ₹450 and the closing price was ₹232.69 which was a 48.3 percent fall on the listing day. The current share price is ₹14.45 as of 15th February 2022.
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4. General Insurance Corporation of India
State-owned General Insurance Corporation of India was listed for IPO on 25th October 2017. The company’s issue size was USD1.52 billion or ₹11,176 crore. The IPO was issued at a price of ₹912 and the closing price was ₹437.15 which was a 52.1 percent fall on the listing day. The current share price is ₹132.15 as of 15th February 2022.
5. SBI Cards and Payment Services Limited
SBI Cards and Payment Services Limited was listed for IPO on 16th March 2020. The company’s issue size was USD1.39 billion or ₹10,355 crore. The IPO was issued at a price of ₹755 and the closing price was ₹681.4 which was a 9.7 percent fall on the listing day. The current share price is ₹838.30 as of 15th February 2022.
6. The New India Assurance Company Limited
The New India Assurance Company Limited was listed for IPO on 13th November 2017. The company’s issue size was USD1.29 billion or ₹9600 crore. The IPO was issued at a price of ₹800 and the closing price was ₹363.55 which was a 54.6 percent fall on the listing day. The current share price is ₹131.5 as of 15th February 2022.
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7. Zomato Limited
Online delivery application Zomato was listed for IPO on 23rd July 2021. The company’s issue size was USD1.26 billion or ₹9375 crore. The IPO was issued at a price of ₹76 and the closing price was ₹126 which was a 65.8 percent rise on the listing day. The current share price is ₹82.5 as of 15th February 2022.
8. DLF Limited
Infrastructure company DLF was listed for IPO on 5th July 2007. The company’s issue size was USD1.24 billion or ₹9188 crore. The IPO was issued at a price of ₹525 and the closing price was ₹569.8 which was an 8.5 percent rise on the listing day. The current share price is ₹372.5 as of 15th February 2022.
9. HDFC Life Insurance Co Limited
HDFC Life Insurance Co Limited was listed for IPO on 17th November 2017. The company’s issue size was USD1.17 billion or ₹8695 crore. The IPO was issued at a price of ₹290 and the closing price was ₹344.6 which was an 18.8 percent rise on the listing day. The current share price is ₹573.5 as of 15th February 2022.
10. SBI Life Insurance Company Limited
SBI Life Insurance Company Limited was listed for IPO on 3rd October 2017. The company’s issue size was USD1.13 billion or ₹8400 crore. The IPO was issued at a price of ₹700 and the closing price was ₹707.55 which was a 1.1 percent rise on the listing day. The current share price is ₹1119.30 as of 15th February 2022.
