Admin
28 January 2023

Top 10 Biggest IPOs in Indian History

In India, IPOs are nothing new. But recently, their frequency has increased tremendously. While some people tend to steer clear of IPOs, others believe they are a worthy investment. You’ll understand why later on.

1. Life Insurance Corporation ( LIC )

Government funds own The Life Insurance Corporation of India (LIC) Limited. Due to its existence since 1956, LIC is regarded as the definition of insurance in India. It also has a reputation for providing reasonably priced insurance options.

FM Nirmala Sitharaman disclosed that the GoI planned to disinvest a portion of its interest in LIC during the Union Budget of 2021–2022.

Although the public issue took more than a year to launch, it did so in 2022. The LIC IPO's specifics are shown here.

IPO Date	04-05-2022 to 09-05-2022
IPO Size	Rs. 21,000 crores
IPO Size	Rs. 902 to Rs 949
Listed On	17-05-2022
Current Price	Rs. 682.90 (-17.34%)
Current Market Cap	Rs. 431,744 crores

The outcome ? The largest IPO in India as of late was the one by LIC. It passed Paytm to become the second-largest IPO in India.

2. Paytm

One97 Communications owns the finance business Paytm. It provides a range of services, including banking and payments. When Paytm submitted its DRHP with SEBI, there was a lot of excitement.

The cause ? The IPO would have been the largest public offering in Indian history. In reality, it is what took place. Paytm raised Rs. 18,300 crores, with the remaining amount coming from an offer for sale and a new issuance of Rs. 8,300 crores (OFS).

IPO Date	08-11-2022 to 10-11-2022
Issue Size	Rs. 18,300 crores
IPO Price	Rs. 2,080 to Rs. 2,150
Listed On	18-11-2022
Current Price	Rs. 826.35
Current Market Cap	Rs. 53,645 crores

While Paytm's reign as the largest IPO in India was brief, it did knock Coal India off the top of the list, where it had maintained that position for the entire 11 years, from October 2010 to November 2021.

3. Coal India

One of the world's biggest producers of coal in India. It is categorized as a Navratna Company, which essentially indicates that it has solid financial sheet and the ability to overtake its competitors on a worldwide scale.

Due to the scale of the issue, Coal India's IPO in 2010 attracted a lot of attention, similar to LIC and Paytm IPOs. The public issue also gained attention since CRISIL accorded Coal India's IPO a Grade 5 rating.

IPO Date	18-10-2010 to 21-10-2010
Issue Size	Rs. 15,200 crores
IPO Price	Rs. 225 to Rs. 245
Listed On	04-11-2010
Current Price	Rs. 219.80
Current Market Cap	Rs. 135,487 crores

This is the second government-backed firm on the list of the best IPOs, as you may have observed. As the narrative progresses, there will be more.

4. Reliance Power

Reliance Electricity is a business that manages power-generating and distribution projects. It was founded in 1995. The IPO of the electricity firm was highly anticipated at the time for several factors.

Reliance Electricity's initial public offering (IPO) received a Grade 4/5 rating from CRISIL as a result of India's efforts to accelerate the development of its power infrastructure and the prestige that the Reliance name carries.

IPO Date	15-01-2008 to 18-01-2008
Issue Size	Rs. 11,700 crores
IPO Price	Rs. 405 to Rs. 450
Listed On	11-02-2008
Current Price	Rs. 14.20
Current Market Cap	Rs. 4,811 crores

The first day of trading for Reliance Power on the stock market was nothing short of a wild rollercoaster. The stock had a good start, rising more than 20% from its IPO price. But on the same day, RRPOWER rapidly fell to Rs. 372.

The failure of RPOWER was caused by a variety of issues. The subprime mortgage crisis and the ensuing panic, according to analysts, were some of the causes. But for a short while, RPOWER's IPO was the largest in India.

5. General Insurance Corporation of India

India's General Insurance Corporation (GIC) was founded in 1972. It is a global reinsurance organization that is also the biggest reinsurer in India in terms of gross premiums.

Reinsurance operates in a complicated manner. But in plain English, it's a way for businesses to divide and lower the cost of premiums. Not just in India, but also in Africa and the Middle East, GIC carries out this activity.

GIC is owned by the Indian government, which sold a portion of its stock in the business in 2017. Potential investors became interested in the GIC IPO since it was on pace to become the second-largest IPO in India.

IPO Date	11-10-2017 to 13-10-2017
Issue Size	Rs. 11,257 crores
IPO Price	Rs. 855 to Rs. 912
Listed On	25-10-2017
Current Price	Rs. 122.85
Current Market Cap	Rs. 21,579 crores

GIC's public offering sank upon listing, just like the other IPOs on this list. In addition, it has decreased by about 70% since its IPO. This is a common pattern throughout the majority of the best IPOs, as you'll see.

6. Oil and Natural Gas Corporation (ONGC)

A public sector company called Oil and Natural Gas Corporation (ONGC) was established in 1956. Exploration-based production of crude oil and natural gas is ONGC's primary objective.

The GoI has given ONGC the Maharatna classification, which is only given to businesses with exceptional financial sheets. According to a 2019 poll, ONGC was the PSU sector's top profit-maker.

ONGC decided to go public in 1994 and sold 20% of its stock to the general public. The government kept the remainder. In terms of net worth, ONGC was the largest firm in India at the time.

IPO Date	05-03-2004 to 13-03-2004
Issue Size	Rs. 10,534 crores
IPO Size	Rs. 680 to Rs. 750
Listed On	05-03-2004
Current Price	Rs. 133.30
Current Market Cap	Rs. 1,67,883 crores

In 1997, ONGC earned the Navratna and Maharatna distinctions. Because of the IPO that took place at that time, ONGC's balance sheet and economic contributions both increased tremendously.

7. SBI Cards and Payments

In 1998, SBI Cards and Payments was founded. The two organizations at the core of the launch were SBI and GE Capital, whose ownership was split 60-40% each.

Simple access to credit cards and other payment options for more Indians was the main objective of the establishment of SBI Cards and Payments. After a few years, SBI Card has grown to become India's second-largest credit card issuer.

A few days before the pandemic and ensuing lockdowns in March 2020, the corporation decided to go public via an IPO.

IPO Date	02-03-2020 to 05-03-2020
Issue Size	Rs. 10,355 crores
IPO Size	Rs. 750 to Rs. 755
Listed On	16-03-2020
Current Price	Rs. 937.50
Current Market Cap	Rs. 88,433 crores

A network of SBI enterprises with stock market listings includes SBI cards. SBI Life Insurance and its parent company SBI are examples of others. Keep reading till the very end for more on SBI Life's first public offering.

8. The New India Assurance Co. Ltd.

The New India Assurance Company has been around for more than a century, believe it or not! The corporation was founded in 1919 and became a nationalized an entity in 1974, under the control of the GoI.

General Insurance Corporation, another business that made the list of the top IPOs in India, was the parent firm of New India Assurance. When GIC was transformed into a pure-play reinsurance firm, NIA acquired independence.

NIA began its first public offering in 2017 at the ripe old age of 98. One of the supporters of the firm was the President of India. Here are the IPO's specifics

IPO Date	01-11-2017 to 3-11-2017
Issue Size	Rs. 9,586 crores
IPO Price	Rs. 770 to Rs. 800
Listed On	13-11-2017
Current Price	Rs. 89.40
Current Market Cap	Rs. 14,733 crores

We've had respectable companies thus far from industries including banking, insurance, fintech, coal, oil, and more. The firm that delivers meals online is next on our list of the best initial public offerings.

9. Zomato

India has seen a huge rise in the online meal delivery. At the core of it, all lies Zomato.

The platform for food delivery was introduced in 2008 and is being used in several nations, including Sri Lanka, the UK, Qatar, and others. But it wasn't until 2015 that Zomato introduced a focused meal delivery service. Before it, reservations could be made on the platform and used to search hotels and restaurants.

Zomato announced its IPO in 2021 after several features that were hits and disappointments. On the IPO, experts had differing opinions. Nevertheless, Zomato's IPO, which garnered Rs. 9,375 crores, cracked the top 10.

IPO Date	14-07-2021 to 16-07-2021
Issue Size	Rs. 9,375 crores
IPO Price	Rs. 72 to Rs. 76
Listed On	23-07-2021
Current Price	Rs. 57.90
Current Market Cap	Rs. 45,857 crores

Zomato's pre-IPO investors' lock-in period just came to an end. Because of this, the share's closing price dropped 22% in just two days. Even after being public, the firm is still having trouble making money, even though the price has rebounded.

10. Delhi Land & Finance (DLF)

Real estate is predominantly developed by Delhi Land & Finance (DLF) in Delhi and the neighbouring areas. The business, which offers a comprehensive range of real estate development services, was created in 1946.

You might also remember that DLF sponsored the inaugural IPL, which took place a year after DLF's first public offering (IPO). Due to the amount of money it raised, Rs. 9,188 crores, DLF's public offering was among the top 10 largest IPOs in India at the time.

IPO Date	11-06-2007 to 14-06-2007
Issue Size	Rs. 9,188 crores
IPO Price	Rs. 500 to Rs. 550
Listed On	05-07-2007
Current Price	Rs. 372.60
Current Market Cap	Rs. 92,341 crores