Jul 6, 2023
By: NewsPointLIC's IPO in 2022 became the country's largest, with an issue size of Rs. 21,000 crores. Listed on May 17, it witnessed overwhelming subscriptions, signifying investors' confidence in India's largest insurer.
Paytm's highly anticipated IPO, the second-largest in India, took place from 8th-10th November 2021, raising Rs. 18,300 crores. Despite being unprofitable and HNIs showing little interest, it listed at a 9.3% discount, reflecting a moderate market response.
Coal India, a top Navratna company, had a massive IPO of Rs. 15,200 crores. Opened from 18-21 October 2010, it was oversubscribed 15 times. Retail investors gained up to 25% on the listing, with the price range of Rs. 225-245 per share.
Reliance Power's IPO, despite lacking operational power plants, witnessed massive subscriptions and commanded a premium in the grey market. However, post-listing, shareholders experienced significant wealth erosion.
GIC's 2017 IPO, priced at Rs. 855-912 per share, raised Rs. 11,175 crores. HNIs overlooked it, but retail investors enjoyed discounts, resulting in marginal listing gains. Despite its size, it lacked popularity among investors.
SBI Cards IPO, listed on 16th March 2020, raised Rs. 10,355 crores with a price band of Rs. 750-755 per share. Despite strong subscription (26.5 times), the IPO was listed at a discount due to the Covid-19 pandemic's onset, gaining favour mainly from QIB and HNI investors.
Prominent Indian IPO raised over Rs. 10,000 crores, launched 5th March 2004, closed 13th March 2004. Price band: Rs. 680-750/share, 5% retail investor discount. Offered 10% company shares, resulting in substantial returns through dividends and capital appreciation.
A recent IPO (2021) enabled unicorn start-ups to raise capital. Zomato IPO size: Rs. 9,375 crores, launched 14th-16th July 2021, price band: Rs. 72-76/share. Listed with 50%+ premium, offering substantial gains, valuing Zomato at over Rs. 1,00,000 crores.
Launched on 11th June 2007, and closed on 14th June 2007, this IPO raised Rs. 9,187 crores with a price band of Rs. 500-550/share. Subscribed 3.47 times, second only to ONGC. Initial listing gains, but subsequent SEBI ban impacted the company's performance.
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