Stocks

India's 10 biggest ever IPOs, led by Paytm

Reuters | | Updated on: Nov 10, 2021
image caption

Paytm's initial public offering of up to ₹18,300 crore is expected to be the country's largest stock market listing

 

Indian fintech firm Paytm's initial public offering of up to ₹18,300 crore ($2.47 billion) is expected to be the country's largest stock market listing, surging past miner Coal India's massive IPO more than a decade ago.

Here's a look at India's top 10 IPOs, according to Prime Database.

1. Coal India (2010) – the State-run miner raised ₹15,199 crore in what was India's biggest initial public offering of shares. Coal India is the world's largest coal miner.

2. General Insurance Corp of India (2017) – the reinsurer raised ₹11,257 crore.

3. SBI Cards & Payment Services (2020) – owned by the State Bank of India, the country's largest lender, the company raised ₹10,341 crore.

4. Reliance Power (2008) – helped by investors' faith in the family's name as a result of the group of companies set up by Anil Ambani's father, tycoon Dhirubhai Ambani, the company raised ₹10,123 crore.

5. New India Assurance(2017) – the State-run company raised ₹9,586 crore.

6. Zomato(2021) – the food delivery app raised ₹9,375 crore. Launched in 2008, the company collatesrestaurant reviews and offers home delivery of food, making it acompetitor to Indian start-up Swiggy and Amazon.com’s food delivery service.

7. DLF (2007) – the real estate company raised ₹9,188 crore.

8. HDFC Standard Life Insurance (2017) – now known as HDFC Life Insurance – raised ₹8,695 crore in its IPO. It competes with players including SBI Life Insurance.

9. SBI Life Insurance (2017) – the company raised ₹8,389 crore.

10. Gland Pharma (2020) – based in the southerntech hub of Hyderabad, the company raised ₹64.80 billion. Established in 1978, Gland Pharma makes injectable generic drugsand sells its products in over 60 countries.

Published on November 10, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

COMMENTS
This article is closed for comments.
Please Email the Editor

You May Also Like

Recommended for you