close

India's 10 biggest initial public offerings and their debut day performance

Shares in Indian digital payments firm Paytm slid more than 27% in its stock market listing on Thursday, making it one of India's worst-performing large initial public offerings

ipo

(Reuters) - Shares in Indian digital payments firm Paytm slid more than 27% in its stock market listing on Thursday, making it one of India's worst-performing large initial public offerings (IPOs).
Paytm had raised $2.46 billion through what was India's largest-ever IPO. But some investors questioned its lack of profit and its valuation in a highly-competitive digital payments market.
Here is a list of how India's 10 biggest IPOs performed on their debut:
Company Listing date IPO size IPO price (in Closing price on % gain/loss of IPO
rupees) listing day (in price vs closing price
rupees) on listing day

Also Read

IPO frenzy can dent secondary market liquidity, cap market upside: Analysts

Raining IPOs: Industry participants say new filings could cross 100 in 2021

Mutual funds went big on IPOs: Here're the top buys and sells in July

With Zomato's offering, fresh fundraising via IPOs set to hit 14-year high

Asia Pac IPOs strongest since 1980, raise $125 bn till Sept of CY21

Average IPO size hits highest since 2010, at Rs 1,030 crore: Refinitiv

Go Fashion IPO subscribed 6.9 times on Day-2 on heavy retail interest

Paytm likely to buck the trend with a tepid trading debut on Thursday

Go Fashion IPO subscribed 2.5 times on Day-1 on strong retail interest

Tarsons Products Rs 1.024 cr IPO subscribed 77x on institutional, HNI push

One97 Communications Ltd (Paytm) Nov 18, 2021 $2.46 billion 2,150 1,560.80 Fell 27.4%
Coal India Ltd Nov 4, 2010 $2.05 billion 245 342.55 Rose 39.8%
General Insurance Corp of India Oct 25, 2017 $1.52 billion 912 437.15 Fell 52.1%
SBI Cards & Payment Services Ltd March 16, 2020 $1.39 billion 755 681.40 Fell 9.7%
Reliance Power Ltd Feb 11, 2008 $1.36 billion 450 232.69 Fell 48.3%
New India Assurance Co Ltd Nov 13, 2017 $1.29 billion 800 363.55 Fell 54.6%
Zomato Ltd July 23, 2021 $1.26 billion 76 126 Rose 65.8%
DLF Ltd July 5, 2007 $1.24 billion 525 569.80 Rose 8.5%
HDFC Standard Life Insurance (now known as Nov 17, 2017 $1.17 billion 290 344.60 Rose 18.8%
HDFC Life Insurance Co Ltd)
SBI Life Insurance Co Ltd Oct 3, 2017 $1.13 billion 700 707.55 Rose 1.1%
Source: Prime Database and Refinitiv Eikon
 
(Reporting by Anuron Kumar Mitra and Vishwadha Chander in Bengaluru; Editing by Alexander Smith)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Nov 18 2021 | 7:53 PM IST

Explore News