From Paytm, Coal India to Reliance Power - how India's top 10 biggest IPOs performed on debut? Know here
The investors must be aware of the opening day performances of the biggest Indian initial public offerings (IPOs). Indian digital payments firm Paytm was listed in the stock market on Thursday. As per a Reuters report, 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 the top biggest Indian IPOs and their debut day performance:
One97 Communications Ltd (Paytm)
The IPO was listed on November 18, 2021 and the size of the IPO was $2.46 billion, the price of the IPO was Rs 2150 and it closed at Rs 1560.80 on listing day. The IPO fell by 27.4 per cent. The shares of One 97 Communications Limited, the parent company of India's leading digital financial services company, Paytm, made a weak debut on the bourses, NSE and BSE, on Thursday. It opened at Rs 1,950 per share at NSE at a discount of 9.3% over the issue price of Rs 2,150 per share. At the BSE it opened at Rs 1955 per share, a discount of 9.06% against the listing price. The initial public offering (IPO) of Paytm was subscribed 1.89 times on Wednesday, the third and the final day of bidding. The Qualified Institutional Buyers (QIBs) portion of the public issue was subscribed 2.79 times, while the Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) portions were subscribed 0.24 times and 1.66 times, respectively. Source: Paytm Twitter
Coal India
The IPO was listed on November 4, 2021 with a size of $2.05 billion. The price of the IPO was Rs 245 and it closed at Rs 342.55 on listing day, with a gain of 39.8 per cent. Source: Coal India Twitter
SBI Cards and Payments Services Limited
The IPO was listed on March 16, 2020 with a size of $1.39 billion. The price of the IPO was Rs 755 and it closed at Rs 681.40 on the listing day, with a drop of 9.7 per cent. Source: SBI Card Twitter
Reliance Power
The IPO was listed on February 11, 2002 with a size of $1.36 billion. The price of the IPO was Rs 450 and it closed at Rs 232.69 on the listing day, it fell by 48.3 per cent. Source: Reliance POwer Twitter
New India Assurance Co
The IPO was listed on November 13, 2017 with a size of Rs 1.29 billion. The price of the IPO was Rs 800 and it closed at Rs 363.55 on listing day, it fell by 54.6 per cent. Source: newindia.co.in
Zomato
The IPO was listed on July 23, 2021 with a size of $1.26 billion. The price of the IPO was Rs 76 and closed at Rs 126 on listing day, where it rose by 65.8 per cent. Source: Zomato Twitter
DLF
The IPO was listed on July 5, 2007 with a size of $1.24 billion. The price of the IPO was Rs 525 and it closed at Rs 569.80 on listing day where it rose by 8.5 per cent. Source: dlf.in
HDFC Standard Life Insurance
It is now known as HDFC Life Insurance Co Ltd. The IPO was listed on November 17, 2021 with a size of $ 1.17 billion. The price of the IPO was Rs 290 and it closed at Rs 344.60 on listing day, where it rose by 18.8 per cent. Source: hdfclife.com
SBI Life Insurance
The IPO was listed on October 3, 2017 with a size of $1.13 billion. The price of the IPO was 700 and closed at Rs 707.55 on listing day, where it rose by 1.1 per cent. Source: sbilife.co.in
(Inputs from Reuters)
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