India's Top Five Largest IPOs: A Look At Notable Public Offerings As Hyundai Motor India Plans Mega IPO
india's top five largest ipos: take a look at notable public offerings as hyundai motor india's mega ipo plans
Hyundai Motor's Indian business has submitted draft papers for what could potentially become one of India's largest initial public offerings (IPOs). The South Korean automaker stated that the IPO aims to enhance its brand image and provide liquidity in the country.
Hyundai Motor's IPO: Fund Raise
Reports suggest that the company intends to raise between $2.5 billion and $3 billion, approximately Rs 25,000 crore at the higher end of the estimate.
Hyundai IPO: Bigger Than LIC
If successful, this IPO will surpass the current record held by Life Insurance Corporation (LIC) of India, which raised around $2.45 billion.
India's Largest IPO
Here are some of India's largest IPOs to date:
Life Insurance Corporation (LIC) IPO: India's Largest IPO
Listed on May 17, 2022, LIC raised $2.45 billion, setting the current record for the largest IPO in India.
PayTm (One 97 Communications)
Listed on November 18, 2021, PayTm's parent company, One 97 Communications, raised $2.19 billion.
Coal India
Listed on November 4, 2010, Coal India, a government entity, raised over $1.8 billion through its IPO.
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General Insurance Corporation of India
Listed on October 25, 2017, the insurance giant raised $1.35 billion from its IPO.
SBI Cards and Payment Services
Listed on March 16, 2020, the credit card service provider raised $1.24 billion through its IPO.
Other Notable IPOs
Other notable IPOs include NMDC and New India Assurance, although their fundraises were below Rs 10,000 crore.
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