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What Were The 9 Biggest Indian IPOs Ever?

Find out more about the 9 biggest IPOs in India including the likes of Coal India, Reliance Power, and others.
November 27, 2020

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If you’ve recently come across the term Initial Public Offering (IPO) or read our blogs on IPOs, you may have wondered, what were the biggest IPOs in India? 

Well, if that’s the case, you’ve come to the right place. This blog is all about the biggest IPOs in the history of India.  Knowing what the biggest and the best IPOs were worth gives us a benchmark to compare our existing or future investments with. 

But before we delve into a list of the 9 biggest IPOs in India, let’s figure out what an IPO means. Psst… If you’re an investor who values your money, stick around till the end of this blog to know if you should invest in IPOs.   

9 Of The Best Indian IPOs Since 2000

The following list includes some IPOs that may come across as obvious to many and others that you wouldn't really expect to see on a list like this. Bear in mind that most of these stocks are trading well below their IPO price.

1. Coal India IPO

  • IPO year: 2010
  • IPO value: ₹15,200 crore
  • Issue date: 18th to 21st October 2010
  • Listing date: 4th November 2010
  • Price Per Share: ₹225 to ₹245
  • Current Price Per Share: ₹125.20
  • Current Market Cap: ₹76,695.15 Cr

2. Reliance Power IPO

  • IPO year: 2008
  • IPO value: ₹11,700 crore
  • Issue date: 15th to 18th January 2008
  • Listing date: 11th February 2008
  • Price Per Share: ₹405 to ₹450
  • Current Price Per Share: ₹3.20 
  • Current Market Cap: ₹900.45 Cr

3. General Insurance Corporation (GIC) IPO

  • IPO year: 2017
  • IPO value: ₹11,256.83 crore
  • Issue date: 11th to 13th October 2017
  • Listing date: 25th October 2017
  • Price Per Share: ₹855 to ₹912
  • Current Price Per Share: ₹138.10 
  • Current Market Cap: ₹24,201.95 Cr

4. Oil and Natural Gas Corp (ONGC) IPO

  • IPO year: 2004
  • IPO value: ₹10,534 crore (adjusted for inflation)
  • Issue date: 5th to 13th March 2004
  • Price Per Share: ₹680 to ₹750 (adjusted for inflation)
  • Current Price Per Share: ₹80.30 
  • Current Market Cap: ₹100,956.74 Cr

5. New India Assurance IPO

  • IPO year: 2017
  • IPO value: ₹9,585.82 crore 
  • Issue date: 1st to 3rd November 2017
  • Listing date: 13th November 2017
  • Price Per Share: ₹770 to ₹800 
  • Current Price Per Share: ₹118.05 
  • Current Market Cap: ₹19,487.60 Cr

6. DLF IPO

  • IPO year: 2007 
  • IPO value: ₹9,187.5 crore 
  • Issue date: 11th to 14th June 2007
  • Listing date: 5th July 2007
  • Price Per Share: ₹500 to ₹550 
  • Current Price Per Share: ₹184.50 
  • Current Market Cap: ₹45,644.75 Cr

7. HDFC Standard Life Insurance IPO

  • IPO year: 2017 
  • IPO value: ₹8,695.01 crore
  • Issue date: 7th to 9th November 2017
  • Listing date: 17th November 2017
  • Price Per Share: ₹275 to ₹290 
  • Current Price Per Share: ₹660.80 
  • Current Market Cap: ₹133,456.82 Cr

8. Cairn India IPO

  • IPO year: 2006 
  • IPO value: ₹8,616 crore
  • Issue date: 11th to 15th December 2006
  • Listing date: 9th January 2007
  • Price Per Share: ₹160 to ₹190 
  • Current Price Per Share: NA 
  • Current Market Cap: NA

Cairn India amalgamated with Vedanta Ltd in 2018.

9. ICICI Prudential Life Insurance IPO

  • IPO year: 2016 
  • IPO value: ₹6,057 crore
  • Issue date: 19th to 21st September 2016
  • Listing date: 29th September 2016
  • Price Per Share: ₹300 to ₹334 
  • Current Price Per Share: ₹454.50 
  • Current Market Cap: ₹65,247.42 Cr

Frequently Asked Questions

What Is An Initial Public Offering (IPO)?

Private companies are allowed to have a limited number of investors by law. So if a private company wants to bring more investors on board, it has to go public. 

The process of going public is initiated through an Initial Public Offering (IPO). An IPO allows the company to trade on the stock exchange. So regular investors from outside the company can buy and sell shares. 

IPOs are more commonplace in India than most Indians think. There have been 43 IPOs in 2020 alone. Compared to the number of IPOs since 2008 (164), this is promising. Some of these IPOs even hold the title of the biggest IPOs ever seen in India. 

Should You Invest In An IPO?

There are risks and rewards to each investment and IPOs fall under the high risk-high reward category. IPOs allow investors to get in cheap and get potentially high returns in the future along with brand exposure.

But of course, not every investor is comfortable with the uncertainty and high risk-high reward potential of IPOs. The great Warren Buffet himself avoids IPO investments. Except, he still regrets not investing in Amazon's IPO. 

Even so, investing in any market instrument would depend on your investment goals, risk tolerance, age, and other factors. Remember to always consult a trained financial professional before investing in IPOs.


Note:

Facts & figures are true as of 20-10-2021. All information mentioned is for educational purposes and relies on publicly available information. None of the information shared here is to be construed as investment advice. We strongly recommend you consult a Cube Wealth coach before investing your money in any stock, mutual fund. PMS or alternative asset.

Shriram Shekhar
Shriram is a Content Marketer at Cube Wealth, the Financial Freedom App with a smart Perfect Portfolio Planner. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. Shriram’s love for philosophy, product development, and empowering people through quality content is what got him to Cube Wealth.

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