IPO Watch: LIC IPO, Paytm, Coal India and SBI Card - some big IPOs and their performance after listing

LIC IPO: Shares of India's biggest ever Initial Public Offering (IPO) were listed on Tuesday at Rs 867 per share on the BSE and Rs 872 per share on the NSE. It was against the issue price of Rs 949 per share, which was at the upper price band. 

Apart from LIC IPO, which are the other big IPOs that have come in the country so far, and how have they performed after listing? Senior Research Analyst at Zee Business, Kushal Gupta's Report.

Gupta said that the LIC IPO was listed today at a discount and have witnessed losses after opening. 

At 2:15 pm today, LIC shares were trading at Rs 881 on the NSE, down nearly 7 percent on the intraday basis.

In such a situation, it has to be seen whether this loss turns into profit today or not, Gupta said. But, if you look at the performance of companies other than LIC, then before LIC, Paytm was listed and closed with a decline of 27% on the day of listing, he added. 

However, the performance of Coal India on the day of listing was positive as it showed a growth of 40%. In addition, Reliance Power, which had its IPO in 2008, also witnessed a fall of 17 per cent on the day of listing, said the research analyst.

Company                  Size (Crore)      IPO Date
LIC                             21000                4-9 May 2022
Paytm                        18300                Nov 2021
Coal India                  15475                October 2010
Reliance Power         11563                Jan 2008
GIC                            11372                Oct 2017
SBI Card                    10354                March 2020

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Gupta further added, that overall, there has been a mixed response for the country's largest IPO. Looking at the post-listing performance, Paytm has seen a decline of about 32 percent. At the same time, Coal India, which has now become the third-largest IPO after LIC's IPO, is seeing a decline of about 24 percent.

Hence, the overall performance post listing has been a bit poor for large IPOs, Gupta said. But among all this, SBI Cards is the only IPO that has performed well and has seen gains of around 8.5%-9% so far.

Now it remains to be seen how LIC IPO performs going forward, he concluded.