Hyundai Motor India tops as the biggest IPO by issue size: Here's how others stack up
Amid IPO flood in a buoyant market, the latest IPO by the auto major Hyundai India is set to break all the previous records in terms of IPO issue size. The issue with an IPO size at Rs 26,870 crore is set to open for public subscription on October 15.
Here are the other public issues which were the biggest in terms of issue size.
LIC now the second largest IPO by issue size
Until now, the issue by the country's leading state run insurer LIC was the largest with the issue size at Rs 21,000 crore.
One 97 Communications
After LIC, Paytm's parent company launched a Rs 18,300 crore public issue which was subscribed 1.89 times. Nonetheless, the shares listed at a discount of 27 per cent against the IPO price of Rs 2150 and now has corrected sharply from its listing price.
Coal India
Next on the list, the IPO of PSU metals company Coal India which came up with a issue of Rs 15,199 crore. The issue received stellar response and was listed at a premium of 39 per cent against the IPO issue price.
Reliance Power
Anil Ambani-led utility company came up with a public issue of Rs 11,563 crore. The issue was unveiled just ahead of the global Lehman Brother crisis. The issue received a whopping subscription of over 73 times.
GIC
The issue by the insurer comes next in the list as it launched a public issue of Rs 11,175 crore.
SBI Card
Just before the outbreak of Covid, the IPO of SBI group company-SBI Card of Rs 10,354 crore was launched. Despite a good subscription rate of 26.5 times, the stock listed at a discount.
Vodafone's Rs 18,000 crore FPO
Besides the list of IPOs listed above, telecom company Vodafone Idea came up with a Rs 18,000 follow-on public offers.