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India’s 10 biggest IPOs and their debut day performance -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This illustration photo taken on July 7, 2021 shows the interface for Indian payment app Paytm in front its logo. REUTERS/Florence Lo/Illustration

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(Reuters] – Paytm, an Indian digital payments provider, saw its shares drop more than 27% on Thursday at the stock market listing. It is now one of India’s poorest performing large initial public offerings.

Paytm’s largest-ever IPO in India had seen it raise $2.46 billion. However, some investors were skeptical about its inability to make a profit or its valuation in the highly competitive digital payments market.

Below is a compilation of India’s top IPOs as they performed at their debut.

Date and time of company listing IPO size Price of IPO (in Closing prices on % gain/loss)

rupees) listing day (in price vs closing price

rupees) on listing day

One97 Communications Ltd. Paytm Nov 18, 2021 $2.46Billion 2,150 1,560.80 Fell

Coal India Ltd November 4, 2010, $2.05 Billion 245 342.55 Rose 39.8%

General Insurance Corp of India, Oct 25, 2017, $1.52 Billion 912 437.15 Flowered 52.1%

SBI Cards & Payment Services Ltd March 16, 2020 $1.39 billion 755 681.40 Fell 9.7%

Reliance Power Ltd 02/11/2008 $1.36Billion 450.232.69 Fell 48.3%

New India Assurance Co Ltd November 13, 2017, $1.29 Billion 800 363.55 Fell 56.6%

Zomato Ltd July 23, 2021 $1.26 billion 76 126 Rose 65.8%

DLF Ltd. July 5, 2007 $1.24 Billillion 525 569.80 Rose 8.5%

HDFC Standard Life (LON: ) Insurance (now known at Nov 17, 2017 $1.17Billion 290.60 Rose 18.8%

HDFC Life Insurance Co Ltd

SBI Life Insurance Co Ltd, Oct 3, 2017 $1.13Billion 700 707.55 rose 1.1%

Source: Prime Database, Refinitiv Eikon

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