Kolkata: The Indian primary issue market is agog with excitement with investors lapping up dozens of smaller and mid-sized IPOs. The two biggest IPOs in Indias
stock market history are going to hit Dalal Street in the next few months. The question now on the lips of many is, do mega IPOs generate significant gains for the investors on the day of listing. Let’s have a look at the relevant data.
Hyundai Motor India
Subscribed: 2.37 times
The public issue of Hyundai Motor India holds the record for the largest in the country so far. Significantly, it had a weak market debut. Its shares listed at Rs 1,934 against an issue price of Rs 1,960, resulting in a listing loss of 1.33%. The bid was open from October 15 and it ended on October 17, 2024. It raised Rs 27,859 crore through an offer for sale. There were no fresh shares.
Tata Capital
Subscribed: 51.18 times
Tata Capital also had a mildly positive debut in the stock. Its shares listed at R 330 against the issue price of Rs 326, resulting in a gain of 1.23%. The bidding process was on between October 6 to October 8, 2025 and it mobilized Rs 15,511.87 crore through a combination of fresh shares of Rs 6,846.00 crore and an OFS of Rs 8,665.87 crore.
LIC IPO
Subscribed: 2.95 times
LIC shares listed at a loss. The listing price was Rs 867.20 compared to an issue price of Rs 949, posting a loss of 8.62%. Life Insurance Corporation of India raised about Rs 21,000 crore in an IPO that was open between May 4 and May 9, 2022.
One97 Communications
Subscribed: 1.89 times
One97 Communications shares too made a listing loss. Its shares listed at Rs 1,950 compared to Rs 2,150, thereby registering a loss of 9.30%. The IPO raised Rs 18,300 crore and the bid was open between November 8 and November 10, 2021.
What happened after listing?
The post-listing performance of these large IPOs has varied significantly. Coal India shares are currently trading around Rs 415.35, up 69.53% from their issue price, while Hyundai Motor India shares are up 12.50% from their issue price. LIC’s stock is currently trading at Rs 415.35. However, its current price must be viewed in the context of the 1:1 bonus issue in May 2026, after which the share price was adjusted. On an adjusted basis, the stock is down 56.23% from its IPO issue price. One97 Communications (Paytm) is trading 22.81% below its issue price, while Tata Capital is trading 15.05% above its issue price.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)
