The first market in India is abuzz with the a lot anticipated preliminary public providing (IPO) of Swiggy Ltd to be launched on November 6. The net meals and grocery supply firm plans to boost a large ₹11,327.43 crore from the general public problem, making it one of many greatest IPOs in India.
India’s IPO market has seen some huge public choices, with a number of surpassing the ₹10,000 crore mark. Traditionally, whereas many have promised nice returns, not all have managed to ship. A lot of India’s greatest IPOs, together with Hyundai Motor India, Paytm and Reliance Energy have resulted in losses for traders.
Quite the opposite, only some giant IPOs — similar to Coal India, Zomato, and HDFC Life Insurance coverage — have generated optimistic returns, with their shares buying and selling above the problem worth.
Right here’s a take a look at the 5 greatest IPOs which confronted weak listings:
Hyundai Motor India IPO
Hyundai Motor India IPO price ₹27,870.16 crore is India’s greatest IPO until date and was launched on October 15, 2024. Hyundai Motor shares made a muted debut on the Indian inventory exchanges on October 22 because the inventory was listed at ₹1,931 on BSE, a reduction of 1.5% to the problem worth of ₹1,960 per share.
Hyundai Motor shares are buying and selling under its IPO worth and hit a low of ₹1,751.65 apiece on October 29. On November 4, Hyundai Motor inventory ended at ₹1,814.55 apiece, nonetheless decrease by 7.4% from its IPO worth.
LIC IPO
The ₹21,000-crore price LIC IPO, launched in Might 2022, debuted at a reduction of over 8% to its problem worth of ₹949 per share. Market sentiment and valuation considerations contributed to the tepid itemizing.
Paytm IPO
One97 Communications, the mum or dad firm of fintech large Paytm, launched its IPO in November 2021. Regardless of excessive anticipation, the Paytm inventory listed at a 9% low cost. Paytm share’s post-listing efficiency suffered attributable to doubts over profitability and costly valuations. Paytm inventory worth is down by over 64% from its IPO worth.
Reliance Energy IPO
Reliance Energy’s ₹11,560-crore price IPO was launched in February 2008 and the Anil Ambani Group inventory was listed at a 17% low cost. Reliance Energy shares are down over 85% from its IPO worth.
SBI Playing cards & Cost Companies IPO
SBI Playing cards made its debut in March 2020 with a ₹10,355 crore IPO, simply because the COVID-19 pandemic was starting to affect markets. SBI Playing cards shares have been listed at a 13% low cost to its problem worth of ₹755, primarily because of the broader market sell-off and valuation considerations. The inventory remains to be down greater than 8% from its problem worth.
Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint. We advise traders to test with licensed specialists earlier than making any funding selections.
