The Life Insurance Corporation (LIC) made its debut in the stock market on Tuesday following its IPO, which has been the country’s largest so far.
The LIC IPO closed with nearly three times subscription last week. However, the market debut was weak amid concerns over global market volatility.
General Insurance Corporation of India – With an IPO size of reportedly ₹11,176 crore in October 2017, the General Insurance Corporation of India is also among the biggest IPOs in the country.
Top five IPOs in India (source: PTI)
LIC ₹20,557 crore
Paytm ₹18,300 crore
Coal India ₹15,500 crore
Reliance Power ₹11,700 crore
General Insurance Corporation of India ₹11,176 crore
World’s 5 biggest IPOs ( as of March 2022)
Saudi Aramco – The Saudi Arabian energy company, one of the world’s largest firms, went public in December 2019 and raised USD 25.6 billion by selling 3 billion shares.
Alibaba- Technology company Alibaba raised 21.8 billion US dollars after its IPO in September 2014.
SoftBank – The Japan based communications company completed its public offering in December 2018 and raised over $21 billion.
NTT Mobile Communication Network – Also known as NTT DoCoMo, this is another communications company from Japan that features in five biggest IPOs of the world. The company raised a capital of $18.1 billion.
Visa- Raising a capital of $17.4 billion, the transaction facilitator firm made its IPO in 2008 and reportedly sold 406 million shares during the offering.
World’s five biggest IPOs (as per media reports)
Saudi Aramco 25.6 billion USD
Alibaba 21.8 billion USD
SoftBank 21.0 billion USD
NTT Mobile Communication Network 18.0 billion USD
Visa 17.4 billion USD
Upcoming IPOs in 2022
As per the information on stock broker company Angel One Limited, payment service provider MobiKwik, BoAt, OYO Rooms, cab aggregator Ola, edtech company Byju’s and Swiggy are some of the other companies expected to list their IPOs this year.