Hyundai Motor’s Indian division has submitted preliminary documents for a significant initial public offering (IPO), aiming to enhance its brand presence and generate liquidity within the country.
Here are some of India’s largest IPOs to date:
- LIFE INSURANCE CORPORATION OF INDIA (LIC): As a government-owned insurer, LIC raised approximately $2.45 billion from its IPO filed in February 2022, marking India’s largest public offering.
- PAYTM: Known for mobile payments and digital money transfers, Paytm filed for an IPO in July 2021 and raised $2.19 billion.
- COAL INDIA: A state-run mining company, Coal India’s IPO in August 2010 generated nearly $1.82 billion.
- GENERAL INSURANCE CORP OF INDIA: Another state-run entity, the General Insurance Corp of India’s IPO in August 2017 raised $1.35 billion.
- SBI CARDS AND PAYMENT SERVICES: Backed by the State Bank of India, this credit card services provider raised $1.24 billion in its IPO in 2019.
- ZOMATO: India’s leading food delivery platform, Zomato, raised $1.12 billion through its IPO in April 2021, competing with IPO-bound Swiggy.
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(Exchange rate: $1 = 83.5487 Indian rupees, as of June 14)
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