Factbox: India's biggest IPOs of 2024

Bharti Hexacom

08/10/2024 09:46

(Adds latest details on IPOs of Hyundai Motor India, Bajaj
Housing Finance, Swiggy, Schloss, NTPC Green; changes media
packaging code)
       Oct 8 (Reuters) - Companies are rushing to go public in
India this year as the stock market booms, with Hyundai Motor's
 005380.KS  Indian unit gearing up to launch the country's
biggest initial public offering (IPO) of 2024 so far next week.
    About 260 companies have raised over $9 billion through IPOs
in India so far this year, more than double the amount raised in
the same period last year, LSEG data shows.
    These are the country's biggest IPOs of 2024:
        
    * HYUNDAI MOTOR INDIA
    Hyundai Motor India's $3 billion IPO, the first by a
carmaker in India in two decades, opens for subscription next
week. Its Korean parent is selling a 17.5% stake in the offering
as the company targets a valuation of about $19 billion.
      
    * SWIGGY 
    SoftBank-backed food delivery firm Swiggy in September filed
papers for an IPO, which a source said could be worth $1.25
billion.
    
    * NTPC GREEN
    State-run NTPC's  NTPC.NS  green energy arm filed draft
papers for a $1.2 billion IPO in September.
    
    * BAJAJ HOUSING FINANCE
    Shares of India's most valuable home loan financier have
more than doubled after a blockbuster response to its $782
million IPO in September.
    
    * OLA ELECTRIC
    The electric scooter maker's $734-million IPO in August drew
investor interest from the likes of Fidelity and Nomura.
    
    * SCHLOSS BANGALORE
    Brookfield-backed Leela hotels owner Schloss Bangalore 
filed for a $599 million IPO in September.

    * BHARTI HEXACOM
    Telecom operator Bharti Hexacom's  BHAX.NS  $511-million IPO
was launched in April, attracting bids worth more than $8
billion.
    
    * AADHAR HOUSING FINANCE
    Mortgage lender Aadhar Housing Finance's  AADA.NS  IPO in
May raised $358 million.
    
    * GO DIGIT GENERAL INSURANCE
    Insurer Go Digit  GODG.NS  launched its share sale in May,
raising $312 million.

 (Reporting by Nandan Mandayam, Dimpal Gulwani in Bengaluru;
Editing by Aditya Kalra and Mark Potter)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))