Factbox: In the wake of Reliance Jio's listing, what are India's biggest share offerings?

Life Insurance of India

Yesterday 05:44

Adds details on Jio debut, valuation
MUMBAI, Oct 28 (Reuters) - Jio Platforms JIOP.NS became India's second-largest company by market capitalisation after its shares soared 21% in their record Mumbai debut on Wednesday, giving Mukesh Ambani's Reliance Industries its first listing in two decades.
     Shares of the company, whose main business is telecoms, opened at 1,358 rupees a share, compared with its 1,119-rupee offer price. Jio is now valued at about $131.52 billion, overtaking Bharti Airtel and HDFC Bank.

Here are the five largest Indian IPOs before Jio:

NATIONAL STOCK EXCHANGE
The National Stock Exchange NSEI.BO became one of the world's 10 most valuable publicly traded bourses last month, with a market capitalisation of about $48 billion, after a $2.3 billion market debut. The stock listed at 1,800 rupees on the BSE on September 24, up 0.84% from its issue price of 1,785 rupees.
     
HYUNDAI MOTOR INDIA
Hyundai HYUN.NS, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion rupees ($2.93 billion) in October 2024 in what is currently India's second-biggest IPO, after Jio.
The manufacturer's South Korean parent 005380.KS sold a 17.5% stake in a pure offer for sale, where existing shareholders sell shares and no new capital is raised. 
     
LIFE INSURANCE CORPORATION OF INDIA
The government pocketed roughly 205 billion Indian rupees  ($2.16 billion) from selling a 3.5% stake in India's largest insurer and biggest domestic financial investor LIFI.NS, a far cry from its initial target of up to $12 billion. 
The shares slid nearly 8% on their debut.
     
PAYTM
Paytm PAYT.NS, an Indian fintech firm, raised 183 billion rupees ($1.92 billion) in November 2021 in a mix of a fresh share issuance and an offer for sale. Ant Group reduced its stake to 23% from 28% and SoftBank's Vision Fund pared its holding to 16%. 
Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time.
     
TATA CAPITAL
The Tata Group's financial services arm TATC.NS raised 155 billion rupees ($1.63 billion) in October 2025, with Tata Sons and IFC among those selling in the offer-for-sale component alongside a fresh issue. The IPO was the largest ever by a non-banking financial company in India. The shares listed at a slight premium of 1.23%.

($1 = 95.1150 Indian rupees)

 (Reporting by Vibhuti Sharma and Jayshree P. Upadhyay in Mumbai; Editing by Aditya Kalra, Kate Mayberry, Kevin Buckland, Joe Bavier and Thomas Derpinghaus)
 ((Vibhuti.Sharma@thomsonreuters.com;))