India’s Largest IPOs

Uploaded by : DreamGains Financials, Posted on : 25 Sep 2015


1) RPower- Rs.11,700 cr


Anil Dhirubhai Ambani Group-promoted Reliance Power Ltd’s Rs 11,700 crore (Rs 117 billion) initial public offering set many a record: it started off with a bang on January 15, 2008 with the share sale — India’s biggest-ever — getting fully subscribed within a minute of opening. It received the highest number of applications ever — 3.1 million applications.


2) ONGC- Rs.9,500 cr


ONGC’s public offering, which opened on March 5, 2004 was oversubscribed within half an hour of its opening, with estimated proceeds of Rs 9,500 crore (Rs 95 billion).

3) DLF- Rs.9,200 cr


DLF Universal’s IPO hit the markets on June 11, 2007 and closed on June 14. Although scheduled for June 2006, the IPO ran into rough weather with minority investors create a furore with ‘cheating’ allegations against the company.

4) Cairn India- Rs.5,800 cr


Cairn, the oil and gas exploration company entered the Indian capital market with a public issue of 328,799,675 equity shares of Rs 10 each at a premium decided through a 100 per cent book-building process.

5) TCS- Rs.5,400 cr


India’s largest IT company, Tata Consultancy Services Ltd, offered 5.54 crore (55.4 million) equity shares of Re 1 each, including a fresh issue of 2.27 crore (22.7 million) shares, in its initial public offering through a book-building route.

The Rs 5,000 crore (Rs 50 billion) IPO opening coincided with the birth centenary of JRD Tata, who was at the helm of the Tata group for over four decades before Ratan Tata took charge.

6) Reliance Petroleum- Rs.2,700 cr


Reliance Petroleum opened for bidding on April 13, 2006. The price band was fixed at Rs 57 to Rs 62 and the bidding closed on April 20, 2006. This was the second time in the market for the petrochem major, after 1993 when it first came out with an IPO.

The company offered 45 crore (450 million) equity shares for subscription.