Top 10 Biggest IPO: In 2021, The Indian companies raised funds through an initial public offering after suffering COVID-19 lockdowns. All companies get enough response from Retail, QIB and Non-institutional investors. Some of these are listed at a bumper premium and some are dull debuts on the stock exchange.
The Indian young Investors have responded to every ipo and retail reserved portion of a share always oversubscribing.
In 2021, Tech giants have raised funding for spreading their business all over the country. The Paytm ipo was the biggest public issue of 2021 and other companies like Zomato, PB FinTech, Nykaa, Sona Comstar followed the fundraising trend this year.
10. Chemplast Sanmar
Chemplast Sanmar has raised Rs 3850 Cr funds through an initial public offering, comprising a fresh issue of Rs 1300 Cr and an offer for sale of Rs 2550 Cr by selling shareholders. The IPO has been subscribed 7.84 times on Aug 12. Chemplast IPO reserved portion for QIBs was subscribed 2.50 times and that of non-institutional investors was subscribed 23 per cent and retail individual investors have outbid 2.11 times their reserved portion.
The share of Chemplast made a dull listing on the stock exchange, the stock traded at Rs 525 on BSE, 2.96 % discount on the issue price of Rs. 541 per share and script debuts at Rs 550, up 1.66 per cent on the BSE platform.
The State-run IRFC has raised Rs 4633 Cr through a public offering. The government reduced the stakeholding to 86 % from 100% post of the IPO. It is the first IPO by a non-banking financial company (NBFC) in the public sector.
In IRFC IPO, retail investors were subscribed 36 times and qualified Institutional buyers subscribed 3.8 times. The share of IRFC is listed at a 4 % discount from its issue price at Rs 24.99 on the NSE platform and debuted at Rs 25 on BSE, declining 3.86 per share.
8. Nuvoco Cement
Nuvoco Cement, a part of Nirma group company, is among one of the largest cement companies. The company has raised funds through an initial public offering, comprising a fresh issue of Rs 1800 Cr and an offer for sale of Rs 3500 Cr. The Nuvoco initial share sale was subscribed 1.71 times, the portion for QIBs was subscribed 4.23 times, non-institutional investors 66 per cent and retail investors 73 per cent.
Shares of Nuvoco Vista made a flop debut at the stock market, the stock listed at Rs 417 per share with a 17 per cent discount on the issue price of Rs 570 per share.
The FSE Ecommerce Nykaa has raised Rs 5352 Cr through an initial public offering. The public issues include a fresh issue share worth Rs 630 Cr and an offer for sale of Rs 472 Cr. Nykaa share issue was subscribed 81.78 times on the last day and mainly got huge responses from institutional investors. The Nykaa share made a bumper debut on the stock exchange and started trading at a premium of over 52 % at Rs 2054 per share on NSE as compared to its issue price of Rs 1125 apiece.
6. Sona Comstar
Global automotive technology company Sona Comstar has raised Rs 5550 Cr through an initial public offering. Its public offering comprises a fresh issue share of Rs 300 Cr and an offer for sale of Rs 5250 Cr. The IPO was fully subscribed over 2.33 times with the portion for QIBs being subscribed 3.54 times and that of retail investors by 1.61 times. The non Institutional investor’s quota remained under subscribe at 40 percent. The Sona Comstar has made a decent listing at Rs 302. 40 on BSE with a 3.92 % premium over its issue price of Rs 291 apiece.
The country’s largest online platform for insurance and lending companies, FB FinTech has raised funding for the expansion of insurance offline and online business all over the country. The public issue has raised Rs 5625 Cr through a public offering. The share sale was subscribed 16.58 times, the ipo portion of qualified Institutional investors was subscribed 24.89 times, non Institutional investor was subscribed 7.82 times and Retail investors was subscribed 3.31 times.
Policybazaar shares are listed at over a 17 % premium to the issue prices of Rs 980 per share.
Rakesh Jhunjhunwala backed Star Health and Allied insurance company has raised Rs 7249 Cr through public issues. The IPO has comprised a fresh issue share worth Rs 2000 Cr and an offer for sale share worth Rs 5249 Cr. The share allocated for the qualified Institutional buyer was subscribed 1.03 times, non-Institutional was subscribed 0.19 times and retail individual investors was subscribed 1.10 times.
The star health listed at Rs 848.8 on the stock exchange, down 6 % over its issue price of Rs 900 per share.
3. Power Grid (PGI InvITs)
The company is owned by the state-owned power grid corporation of India. The power grid has raised Rs 7735 Cr through an initial public offering. Its IPO comprises a fresh issue of Rs 4993.48 Cr and an offer for sale of Rs 2741.50 Cr. The PGI issue was subscribed 4.83 times on the last day of ipo. The company share made a debut at Rs 104, up 4 % premium on the issue price of Rs 100 per share.
Zomato is India’s leading online food delivery company. The company has raised Rs 9375 Cr from the initial public offering, comprising a fresh issue of Rs 9000 Cr and an offer for sale of Rs 375 Cr.
The Zomato public issue was subscribed over 38 times, the portion reserved for retail investors was subscribed 7.35 times, while non Institutional investors were subscribed 33 times and qualified Institutional buyers subscribed over 50 times.
The share of Zomato has made a strong debut on the stock market, listing at a 53 % premium over issue prices and the market cap crosses Rs 1 lakh cr after the listing.
Paytm is India’s biggest IPO and its public issue comprises a fresh issue of Rs 8300 Cr and an offer for sale of Rs 10000 Cr. Paytm ipo got a low response from investors, ipo was subscribed 1.89 times, including Institutional buyers QIBs was subscribed 2.79 times, while those of non Institutional investors was subscribed 0.24 times and retail individual investors were subscribed 1.66 times.
The share was listed at a price of Rs 1703 down by over 440 points from issue prices of Rs 2150 per share.