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  5. Hyundai Motor, LIC, Paytm, Tata Capital, Coal India: How India's biggest IPOs are performing vs issue price

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Hyundai Motor, LIC, Paytm, Tata Capital, Coal India: How India's biggest IPOs are performing vs issue price

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox
By Kamal Joshi

4 min read | Updated on April 06, 2026, 15:40 IST

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SUMMARY

Of the top five biggest Indian IPOs, two had issue sizes exceeding ₹20,000 crore, while three raised between ₹15,000 crore and ₹20,000 crore.

Stock list

HYUNDAI
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LICI
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PAYTM
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TATACAP
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COALINDIA
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Hyundai Motor, LIC, Paytm, Tata Capital, Coal India, here's how India's biggest IPOs are performing vs issue price

Hyundai Motor India shares debuted at a 1.32% discount to the IPO issue price on October 22, 2024. | Image: Shutterstock

FY27 will see mega initial share sales of Reliance Jio, which could be India's biggest ever offering, and the National Stock Exchange (NSE). Currently, Hyundai Motor India's ₹27,858.75 crore IPO holds the top spot, followed by the Life Insurance Corporation of India (LIC), which had the issue size of ₹20,557.23 crore.

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Of the top five biggest IPOs, two had issue sizes exceeding ₹20,000 crore, while three raised between ₹15,000 crore and ₹20,000 crore.

Hyundai Motor India

Carmaker Hyundai Motor India Ltd's ₹27,858.75 crore IPO was solely an offer for sale (OFS) of 14.22 crore shares by promoter Hyundai Motor Company. It was subscribed 2.37 times.
The stock debuted at ₹1,934 apiece on the National Stock Exchange (NSE) on October 22, 2024, reflecting a discount of 1.32% to the IPO issue price of ₹1,960 apiece.

As of April 6's closing, it was down 13.11% to ₹1,703 per share from the issue price.

In the December quarter of the financial year 2025-26, the company had posted a 6.3% increase in its standalone profit after tax to ₹1,194.92 crore compared to ₹1,124.08 crore in the same period of the previous fiscal year.

Its revenue from operations advanced 7.45% to ₹17,452.70 crore in Q3 FY26 as against ₹16,241.53 crore in the quarter ended December 2024.

New IPOs Alert: SBI Funds, Manipal Health among 38 cos file DRHPs in March; FY27 to see NSE, Jio issues

LIC

Shares of the Life Insurance Corporation of India closed at ₹746.80 per unit on April 6, which is 21.30% below the IPO price of ₹949. The stock made its market debut on May 17, 2022.

The scrip hit its 52-week low of ₹721.50 on April 2, 2026, while its year's high of ₹980 was achieved on June 30, 2025.

The ₹20,557.23 crore issue was solely an offer for sale (OFS) of 22.14 crore shares by the promoter, the President of India, acting through the Ministry of Finance, Government of India.

In Q3 FY26, the life insurer had reported a consolidated post-tax profit of ₹12,958.22 crore, up 17.20% compared to ₹11,056.47 crore in the year-ago period.

One 97 Communications

The stock of Paytm operator One 97 Communications was down 52.23% to ₹1,027 from the issue price of ₹2,150. It had hit the secondary market on November 18, 2021.

The IPO was a mix of fresh issuance of ₹8,300 crore and an OFS of ₹10,000 crore. The total issue size was ₹18,300 crore.

It had recorded its year's high of ₹1,381.80 on December 2, 2025, while the 52-week low of ₹753.10 was hit on April 7, 2025.

The company had posted a net profit of ₹225 crore in the latest December quarter, compared to the net loss of ₹208 crore in Q3 FY25. Revenue from operations surged 20% year-on-year (YoY) to ₹2,194 crore.

Here's how India's biggest IPOs are performing vs issue price

CompanyListing DateIssue sizeIssue priceCurrent Price*Change (%)
Hyundai Motor IndiaOct 22, 2024₹27,858.75 crore₹1,960₹1,703-13.11%
Life Insurance corporationMay 17, 2022₹20,557.23 crore₹949₹746.80-21.30%
One 97 CommunicationsNov 18, 2021₹18,300 crore₹2,150₹1,027-52.23%
Tata CapitalOct 13, 2025₹15,511.87 crore₹326₹308.05-5.50%
Coal IndiaNov 4, 2010₹15,199.44 crore₹245₹458.55+87.16%
*As of April 6, 2026's closing price on the NSE.
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About The Author

Journalist Kamal Joshi, former Republic TV and latestly editor, now associated with Upstox
Kamal Joshi is a business journalist who covers industries, markets, and IPOs. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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