By Poonam Behura
CNBC-TV18.com
Published on October 9, 2024
About 260 firms raised over $9 billion through IPOs in India this year, more than double the amount from the same period last year. But, what are the returns for investors?
India's largest IPO till date, Hyundai Motor India is gearing up to launch its ₹27,870 crore IPO on October 15, 2024, generating considerable interest among investors.
Life Insurance Corporation, the second biggest IPO after Hyundai Motor India, has given a steady CAGR return of 7.92% as of October 8. The firm was listed on May 4, 2022.
Paytm's IPO, which came with much fanfare on November 8, 2021, lost its shine soon after the listing. Its CAGR returns as of October 8 is -28.96%.
Coal India has shown a modest gain of 2.62% as of October 8. The government-owned firm public listing was available from October 18, 2010.
The returns for General Insurance Corporation of India has seen a slight decline of 1.62% as of October 8. It went public on October 11, 2017.
Credit card firm SBI Cards' returns is currently down 8.16% as of October 8. The company listed on March 2, 2020.
Anil Ambani-owned Reliance Power, which recently declared itself as debt-free, has struggled with a return of -9.81% as of October 8. Its IPO opened on January 15, 2008.
New India Assurance returns have faced a dip of 6.60% as of October 8. The insurer's IPO opened on November 1, 2017.
Zomato stands out with a +30.50% CAGR return as of October 8. The IPO for the top food delivery platform opened for subscription on July 14, 2021.
HDFC Life has provided a 10.91% return as of October 8. Its IPO opened for subscription on November 7, 2017.