Biggest IPO In History Of Indian Market Coming Soon! Check Out Behemoth IPOs As Hyundai Mulls Listing

South Korea-based Hyundai Motor Company is mulling launching its initial public offering (IPO) for the first time outside the ground. And it is looking to step into the Indian stock market. As per reports, Hyundai is likely to file its IPO papers with market watchdog Sebi soon. Hyundai's IPO is seen to be the biggest public offer in Indian primary market's history.

As per reports, Hyundai will soon file a draft prospectus with Sebi for launching its IPO worth Rs 25,000 crore. The Korean company is reportedly planning to offload 14.2 million shares through the secondary offer.

The buzz related to Hyundai's IPO comes at a time when market participants were expecting the biggest IPO from India's largest conglomerate Tata Group. In early 2024, the buzz of the highest IPO in the Indian market was of Tata Sons due to RBI's latest list of NBFCs in the Upper Layer (NBFC-UL).

The biggest IPO from Tata dulled down soon after as reports further stated that Tata Sons is likely looking at other options to avoid a public listing.

The IPO market has been busy in 2024 so far with a total of 66 companies raising funds via primary market on BSE. The data showed that of the total, 30 IPOs were on BSE's mainboard and 36 IPOs were SMEs as of June 15, 2024, in the current year.

Reports have stated that bankers for the IPO included lead domestic and international banks such as Kotak Mahindra Bank, Citibank, HSBC, JP Morgan, and Morgan Stanley. Hyundai Motor Company has risen as a globally recognized automobile manufacturer that exports its branded vehicles to over 200 countries.

And the reports of the Hyundai IPO sent a frenzy among investors. Why? Because if Hyundai is planning Rs 25,000 crore IPO then that will become the biggest ever in Indian history.

Let's check out the behemoth IPOs in the Indian market as of now:

1. Life Insurance Corporation Of India (LIC) currently holds the title of the biggest IPO in India. In May 2022, the company launched its public offer of Rs 21,008.48 crore. Overall, the IPO was fully subscribed by 2.83 times.

2. Paytm: Vijay Shekhar Sharma launched the second biggest IPO of Rs 18,300 crore in November 2021. The IPO also fully subscribed by 1.89 times.

3. Maharatna PSU and largest coal producer, Coal India is the third largest IPO of Rs 15,199.44 crore which was launched in October 2010. Unlike LIC and Paytm, Coal India received great love from investors as the IPO oversubscribed by 15.28 times.

4. Yet another PSU is on the list of historic IPOs. At the fourth spot, the government-backed General Insurance Corporation launched its IPO of Rs 11,175.84 crore in October 2017. This IPO also fully subscribed 1.38 times.

5. A private life insurer backed by the largest PSU State Bank of India, SBI Cards and Payment Services holds the fifth rank in the biggest IPO. The card services provider launched its Rs 10,354.77 crore IPO in March 2020. The IPO oversubscribed by 26.54 times.

6. The food delivery app, Zomato is also on the list. The company launched its Rs 9,375 crore IPO in July 2021. This IPO has received the highest subscription compared to the top 5, to the tune of 38.25 times.