Posted by Almost 153 IPOs were hit the Indian Stock market which valued at almost 11.6 billion USD. 2017 has definitely been the year of IPOs for Indian Companies who went public in the year 2017. Just a few days are left for the year of IPOs to end, let us have a look at the 10 Biggest IPO of India in 2017.
10 Biggest IPOs of India in 2017
1. General Insurance Corporation of India
General Insurance Corporation of India which is also known as GIC Re is the oldest Insurance Company in the Indian Insurance Market headquartered in Mumbai. Insurance of products ranging from property, marine, engineering, energy, aviation, agriculture, space, health, credit and financial insurance is provided by General Insurance. Their headquarter is in Mumbai, with offices in London, Dubai, Moscow and Kuala Lumpur. General Insurance Corporation of India went public on 25th October 2017 with the issue price of Rs 912 per equity share.
Name of the Company: General Insurance Corporation of India
Date of listing: 25th October 2017
Listing Price: Rs 850
Issue Price: Rs 912
Issue Size: Rs 11,175.82 Crore
Gain on the listing day: 5 percent over the issue price of Rs 912
(Source: Financial Report of General Insurance Corporation of India)
2. New India Assurance
The New India Assurance Co. Ltd. is Mumbai based insurance company founded in 1919 by Sir Dorabji Tata which is operated in India and foreign countries. It is the only General Insurance Company which has the presence in 28 Countries. New India Assurance went public on 13th November 2017 with the issue price of Rs 800 per equity share.
Name of the Company: New India Assurance
Date of listing: 13th November 2017
Listing Price: Rs 748.9
Issue Price: Rs 800
Issue Size: Rs 9466.98 Crore
Gain on the listing day: 9 percent over the issue price of Rs 800
(Source: Financial Report of New India Assurance)
3. HDFC Standard Life
HDFC Standard Life is Mumbai based insurance company which offers individual and group insurance. It is a joint venture owned by HDFC and Standard Life which is Edinburgh based company. HDFC holds 61.65 percent stake while Standard Life holds 35 percent stake. Rest is held by other shareholders. HDFC Standard life went public on 17th November 2017 with the issue price of Rs 290 per equity share.
Name of the Company: HDFC Standard Life
Date of listing: 17th November 2017
Listing Price: Rs 311
Issue Price: Rs 290
Issue Size: Rs 8695 Crore
Gain on the listing day: 19 percent over the issue price of Rs 290
(Source: Financial Report of HDFC Standard Life)
4. SBI Life Insurance
SBI Insurance is Mumbai based joint venture insurance company between State Bank of India and BNP Paribas. It holds 70.1 percent stake while BNP Paribas holds 26 percent stake. Rest is held by other shareholders. SBI Life Insurance went public on 3rd November 2017 with the issue price of Rs 700 per equity share.
Name of the Company: SBI Life Insurance
Date of listing: 3rd October 2017
Listing Price: Rs 733.3
Issue Price: Rs 700
Issue Size: Rs 8386.4 Crore
Gain on the listing day: 1 percent over the issue price of Rs 700
(Source: Financial Report of SBI Life Insurance)
5. ICICI Lombard
ICICI Lombard General Insurance Company Limited is the general insurance private company based in Mumbai. Insurance of Car, Health, Travel, Overseas Student Travel, International Travel, Two wheelers, Home is offered by ICICI Lombard. It is a joint venture between ICICI Bank which holds 64 percent stake and Fairfax Financial Holding Limited which holds 35 percent stake. ICICI Lombard went public on 27th September 2017 with the issue price of Rs 661 per equity share.
Name of the Company: ICICI Lombard
Date of listing: 27th September 2017
Listing Price: Rs 650
Issue Price: Rs 661
Issue Size: Rs 5700.94 Crore
Gain on the listing day: 3 percent over the issue price of Rs 661
(Source: Financial Report of ICICI Lombard)
6. IRB InvIT Fund
IRB InvIT Fund is infrastructure investment fund sponsored by IRB Infrastructures Limited. In Roads and Highway sector, it is one of the largest Construction and Infrastructure Development Company in terms of net worth. IRB InvIT went public on 18th May 2017 with the issue price of Rs 102 per equity share.
Name of the Company: IRB InvIT Fund
Date of listing: 18th May 2017
Listing Price: Rs 103.25
Issue Price: Rs 102
Issue Size: Rs 5032.88 Crore
Gain on the listing day: 0.21 percent over the issue price of Rs 102
(Source: Financial Report of IRB InvIT Fund)
7. India Grid Trust
India Grid Trust is an infrastructure investment trust sponsored by IndiGrid InvIT Fund which has major experience in planning, bidding, designing, financing, constructing, operating and maintaining power transmission projects. It went public on 6th June 2017 with the issue price of Rs 100 per equity share.
Name of the Company: India Grid Trust
Date of listing: 6th June 2017
Listing Price: Rs 100
Issue Price: Rs 100
Issue Size: Rs 2249.96 Crore
Gain on the listing day: 2 percent over the issue price of Rs 100
(Source: Financial Report of India Grid Trust)
8. AU Small Finance
AU Small Finance which is also known as AU Financiers limited focus on unbanked and underbanked people from rural and emerging areas of India. They are based in Rajasthan with more than 300 branches in India. AU Small Finance went public on 10th July 2017 with the issue price of Re 358 per equity share.
Name of the Company: AU Small Finance
Date of listing: 10th July 2017
Listing Price: Rs 525
Issue Price: Rs 358
Issue Size: Rs 1912.55 Crore
Gain on the listing day: 51 percent over the issue price of Rs 358
(Source: Financial Report of AU Small FInance)
9. Avenue Supermarts
Avenue Supermarts Ltd which runs under the brand name DMart is Mumbai Based supermarket chain. It offers a wide range of products from Food, Grocery, Decoration, Household, Electronics, Vegetables, Utensils, FMCG, General merchandise and other products. Avenue Supermarts went public on 21st March 2017 with the issue price of Re 299 per equity share.
Name of the Company: Avenue Supermarts
Date of listing: 21st March 2017
Listing Price: Rs 604.4
Issue Price: Rs 299
Issue Size: Rs 1870 Crore
Gain on the listing day: 114 percent over the issue price of Rs 299
(Source: Financial Report of Avenue Supermarts)
10. ERIS LifeScience
ERIS Lifescience is one of the fastest growing pharmaceutical company based in Gujrat. It is involved in research, design, development, manufacturing, and selling of various products for chronic as well as acute categories.
Name of the Company: ERIS Lifescience
Date of listing: 29th June 2017
Listing Price: Rs 612
Issue Price: Rs 603
Issue Size: Rs 1870 Crore
Gain on the listing day: 0.32 percent over the issue price of Rs 603
(Source: Financial Report of ERIS Lifescience)