Eyes on Hyundai India’s listing, here are some of the biggest IPOs in the country

Hyundai Motor’s Indian business on Saturday filed draft papers for one of India’s biggest initial public offerings (IPOs). The South Korean automaker said it aims to enhance its brand image and provide liquidity in the country.

Some of the biggest IPOs in India are as follows:

* Life Insurance Corporation of India (LIC)

State-owned insurer Life Insurance Corporation of India raised about $2.45 billion from an IPO filed in February 2022, the largest ever public offering in the country.

, Paytm

Mobile payments and digital money transfer firm Paytm filed for an IPO in July 2021 and raised $2.19 billion.

* Coal India

State-owned mining company Coal India filed for an IPO in August 2010 and raised about $1.82 billion.

* General Insurance Corporation of India

State-owned reinsurer General Insurance Corporation of India had filed for an IPO in August 2017, raising $1.35 billion.

*SBI Cards & Payment Services

The State Bank of India-backed credit card service provider raised $1.24 billion in a 2019 IPO.

* Zomato

Indian food delivery platform Zomato, which competes with IPO-bound Swiggy, filed for an IPO in April 2021 and raised $1.12 billion.

($1 = 83.5487 Indian rupees, as of June 14)