The much-awaited Jio Platforms IPO has brought the spotlight back to India’s IPO market, attracting investor attention with its massive issue size and valuation.
The issue is being closely watched as a landmark event for India’s capital markets. Against this backdrop, here are the major IPOs that were launched over the past three years.
Jio Platforms IPO
The ₹30,213-crore initial public offering of Jio Platforms hit full subscription by 11 am, barely 1.5 hours after the opening bell, on the day the subscription window was open to the public. The price band has been fixed between ₹1,065 and ₹1,119 per equity for a minimum lot size of 12 shares, which is required for bidding. It needs to be seen how the investors react to India's largest IPO so far.
Hyundai Motor India IPO
Hyundai Motor India created history in October 2024 with an issue size of ₹27,870 crore, making it India’s largest IPO at the time. The public issue attracted significant attention because of Hyundai’s position in the automobile market. However, the listing was not impressive, closing roughly 5.9 per cent below the offer price.
NSE India IPO
Following closely behind Hyundai is the National Stock Exchange, which went public with an issue size of around ₹22,569 crore. The stock listed at 1,800 rupees on the BSE on September 24, up 0.84 per cent from its issue price of 1,785 rupees.
Tata Capital IPO:
With a total issue size of ₹15,511.87 crore, Tata Capital launched its initial public offering in 2025 and hit the market flat, with a listing gain of 1.23 per cent on its debut.
HDB Financial Services IPO
A retail-focused non-banking financial company (NBFC) subsidiary of HDFC Bank, the HDB Financial Services IPO had an issue size of ₹12,500 crore and recorded a listing gain of 12.84 per cent on its stock market debut.
