571899 SIP myths you must know!

Digital payments startup Paytm has filed a draft red herring prospectus (DRHP) with the market regulator for its proposed Rs 16,600-crore initial public offering (IPO). The document showed that the company is aiming to raise Rs 8,300 crore through fresh equity sale and another Rs 8,300 crore through offer-for-sale. This will be the country’s largest initial share sale. Money9 looks at the other big issues in India

Coal India 

The IPO by a state-owned company hit the primary market in 2010 to raise around Rs 15,200 crore. The issue was opened for subscription from October 18-21, 2010. Coal India got listed on bourses on November 4, 2010. The company had fixed a price band of Rs 225 to 245 per share. With a market capitalisation of Rs 90,300 crore, the current market price of the share is Rs 145.60.

Reliance Power

Reliance Power launched its IPO in 2008 to raise Rs 11,700 crore. Shares of the company have eroded more than 97% of investors wealth since listing on February 11, 2008. The scrip closed at Rs 13.02 on July 17, 2021 against the issue price of Rs 450. The public offer was opened for subscription from January 15-18, 2008. The company had fixed a price band of Rs 405-450. The market capitalisation of the company now stands at around Rs 2,800 crore.

General Insurance Corporation

The state-owned reinsurer hit the primary market in 2017 to raise Rs 11,176 crore. The issue was opened for subscription from October 11, 2017 to October 13, 2017. The company had fixed a price band of Rs 855-912 for the public offer. With a market capitalisation of Rs 32,465 crore, shares of the company closed at Rs 185 on July 16, 2021.

ONGC

Initial public offerings of ONGC was opened for subscription from March 5-13 in the year 2004 to raise around Rs 10,500 crore. ONGC had fixed a price band of Rs 680 to Rs 750. Market capitalisation of the company now stands at Rs 1,46,811 crore.

New India Assurance

With a market capitalisation of Rs 27,134 crore, shares of the company traded at Rs 164.65 on July 16, 2021. Earlier, New India Assurance launched its IPO from November 1-3, 2017. The company had fixed a price band of Rs 770-800 per share to raise Rs 9,585 crore.

Zomato

Zomato’s Rs 9,375 crore IPO got oversubscribed by 38 times on the last day of the bidding process on July 16, 2021. The online food delivery firm got bids for 2,751.25 crore shares against 71.92 crore shares on offer, stock exchange data showed.

DLF 

The issue hit the primary market in 2007 to raise Rs 9,185.50 crore. The public offer was opened for subscription from June 11-17, 2007. DLF had fixed a price band of Rs 500-550 per share for the public offer which got listed on July 5, 2007.

HDFC Standard Life Insurance

HDFC Standard Life Insurance IPO was opened for subscription from November 7 to November 9, 2017, to raise Rs 8,695.01 crore. The company had fixed a price band of Rs 275-290. Later, the scrip got listed on bourses on November 17, 2017.

Cairn India

The company amalgamated with Vedanta in 2018. However, it hit the primary market in December 2006 to raise Rs 8,616 crore. The company had fixed a price band of Rs 160-190 for the public offer. Shares of the company listed on bourses on January 9, 2007.