HighPositive
Announced Sat, 20 Jun · 15:14 IST

Reliance Jio, NSE IPOs set stage for new record! Here are the 5 largest public issues in Indian stock market history

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AI summary

Jio Platforms filed its DRHP with SEBI for what could be India's largest-ever IPO, with bankers estimating the issue could raise as much as $4 billion (around ₹37,000 crore), surpassing Hyundai Motor India's ₹27,859 crore record. NSE also filed papers for its long-awaited listing, expected to raise nearly ₹30,000 crore ($3.2 billion). Chairman Mukesh Ambani described the Jio IPO as the most important value creation milestone of the year, marking Reliance Industries' first IPO since Reliance Petroleum's 2006 listing; the article also recaps India's top five largest IPOs including LIC, Paytm, and Tata Capital.