Mumbai: Indian property developer DLF Ltd opened its initial public offer on Monday to raise up to Rs 96.25 billion ($2.4 billion) in the country’s biggest-ever IPO.
The offering, priced at Rs 500-550 ($12.2 to $13.4) per share, is open for subscription till Thursday.
Here is a list of the top 10 IPOs by Indian companies:
Source: Prime Database
NOTE: The figures are given in Indian rupees for easier comparison. Because of exchange rate changes, the dollar conversions vary.
* Cairn IPO size was revised upwards from 52.60 billion rupees as company sold more shares subsequently through underwriters.
** Reliance Petroleum Ltd. was a new company founded by Reliance Industries Ltd.
*** This company, which had the same name, was later merged with Reliance Industries. ($1=40.9 Indian rupees)