Indian billionaire Mukesh Ambani's AI-to-telecoms arm Reliance Jio Platforms is gearing up for a stock offering which could be India's biggest-ever. ADVERTISEMENTHere are the five largest Indian IPOs of all time before Jio Platforms IPO:Hyundai Motor IndiaHyundai, the world's third-largest automaker and India's fourth-biggest passenger vehicle maker, raised 278.7 billion Indian rupees ($2.97 billion) in October 2024 in India's largest-ever IPO. PaytmPaytm, India's fintech firm, raised 183 billion Indian rupees in November 2021 in a mix of a fresh share issue and an offer for sale. Paytm lost more than 27% on its debut, the biggest listing-day drop in Indian IPO history at the time. The IPO was oversubscribed 54 times - the most heavily subscribed major Indian IPO since Reliance Power's listing in 2008 -- attracting bids worth about 4.4 trillion rupees.

Source: The Telegraph March 24, 2026 10:43 UTC