Nov 8, 2021By: Kritti Bhalla
One 97 Communications — the parent entity of digital payments giant Paytm — launched its ₹18,300 crore initial public offering (IPO) on November 8.
This is India’s biggest IPO to date, surpassing Coal India’s ₹15,000 crore public issue in 2010.
The Vijay Shekhar Sharma-led company will offer its shares at a price band of ₹2,080-₹2,150, seeking a valuation of $19.3-19.9 billion (₹14.2 lakh crore - ₹1.47 lakh crore). | Revenue FY21: ₹3,186 crore | Loss FY21: ₹1,701 crore.
At nearly $20 billion, Paytm may not be among the highest valued companies, but it has certainly surpassed several market leaders.
Adani Ports, formerly known as Mundra Port and Special Economic Zone Limited, is India’s largest private multi-port operator | Revenue FY21: ₹14,519 crore | Market cap (as of Nov 11): ₹1.46 lakh crore.
Hindustan Zinc is India’s largest Zinc miner, which holds 72 percent market share in India’s Zinc industry | Revenue FY21: ₹24,448 crore | Market cap (as on November 11): ₹1.34 lakh crore.
Pidilite Industries — which is the parent company behind Fevicol — is an Indian adhesives manufacturing company | Revenue FY21: ₹6,289 crore | Market Cap (as on November 8): ₹1.21 lakh crore
Bajaj Auto manufactures motorcycles and three-wheelers in India. The company — which has launched brands like Boxer, Pulsar and many more — sold 39 lakh units in FY21 | Revenue FY21: ₹29,017 crore | Market cap (as on November 8): ₹1.09 lakh crore.
Dabur India is an Indian multinational consumer goods company, which is the entity behind Odomos, Real Fruit juice, Hontius, Hajmola, Chyawanprash | Revenue FY21: ₹9,886 crore | Market cap (as on November 8): ₹1.07 lakh crore
DLF is a commercial real estate developer, which has an operational portfolio of 3.41 crore square feet. | Revenue FY21: ₹5,945 crore | Market cap (as on November 8): ₹1.07 lakh crore.
Mahindra & Mahindra Limited, also known as M&M, is an Indian multinational automotive manufacturing corporation headquartered in Mumbai | Revenue FY21: ₹75,310 crore | Market cap (as on November 8): ₹1.06 lakh crore.
Shree Cement is an Indian cement manufacturer | Revenue FY21: ₹13,942 crore | Market cap (as on November 8): ₹ 1.06 lakh crore.
Coal India Limited is an Indian government-owned coal mining and refining corporation | Revenue FY21: ₹93,818 crore | Market cap (as on November 8): ₹ 1.04 lakh crore.