Biggest ipos in india
In the Indian stock market, some IPOs are not just business events, they are national festivals. When a giant company goes public, it captures the imagination of millions, from small-town shopkeepers to big-city fund managers. These Mega IPOs are significant because they test the strength of the Indian economy and often bring lakhs of new first-time investors into the market.
For over a decade, the title of India's Biggest IPO was held by Coal India, but the last few years have seen records being shattered one after another. As we move through 2026, the size of these offerings is reaching levels we once thought impossible. Whether it’s a government giant or a global car maker, these are the heavyweights that have shaped the history of Dalal Street.
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The Top 10 Biggest IPOs in India (By Issue Size)
Here is the Hall of Fame for the largest initial public offerings in India as of early 2026.
Rank
Company Name
Issue Size (Approx.)
Year
Sector
1
₹27,870 Cr
2024
Automobile
2
₹21,008 Cr
2022
Insurance
3
₹18,300 Cr
2021
Fintech
4
₹15,512 Cr
2025
Finance
5
₹15,199 Cr
2010
Energy/Mining
6
HDB Financial Services
₹12,500 Cr
2025
NBFC
7
₹11,700 Cr
2008
Power
8
₹11,607 Cr
2025
Electronics
9
₹11,327 Cr
2024
Tech/Delivery
10
₹11,176 Cr
2017
Insurance
The Marquee Hits of the Decades
1. Hyundai Motor India (2024) - The Global Giant
Surpassing LIC, Hyundai’s IPO became the largest ever in India. It showed that global corporations view the Indian stock market as a world-class platform to raise billions of dollars.
2. LIC of India (2022) - The People's IPO
This was a historic moment for India’s disinvestment drive. Millions of policyholders became shareholders for the first time. Even today, it remains one of the most widely held stocks in Indian households.
3. Coal India (2010) - The Long-Time King
For 11 years, this was the record-holder. It was a massive success, getting oversubscribed many times and rewarding investors with steady dividends for over a decade.
Upcoming Giants: The 2026 Watchlist
The records above might not last long. In 2026, several Mega-Listings are expected to hit the market with valuations that could dwarf previous records:
- Reliance Jio: Widely expected to be the biggest IPO in Indian history, with estimates suggesting a massive issue size to support its 5G and AI ambitions.
- NSE (National Stock Exchange): One of the most long-awaited IPOs, which could instantly enter the top 5 list upon launch.
- Flipkart & PhonePe: The Walmart-backed duo are eyeing major listings in 2026, marking a new era for Indian consumer-tech IPOs.