Life Insurance Corporation of India (LIC) is set to launch the largest initial public offering (IPO) in India’s stock market. LIC has fixed the price band at Rs 902-949 per share and the IPO will open for subscription on May 4. The government will sell its 3.5% stake in the insurance behemoth via an offer for sale (OFS) route.

At the upper price band, the government will raise around Rs 21,000 crore. Despite the reduced size of Rs 20,557 crore, the LIC IPO is going to be the biggest initial public offering ever in the country, said Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey.

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Here’s a list of India’s top 10 IPOs:

One97 Communications (Paytm): Paytm parent One97 Communications’ IPO of up to Rs 18,300 crore in November 2021 is still the country’s largest stock market listing, beating Coal India’s massive IPO in 2010.

Coal India Ltd: The state-run miner listed on the stock exchange with an issue size of Rs 15,199 crore in November 2010. Coal India is the world’s largest coal miner.

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Reliance Power: The company raised Rs 11,700 crore through IPO in 2008. The stock is listed with a premium of 22% at Rs 548 against its issue price of Rs 450.

General Insurance Corporation of India: The state-run reinsurer in October 2017 raised Rs 11,176 crore through an initial share sale. The stock is listed at a discount of 7% at Rs 850 compared to its issue price of Rs 912.

SBI Cards & Payment Services: State Bank of India’s subsidiary 2020 raised Rs 10,355 crore through an IPO.

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New India Insurance: The Ministry of Finance-owned New India Insurance raised Rs 9,600 crore through an initial share sale in 2017.

Zomato: The online food delivery giant raised Rs 9,375 crore in 2021 through an IPO.

DLF: The real estate company Delhi Land and Finance raised Rs 9,187.50 crore in 2007.

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HDFC Life Insurance: HDFC Life Insurance, formerly known as HDFC Standard Life Insurance raised Rs 8,695 crore in 2017 through an IPO.

SBI Life Insurance: The joint venture company raised Rs 8,400 crore in 2017. It started as a joint venture between the State Bank of India and France-based BNP Paribas Cardiff.