{
  "id": 6732538,
  "title": "As NSE, Reliance Jio eye listings, what are India's biggest share offerings?",
  "url": "https://urgent.news/2026/09/11/as-nse-reliance-jio-eye-listings-what-are-indias-biggest-share",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T08:37:57.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/ipo-dashboard/as-nse-reliance-jio-eye-listings-what-are-indias-biggest-share-offerings/article71455381.ece"
  },
  "original_language": "en",
  "account": "As of now, the National Stock Exchange (NSE) of India is set to launch its initial public offering (IPO) next week. This offer-for-sale, which does not involve raising fresh capital, is projected to value NSE at around $46 billion, positioning it as the country's third-largest IPO. Meanwhile, Reliance Jio Platforms, a venture led by billionaire Mukesh Ambani, is anticipated to hold its IPO later this year, with an expected raise of approximately $3.8 billion, making it the largest-ever stock offering in India.\n\nIndia's largest-ever IPO to date was Hyundai, the world's third-largest automaker and India's fourth-biggest vehicle manufacturer, which raised ₹27,870 crore ($2.95 billion) in October 2024. The South Korean conglomerate's offering consisted of a pure offer-for-sale where existing shareholders sold shares without raising new capital. Similarly, Reliance Jio Platforms is expected to utilize a similar strategy, with its major investors planning to dilute their stakes.\n\nMeanwhile, the Indian government collected roughly ₹20,500 crore ($2.17 billion) from the sale of a 3.5% stake in India's largest insurance provider and biggest financial investor. This figure significantly deviates from the government's initial target of raising up to $12 billion. Paytm, an Indian fintech firm, managed to raise ₹18,300 crore in November 2021 through a combination of a fresh share issue and an offer for sale. Ant Group, another major player, reduced its stake in Paytm from 28% to 23%, alongside SoftBank's Vision Fund, which decreased its holding to 16%. Paytm's debut witnessed a staggering drop of more than 27%, making it the most significant listing-day decline in Indian IPO history at that time.\n\nThe Tata Group's financial services arm managed to raise ₹15,500 crore in October 2025 through an offer for sale, alongside a fresh issue. This IPO was the largest-ever by a non-banking financial company in India. The shares were listed at a slight premium of 1.23%. South Korean electronics giant LG Electronics sold a 15% stake in its Indian subsidiary, a manufacturer of electronic home appliances, in a pure offer for sale. The issue was highly oversubscribed, attracting bids worth approximately ₹4.4 lakh crore, leading to a surge of 50% in LG's shares on the first day of trading.",
  "summary": "The offer-for-sale, which does not include any fresh capital being raised, will value NSE at close to $46 billion, which would make it the country’s third-largest IPO.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}