Hyundai, LIC and Paytm IPOs: How Their Debut Performances Compare Ahead of NSE Listing

Hyundai Motor India’s ₹27,858 crore IPO opened in October 2024 at ₹1,934 per share, below its issue price of ₹1,960. After a muted start, the stock remained range-bound for six months before gaining strength in April 2025. It later hit a record high of ₹2,890 but faced a correction due to broader market weakness and rising crude oil prices. At Wednesday’s close of ₹2,095, the stock trades 8.3% above its IPO price.

LIC’s ₹20,557 crore IPO debuted in May 2022 at ₹867.20, 8.62% below the issue price of ₹949, and closed the first day at ₹875.25, down 7.75%. The stock struggled for nine months before entering a strong uptrend from April 2023 to August 2024, delivering nearly 100% gains. The IPO was subscribed 2.05 times, and the company announced a 1:1 bonus issue in May.

Paytm’s parent, One 97 Communications, launched its ₹18,300 crore IPO in November 2021. Shares debuted at ₹1,950, a 9.3% discount to the ₹2,150 issue price. The stock fell sharply to around ₹310 in 2024 due to regulatory pressures and prolonged correction. Since then, it has rebounded significantly, gaining about 220% from its 2024 lows. At the current price of ₹1,775, Paytm is up roughly 472% from its record low but remains 17.44% below its IPO price.

These trajectories highlight the varied post-listing paths of large Indian IPOs, ranging from slow recoveries to sharp rebounds and volatility-driven corrections. As the NSE prepares for its own market debut, these historical performances provide context for investor sentiment and early trading expectations.