Hyundai Motor India Limited’s Rs 27,870 crore IPO led to a record payout of Rs 493 crore in fees to investment bankers, marking the highest ever in India.
The five banks managing the deal earned 1.77% of the total issue size, surpassing the Rs 324 crore paid by Paytm in 2021. This brings total equity share sale fees for 2024 to over Rs 3,000 crore. Other big deals this year include Vodafone’s Rs 287 crore payout and Ola Electric’s Rs 145 crore. In contrast, LIC’s 2022 IPO paid only Rs 11.8 crore.