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IPO▲ Bullish for SBI
PSUs in NSE IPO: How much did SBI, other government entities make in India’s second largest offer?
The brief
- Ten public sector entities unlocked nearly Rs 12,802 crore in profit through the IPO
- The offer raised Rs 22,562 crore
- IPO gains benefit SBI and other government shareholders, while increasing public-market liquidity
- Mint explainer: can a new digital portal change how India insures its livestock?
- All isn’t well with India's insurance sector: Irdai's proposals could address what ails it
- Dinesh Pant and Girija Subramanian appointed as IRDAI members
NSE IPO debut, valuation and self-listing plans
NSE’s ₹22,569 crore IPO was subscribed nearly six times, and its shares opened at ₹1,800 before rising to ₹1,845. The exchange has said it is open to self-listing if SEBI permits; analysts have flagged its valuation of ₹4.4 trillion, or 43 times earnings.
Thursday, 24 September
- PSUs in NSE IPO: How much did SBI, other government entities make in India’s second largest offer?