In the past, SBI’s entry into YES Bank helped it stabilise deposit base. SMBC’s entry into YES Bank could potentially lead to one more reset on the asset front
This week, the Indian primary market is buzzing with activity as three major IPOs are set to open on Wednesday, 10th September, and close for bidding on Friday, 12th September. Urban Company is the highlight, launching a ₹1,900 crore IPO with a price band of ₹803 per share and a lot size of 145 equity shares. Retail investors have a 10% allocation, and brokerage houses like SBI Securities and Aryan Capital have recommended subscribing. Sringar House is another significant IPO, entirely a fresh share sale of ₹401 crore, with 35% retail allocation and positive ratings from SBI Securities and Smiths. Lastly, Dave Accelerators, a co-working space company, is launching a ₹143 crore IPO with a price band of ₹56–61 per share, currently rated neutral by SBI Securities. Stay tuned as we track investor interest and updates from these highly anticipated IPOs
Infosys is seen gaining from mega deals and AI-led efficiencies. SBI Life delivers balanced growth with wider reach and digital push, said Deven Choksey Research.
JM Financial continues to favour large private banks over mid-sized peers due to stronger returns and lower asset quality risks. ICICI, HDFC, SBI, Axis, and City Union Bank lead its pecking order post weak Q1FY26.
Stock analysts said demand is gradually picking up from Q2 onwards, and the bank is also re-looking at growth in certain segments it had placed on the back burner earlier.
SBI share pirice targets: Systematix continued to maintain 'Buy' rating on SBI with a revised target price of Rs 1,020 against Rs 1,027 earlier. Nuvama retained 'Buy' with an unchanged target price of Rs 950.
SBI Q1: Operating profit for the quarter grew 15.49 per cent YoY to Rs 30,544 crore. Return on assets (ROA) and return on equity (ROE) stood at 1.14 per cent and 19.70 per cent, respectively.
State Bank of India is offloading 40 lakh shares purchased at ₹2 each. At the upper IPO price band of ₹800, SBI will pocket ₹320 crore—a return of 39,900% on its original ₹80 lakh investment.
National Securities Depository Limited (NSDL) IPO is set to open on July 30, marking its debut on Dalal Street nearly seven years after its peer CDSL got listed. NSDL is looking to raise around ₹4,011 crore through a pure offer for sale from existing shareholders like NSE, IDBI Bank, SBI, HDFC Bank, and others. The price band has been set between ₹760 and ₹800 per share. While CDSL holds nearly double the number of accounts compared to NSDL, NSDL has a stronger institutional base, making this IPO an interesting opportunity for diversification. Catch a detailed analysis of NSDL IPO
The Indian benchmark indices, the Sensex and Nifty50, continued their upward trend for the second day, lifted by strong first-quarter earnings from private lenders HDFC Bank and ICICI Bank.
SBI shares ended 0.11% higher at Rs 824.20 on Monday against the previous close of Rs 823.30 on BSE. Market cap of SBI stood at Rs 7.35 lakh crore.