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.
An analyst from YES Securities said that HDFC Bank appears poised for a bullish breakout after a few days of consolidation phase with recent price action showing renewed upward momentum.
State Bank of India (SBI) has launched a Rs 25,000 crore share sale through a qualified institutional placement (QIP). The move follows board approval and comes at a floor price of Rs 811.05 per share.
SBI Cards shares ended 1.98% lower at Rs 913.85 apiece on Wednesday. Market cap of the firm fell to Rs 86,955 crore.
YES Bank: Recently, Moody's upgraded the private lender's rating from Ba3 to Ba2 with a revised 'stable' outlook. The bank's Baseline Credit Assessment (BCA) was also raised from b1 to ba3, reflecting an improvement in its credit profile and overall financial health.
The SBI board had in its meeting on May 3, along with quarterly results, approved the fundraising plan that was proposed to be raised in one or more tranche in FY26 via QIP or follow-on public offer (FPO).
MOFSL said earnings momentum and forward guidance, particularly for PSU banks, have seen a slight moderation, PSU valuations should continue to trade at a premium to their long term averages.
Japan's Sumitomo Mitsui Banking Corp (SMBC) signed a definitive agreement last month to acquire a 20 per cent stake in YES Bank for Rs 13,483 crore.