SBI Funds lists 7% above IPO price after $31 billion in bids
Why it matters: The muted debut tempers hopes for upcoming mega Indian listings including Jio Platforms and the NSE.
Subject
#State Bank Of India
NSE IPO could value India’s top bourse at about $57 billion
What's new: The draft filing is a 6% share sale by existing holders, setting up roughly $2.6 billion in gains for top investors.
India’s NSE files for IPO as $6.3 billion listings pipeline builds
What’s next: The share sale still needs regulatory clearance, and a planned Jio listing could make up nearly a third of last year’s IPO haul.