India's largest IPO attracts ₹2.97 trillion in bids
after close1 source ↓written by the desknot a recommendation
- $30.7 billion
- ₹2.97 trillion
- retail interest
- 3.6 times
India’s largest IPO this year, SBI Fund Management, received bids worth ₹2.97 trillion ($30.7 billion), highlighting strong institutional demand. The portion for qualified institutional buyers was subscribed 140 times, while retail interest was 3.6 times. This robust participation bodes well for upcoming IPOs, including Jio Platforms, expected to raise over $3 billion.
Not investment advice. For informational purposes only.