India's largest IPO attracts ₹2.97 trillion in bids
pre-market1 source ↓written by the desknot a recommendation
- $30.7 billion
- ₹2.97 trillion
- subscribed
- 140 times
- retail participation
- 3.6 times
India’s largest IPO this year, SBI Fund Management, received bids worth ₹2.97 trillion ($30.7 billion), highlighting strong institutional interest. The qualified institutional buyer segment was 140 times subscribed, primarily by domestic banks and insurers, while retail participation was 3.6 times. This robust demand signals positive sentiment ahead of upcoming major IPOs from Jio Platforms and others.
Not investment advice. For informational purposes only.