Branch² Intelligence
How SBI shareholders can bid twice in arm's IPO
Key takeaway
SBI shareholders get a separate reservation in SBI Funds Management IPO, allowing them to bid twice — once as SBI shareholder and once as retail investor.
- Step 1SBI announces a separate shareholder reservation in the SBI Funds Management IPO, allowing SBI shareholders to bid twice
- Step 2retail investor demand for the IPO surges as SBI shareholders apply under both quotas, driving oversubscription
- Step 3the IPO prices at the upper end of the band, maximising SBI's OFS proceeds and improving its capital adequacy
Source: IN:Economic Times
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