By Sheetal Kumari | March 3, 2025
MC Desk | July 28, 2025
State Bank of India to earn Rs 320 crore from NSDL IPO; original investment was just Rs 80 lakh.
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IDBI Bank converting Rs 4.44 crore into Rs 1,776 crore by selling 2.22 crore shares.
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NSE offloading 1.8 crore shares for Rs 1,418 crore, originally bought at Rs 12.28 each.
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HDFC Bank to gain nearly 7 times by selling 20.1 lakh shares bought at Rs 108.29.
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Union Bank of India’s Rs 26 lakh investment to fetch Rs 40 crore in IPO proceeds.
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IDBI Bank and NSE trimming stakes to meet SEBI’s 15% ownership cap for depositories.
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NSDL IPO opens July 30, closes August 1; allotment likely by August 4 and listing on August 6.
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NSDL IPO commanding Rs 137 GMP, indicating 17.2% premium expected on listing.
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Moneycontrol advises users to check with certified experts before taking any investment decisions.
(Image: Reuters)