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SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit

SBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management, India's biggest IPO of 2026 so far. The issue, priced at Rs 545-574 per share, is entirely an offer for sale, with no fresh equity issuance or proceeds going to the asset management company.

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Economic TimesLean R·1h ago
SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit
SBI and Amundi India Holding are set to earn combined profits of about Rs 11,658 crore from the Rs 11,693 crore IPO of SBI Funds Management, India's biggest IPO of 2026 so far. The issue, priced at Rs 545-574 per share, is entirely an offer for sale, with no fresh equity issuance or proceeds going to the asset management company.
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SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit

How 1 sources are covering this

SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit

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