The Economic Times

SBI's 80 paise masterstroke: How NSE IPO could deliver Rs 2,850 crore jackpot and 2,23,025% return

SBI is set to potentially book a massive profit from the NSE IPO by selling up to 1.60 crore shares acquired at a weighted-average cost of just 80 paise each. At the upper price band of Rs 1,785, the stake sale could fetch around Rs 2,850 crore, implying a staggering 223,025% return.