PSUs in NSE IPO: How much did SBI, other government entities make in India’s second largest offer?
State Bank of India is in focus in an ipo & listings development.
24 Sept 2026 · Economic Times Markets
Ten public sector entities, led by SBI and New India Assurance, unlocked a combined profit of nearly Rs 12,802 crore through the Rs 22,562 crore NSE IPO offer for sale. Listed at Rs 1,800, NSE became India's ninth-largest listed firm with a Rs 4.63 lakh crore valuation.
The analysis
State Bank of India reported Rs 12,802 crore, Rs 22,562 crore and Rs 1,800,. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.1% on the day at ₹948.10, and has returned -8.7% over three months. It sits 23% below its 52-week high. The banks sector has moved -4.0% over the same period, so State Bank of India is running 4.7 points behind its peers.
For State Bank of India, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Why it matters
- Listing activity is a read on risk appetite — a hot primary market usually means a confident secondary one.
- With NSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
In this story
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