Zetwerk eyes ₹27,000 crore IPO valuation as over 30 investors weigh anchor book
State Bank of India is in focus in an ipo & listings development.
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Abu Dhabi Investment Authority (ADIA), Norway's central bank, and the asset management arms of Goldman Sachs, SBI and HDFC are among more than 30 foreign and domestic investors considering participation in Zetwerk's anchor book ahead of its IPO.
The analysis
State Bank of India reported ₹27,000 crore. 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 +2.0% on the day at ₹959.10, and has returned -6.6% over three months. It sits 22% below its 52-week high. The banks sector has moved -2.5% over the same period, so State Bank of India is running 4.1 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.
Market context
- The company directly in focus is SBIN.
- Sector exposure: Banks.
In this story
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