BlackRock, SBI MF lead Tonbo Imaging’s Rs 255 crore anchor round ahead of IPO
State Bank of India moved higher in an ipo & listings development with October 15 in focus.
· Economic Times Markets
Tonbo Imaging raised Rs 255 crore from anchor investors ahead of its Rs 852 crore IPO, allotting shares at the upper price-band limit of Rs 700. The entirely offer-for-sale issue will open on October 15 and close on October 19.
Key facts
- Dates in focus
- October 15 and October 19
The analysis
State Bank of India reported Rs 255 crore, Rs 852 crore and Rs 700. 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 +1.7% on the day at ₹957.00, and has returned -6.0% over three months. It sits 22% below its 52-week high. The banks sector has moved -2.2% over the same period, so State Bank of India is running 3.8 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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