From Rs 2 crore to Rs 5,000 crore! How NSE IPO is a jackpot for SBI with 256,775% profit

NSE has filed a DRHP for a mega Rs 30,000 crore IPO structured entirely as an offer for sale of about 148.9 million shares, around 6% of paid-up capital, making it the largest IPO in Indian history and surpassing Hyundai Motor India's 2024 listing. SBI is offering 24.75 million shares acquired at an average cost of 80 paise, now valued at around Rs 2,055 in unlisted markets, for an estimated Rs 5,086 crore gain or about 2,568-fold return. NSE will list on rival BSE, with allocation set at 50% for QIBs, 15% for non-institutional bidders, and 35% for retail investors.