Restarting IDBI Bank sale was futile, says DIPAM chief on Rs 52,878-crore deal: Report
IDBI Bank is in focus.
· Business Today Mkts
Defending the government's decision to seek improved offers rather than cancelling the transaction or accepting initial bids, DIPAM Secretary Arunish Chawla clarified that the reserve price for the bank was never altered after the opening round.
The analysis
IDBI Bank reported Rs 52,878. 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 -0.8% on the day at ₹79.08, and has returned -5.5% over three months. It sits 32% below its 52-week high, which means a good deal of bad news was already in the price. The banks sector has moved -2.8% over the same period, so IDBI Bank is running 2.7 points behind its peers.
For IDBI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: IDBI Bank (IDBI), in Banks.
- Over three months: IDBI Bank -5.5% against Banks -2.8% (2.7 points behind).
- At least 25% below the 52-week high: IDBI Bank (32%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| IDBI BankIDBI · Banks | ₹79.08 | -0.8% | -7.6% | -5.5% | -31.8% | 0.1× | — |
Banks
1M +0.8% · 3M -2.8%
IDBI Bank
Prices as of 6 Nov 2026, 13:29 IST. Sector moves are the average of the stocks we track in each sector.
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