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.
· LiveMint Companies
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 -1.0% on the day at ₹961.85, and has returned -6.2% over three months. It sits 22% below its 52-week high. The banks sector has moved -6.0% over the same period, so State Bank of India is running 0.2 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
- In focus: State Bank of India (SBI) (SBIN), in Banks.
- On the day, 1 of 2 are higher: HDFC Bank leads at +1.4% and State Bank of India (SBI) trails at -1.0%.
- Over three months: State Bank of India (SBI) -6.2% against Banks -6.0% (0.2 points behind); HDFC Bank -8.1% against Banks -6.0% (2.1 points behind).
- At least 25% below the 52-week high: HDFC Bank (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹961.85 | -1.0% | +0.2% | -6.2% | -21.7% | 0.9× | — |
| HDFC BankHDFCBANK · Banks | ₹692.80 | +1.4% | -2.2% | -8.1% | -31.4% | 0.7× | — |
Banks
1M -3.4% · 3M -6.0%
State Bank of India (SBI), HDFC Bank
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
No. 2 on Day 1: How Jio Platforms broke India’s market cap hierarchy on debut itself
Jio IPO: Which mutual funds bet big, and where did your SIP money go?
Breakout stocks: Adani Ports, Nykaa, Saregama on radar; analyst tells why
Sensex, Nifty may gain 5-8% if external headwinds recede: Baldev Prakash
HDFC Bank Share Price Live Updates: HDFC Bank's Weekly Returns Dip