State Bank of India is leading the pack, with Rs 15,000 crore follow on public offer planned, for which it is starting the road-show.

The bank is discuss with the government for dilution of its stake through follow-on-public offer (FPO) or Qualified Institutional Placement(QIP).

At SBI the ASBA is a supplementary process for applying in public issues. ASBA facility can be used for Initial and Follow-on Public Offers (IPO and FPO), Rights Issues, and Debt Issues.

Most Important Terms & Conditions:

An investor should be from the approved category as per SEBI guidelines.

An investor should maintain a Savings Bank or Current Account with SBI.

An investor should have Demat account with any of the DP.

An investor should have Permanent Account Number (PAN).

An investor should have sufficient clear credit balance in the Savings Bank or Current account for application money.

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Address:

State Bank of India
Capital Market Branch
Videocon Heritage (Killick House),
Ground Floor,
Charanjit Rai Marg,
Fort, Mumbai 400 001
Telephone
022-22094932, 22094927
Fax
022-22094922, 22094921