VERIFIEDET Markets·3 Sept 2026positive

Up to 290% gains! SBI, Federal Bank make massive windfall as Arcil’s Rs 733-crore IPO hits D-Street

AI Summary

·SBI and Federal Bank have seen gains of 281% and 292% respectively on their Arcil investments.
·Arcil, an asset reconstruction company, is launching an IPO worth Rs 733 crore.
·The IPO, an Offer For Sale (OFS), will open on September 9, with Arcil projecting stronger profit and revenue growth for FY26.