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State Bank of India's Rs 1,000-crore retail bonds issue was subscribed over five times, with the overall subscription, including those by high networth individuals and qualified institutional bidders, being pegged at around nine times.
“Provisional data shows that retail bidders put in bids aggregating over Rs 5,000 crore. Qualified institutional bidders and high networth individuals have put in bids aggregating about Rs 3,500 crore and a little over Rs 500 crore,” said a merchant banker dealing with the bond issue. The issue opened on February 21 and closed on February 28.
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