The largest-ever fresh fundraising through an IPO was by Reliance Power at Rs 10,123 crore in 2008
Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.
Brokers expect pricing at Rs 600 apiece; bankers believe IPO could fetch Rs 450 a share