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The funds were mopped up to strengthen balance sheets, retire existing debt and support working capital requirements

The market-heavyweight stock closed at Rs 2,029, a gain of 3.78 per cent on BSE

The country's largest lender State Bank of India (SBI) on Wednesday reported a 55.41 per cent rise in consolidated net profit at Rs 5,245.88 crore for the second quarter.

EY India IPO Trends Report Q3 2020 also showed that real estate, hospitality and construction and technology and telecommunications were the most active sectors with two IPOs launched in each sector