SBI Funds Management, described by multiple outlets as India’s largest asset manager by assets under management, fixes a price band of ₹545–₹574 per share for its upcoming IPO. The issue is planned as an offer for sale, with shares sold by SBI and Amundi, according to the reports. The IPO is scheduled to open on July 14. Outlets cite figures for the total size that vary slightly by source: Business Line and Business Standard describe the offer for sale at ₹11,962 crore and ₹11,693 crore, respectively, while all agree the IPO is among the largest scheduled for 2026. Business Standard also states the IPO implies a valuation of about ₹1.2 trillion. The reports collectively indicate that SBI Funds Management’s listing process for this share sale is tied to the set per-share price range and will proceed following the opening date, with further details expected as the IPO progresses through pricing and allotment.
SBI Funds Management sets ₹545–574 price band for ₹11,693 crore IPO
SBI Funds Management, described by multiple outlets as India’s largest asset manager by assets under management, fixes a price band of ₹545–₹574 per share for its upcoming IPO. The issue is planned as...
- SBI Funds Management fixes an IPO price band of ₹545–₹574 per share.
- The IPO is scheduled to open on July 14.
- The issue is structured as an offer for sale by SBI and Amundi.
- Reported offer-for-sale size is in the range of about ₹11,693–₹11,962 crore across outlets.
- Business Standard reports the transaction implies a valuation of about ₹1.2 trillion.
India's largest asset manager by mutual fund AUM will open its biggest IPO of 2026 on July 14, with the issue comprising an offer for sale by SBI and Amundi.
1 month agoIndia's largest asset manager by assets under management has set a valuation of Rs 1.2 trillion, with the Rs 11,693 crore offer for sale opening on July 14
1 month agoIndia’s largest AMC to raise ₹11,962 crore through an offer for sale; IPO opens July 14
1 month ago
Padikkal says Player of the Series is sweeter with a series win
Devdutt Padikkal receives the Player of the Series award for his batting in the Test series, after scoring 328 runs and...
India launches stock closing auction, but traders report unexpected price swings
India has introduced an auction-based mechanism to set official end-of-day closing prices for more than 200 stocks, but...
SoftBank weighs $10–$20 billion bond sale to refinance OpenAI investment
SoftBank Group is considering raising additional funds through bond offerings to help refinance debt tied to its investm...