India’s largest asset management company, SBI Funds Management, has announced the price band for its much-awaited initial public offering (IPO) at ₹545–574 per share. The ₹11,692.38-crore public issue, which is entirely an offer for sale (OFS), will open for subscription on July 14 and close on July 16, while anchor investor bidding is scheduled for July 13. As no fresh shares are being issued, the proceeds will go entirely to the selling promoters, State Bank of India and Amundi India Holding, rather than the company. The listing is expected to strengthen SBI Funds Management’s market visibility and brand presence, while offering investors an opportunity to participate in India’s largest domestic mutual fund house.
