SBI Funds Management plans $1.2 billion IPO with ADIA, GIC backing
pre-market1 source ↓written by the desknot a recommendation
- $1.2 billion IPO
- the firm
- $12.3 billion
- the reserved quota
- 5x
- in assets
- ₹12.5 trillion
SBI Funds Management has secured backing from ADIA and GIC for its $1.2 billion IPO, valuing the firm at $12.3 billion. Institutional demand is nearly 5x the reserved quota, with half allocated for retail investors. This move positions the fund house as India's largest asset manager, overseeing ₹12.5 trillion in assets.
Not investment advice. For informational purposes only.