SBI Funds IPO attracts ₹2,663 crore from anchor investors
after close1 source ↓written by the desknot a recommendation
- from anchor investors
- ₹2,663 crore
- part
- ₹1.2 billion IPO
- The firm allocated
- 46.4 million shares
- each
- ₹574
- ₹1.17 trillion
SBI Funds Management raised ₹2,663 crore from anchor investors, including sovereign wealth funds from Singapore and Abu Dhabi, as part of its ₹1.2 billion IPO. The firm allocated 46.4 million shares at ₹574 each, aiming for a valuation of up to ₹1.17 trillion. This IPO is poised to be one of India's largest this year.
Not investment advice. For informational purposes only.