SBI Mutual Fund IPO set to launch on July 14
after close1 source ↓written by the desknot a recommendation
- with an estimated
- 14 July
- estimated size
- ₹13,500 cr
- 20.37 crore equity shares
- of its stake
- 6.3%
- potentially raising
- ₹8,000 cr
SBI Funds Management plans to launch its initial public offering (IPO) on 14 July with an estimated size of ₹13,500 cr. The offering will consist entirely of an offer for sale of 20.37 crore equity shares. SBI is expected to divest 6.3% of its stake, potentially raising over ₹8,000 cr. This IPO follows regulatory approval from SEBI last month.
Not investment advice. For informational purposes only.