SBI shares rise 3.4% on mutual fund IPO filing
pre-market1 source ↓written by the desknot a recommendation
- SBI shares surged
- 3.4%
- in early trading
- ₹1,085
- after SBI Mutual
- 20 Mar 2025
- in assets
- ₹12.63 lakh crore
- equity shares entirely
- 20.37 crore
State Bank of India (SBI) shares surged 3.4% to ₹1,085 in early trading on 20 Mar 2025 after SBI Mutual Fund filed IPO papers with SEBI. The fund, with ₹12.63 lakh crore in assets under management, is set to offer 20.37 crore equity shares entirely through an offer for sale. This move highlights SBI's strong position in the mutual fund sector.
Not investment advice. For informational purposes only.