SBI Funds Management's IPO is priced at a discount to listed asset management companies. Its valuation reflects a lower share of equity-oriented schemes compared to peers. Equity funds generate higher fee income and profitability for asset managers. Investors typically assign premium valuations to asset managers with a larger equity franchise. This preference may explain SBI Funds Management's lower price-to-earnings multiple.

SBI Funds Management, India’s largest asset manager, will draw investments from Abu Dhabi Investment Authority (ADIA) and Singapore’s GIC as part of its $1.2 billion initial…

SBI Funds Management has filed its red herring prospectus for an IPO comprising only an offer for sale by SBI and Amundi India Holding. The listing will offer investors exposure…

The anchor book will open on Monday, July 13. The IPO will open for subscription on Tuesday, July 14, and close on Thursday, July 16.

SBI Funds Management's Rs 11,693-crore IPO has earmarked up to 1.3 crore shares worth nearly Rs 750 crore for eligible SBI shareholders. The offer opens on July 14, with over 38…

SBI Funds Management IPO priced at ₹545-574 opens July 14, aiming to raise ₹11,962 crore and enhance visibility.

SBI Funds Management's IPO is priced at a discount to listed asset management companies. Its valuation reflects a lower share of equity-oriented schemes compared to peers. …

State Bank of India is selling a stake in its asset management unit. This pre-IPO placement provides an early valuation benchmark for the company. SBI Funds Management's initial…

SBI sells 1.42% stake in SBI Funds Management for ₹1,655 crore ahead of its upcoming IPO opening on July 14.