SBI’s OFS size in SBI MF IPO reduces by 2.88 crore equity shares following secondary share sale

SBI Funds reduces IPO size to Rs 9,812 crore after pre-offer placement. Will it impact listing gains?

SBI Funds Management has cut its IPO size to Rs 9,812 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement with 30 anchor investors. The IPO, entirely an offer-for-sale by SBI and Amundi…