SBI Funds Management IPO sees 40.44x subscription on final day, driven by strong QIB demand and diverse investor participation.

SBI Funds Management plans a ₹11,693 crore offer for sale, reducing promoter stake to 88%. The company manages ₹29.46 lakh crore across various investment funds. Revenue and net…

Brokerages have recommended subscribing to SBI Funds Managements Rs 9,813 crore initial public offering (IPO), citing its market leadership, strong earnings growth, healthy return…

SBI Funds Management has raised nearly ₹2,663 crore from 129 anchor investors ahead of the opening of its ₹9,813 crore initial public offering (IPO) on July 14.

The non-institutional investors’ portion was subscribed 1.05 times, while the retail investors’ category saw subscription of 0.53 times

The SBI Funds Management IPO was subscribed 52% on day one. Eligible SBI shareholders can apply under a reserved quota, competing only with fellow shareholders, potentially…

The SBI Funds Management IPO entered its final day of bidding with strong investor interest, having been subscribed 2.77 times by Day 2, led by robust NII demand. A 16% grey…