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SBI Funds Management gets highest applications for any IPO this year, sees Rs 2.98 lakh crore investor rush
SBI Funds Management's Rs 9,813 crore IPO saw 42 times subscription on its final day. Qualified institutional buyers led the strong demand, subscribing 140.11 times their allocated portion. The issue received nearly 65 lakh applications, the highest number for any IPO this year. The company, India's largest asset manager, is expected to list with a double-digit premium.
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thehindubusinessline.com
SBI MF IPO to open on Tuesday, fund house hopes issue will bring investors back
The issue size was earlier planned at ₹11,693 crore but was reduced after SBI last week raised ₹1,655 crore from a group of investors. At the higher end of the price band, the…
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economictimes.indiatimes.com
Can SBI Funds IPO deliver long-term growth for high risk investors?
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…
