Branch² Intelligence
SBI Funds Management IPO priced at ₹545-574 per share
Key takeaway
SBI Funds Management IPO priced at ₹545-574 per share, raising ₹11,962 crore via offer for sale.
- Step 1SBI Funds Management IPO priced at ₹545-574, raising ₹11,962 crore via offer for sale.
- Step 2Increased public float and valuation benchmark for Indian asset managers, potentially lifting sector multiples.
- Step 3Foreign and domestic institutional investors reallocate to Indian financials, boosting equity inflows.
Source: IN:The Hindu BusinessLine
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