SBI Funds Management IPO: Inside India's largest AMC IPO since LIC
SBI Funds Management, India's largest mutual fund house managing over ₹12.5 lakh crore, is going public with a ₹11,693 crore IPO opening July 14. The entire issue is an Offer for Sale- SBI and Amundi are cashing out stakes, not raising fresh capital for the company. It's the biggest listing since LIC, priced at a valuation discount to peers like HDFC AMC and ICICI Pru because of its heavier ETF/debt mix.To know more, head over to askfuzz.ai
The skinny
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