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Asia

SBI Funds Management gets highest applications for any IPO this year, sees Rs 2.98 lakh crore investor rush

Markets-Economic Times · 2h ago · 🇮🇳 India

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.

Read the full story at Markets-Economic Times →

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