SBI Funds Management IPO could be one of July’s biggest — would you apply if the valuation is around ₹11–13K crore issue size?
SBI Funds Management has already filed its DRHP, and the issue is expected to be a complete OFS of around 20.37 crore shares.
Reports are suggesting an early/mid-July launch, but the final dates, price band and issue value are still awaited.
The brand and AUM scale will obviously attract attention, but since the company itself won’t receive any IPO proceeds, valuation will probably matter a lot.
Would you apply because of the SBI name and AMC business, or wait to see how it is priced?