SBI Funds Management IPO Subscribed 41.66x: What the ₹2.98 Lakh Crore Demand Reveals
SBI Funds Management’s ₹9,812.91-crore IPO closed with bids worth nearly ₹2.98 lakh crore and an overall subscription of 41.66 times. The demand was overwhelmingly led by institutional investors, putting the public issue among India’s biggest IPO fund-raising events by bid value.
By Vipin Bihari