SBI Funds Management is betting that its Rs 9,813 crore initial public offering (IPO), which opens on Tuesday for public subscription, will do more than test investor appetite: it will revive confidence in a market starved of quality share sales.
Debasish Mishra, managing director and chief executive officer of India’s largest asset manager, expects the offering to draw investors back from the sidelines and pave the way for more companies to enter the primary market.
