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The Economic Times
The Economic Times

SBI MF confident of IPO despite volatilities; aims to double foreign book in 3 years

SBI SBI MF IPO Debasish Mishra United States SBI Funds Management

IPO-bound SBI Funds Management on Thursday exuded confidence in the largest asset manager's Rs 11,600-crore maiden public equity offering sailing through despite prevailing market volatilities.

The entity, which declared a price band of Rs 545-574 per share for the initial public offering, is looking to double the international book to USD 5 billion in three years from the present USD 2.5 billion as part of a revenue augmentation plan, a top official told PTI.

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