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The Economic Times
The Economic Times
Akash Podishetti

Up in the air! Can SBI Funds Management IPO investors look past OFS to expect strong listing day gains?

SBI Funds Management SBI SBI Funds IPO Feroze Azeez AMC Amundi Amundi India Holding Arihant Capital SBI MF

SBI Funds Management's Rs 11,000 crore-plus IPO has drawn strong interest because of its scale, brand and valuation, but analysts said the offer-for-sale structure and the size of the issue could keep listing gains measured. The IPO is entirely an offer for sale of up to 20.37 crore shares by State Bank of India and Amundi India Holding.

SBI is selling up to 12.83 crore shares, while Amundi India Holding is selling up to 7.54 crore shares. Since there is no fresh issue, SBI Funds Management will not receive any proceeds from the IPO.

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