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SBI Funds Allocates $278.5M to Singapore, Abu Dhabi Sovereign Wealth Funds in IPO Anchor Placement

2026-07-13 20:10:37

According to SBI Funds Management's official filing on Monday evening, India's largest asset manager allocated 46.4 million shares to anchor investors, including sovereign wealth funds from Singapore and Abu Dhabi, at the IPO price cap of 574 rupees per share, representing 26.63 billion rupees ($278.5 million) of its 1.2 billion dollar offering. The company is targeting a valuation of 1.17 trillion rupees through the IPO.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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