SBI Funds Management raised ₹1,655 crore in a pre-IPO placement from 30 institutional investors including PI Opportunities Fund, Akash Manek Bhanshali, and Tata AIG General Insurance — at ₹574 per share. The ₹11,693-crore IPO opens July 14 and is already commanding a 14% grey market premium, making it India's biggest public issue of the year.
Domestic mutual funds overtook foreign portfolio investors as anchor investors in IPOs for the first time...
