pexels
The IPO could raise up to $1.2 billion, which would value the company at around $12 billion. SBI Funds is controlled by State Bank of India Ltd. and France's Amundi SA.
Recently, the company's shareholders said they plan to sell a total of 10% of their shares in the IPO, which is expected to happen in 2026.
India continues to be one of the most active markets for initial public offerings globally. This year, the total amount raised through IPOs in India has reached about $18 billion. In comparison, last year's IPO volume set a record at $21 billion, according to Bloomberg.
source: bloomberg.com
Recently, the company's shareholders said they plan to sell a total of 10% of their shares in the IPO, which is expected to happen in 2026.
India continues to be one of the most active markets for initial public offerings globally. This year, the total amount raised through IPOs in India has reached about $18 billion. In comparison, last year's IPO volume set a record at $21 billion, according to Bloomberg.
source: bloomberg.com
