SBI Funds reduces IPO size to Rs 9,813 crore after pre-offer placement. Will it impact listing gains?

July 13, 2026

SBI Funds Management has cut its IPO size to Rs 9,813 crore from Rs 11,693 crore after raising Rs 1,655 crore through a pre-IPO placement with 30 anchor investors. The IPO, entirely an offer-for-sale by SBI and Amundi India Holding, will open on July 14. SBI sold 1.42% stake at Rs 574 per share, the upper price band.

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