SBI Funds Management fixes ₹545-574 price band for ₹12,000-cr IPO

SBI Funds Management has fixed a price band of ₹545-574 per share for its upcoming ₹11,426.4 crore IPO. The IPO will open for subscription on July 14 and close on July 16, with anchor investor bidding from July 13. At the upper price band, SBI Funds Management is expected to have a market capitalisation of around ₹1.17 lakh crore post-listing.