SBI Funds Management likely to file papers for ₹13,600-cr IPO in March: Report

SBI Funds Management Ltd (SBIFML) may file draft papers for an IPO next month, in what could be the biggest listing by an asset management company in India, Bloomberg reported. SBIFML plans to submit its DRHP in the first half of March to raise around ₹13,600 crore, it added. SBI Funds is reportedly targeting a valuation of about $15 billion.