New Delhi, July 9 -- The initial public offering (IPO) of SBI Funds Management Ltd, India's largest asset management company by quarterly average assets under management (QAAUM), is set to open for public subscription on July 14. The three-day issue will close on July 16, while the anchor investor bidding will take place on July 13.

SBI Funds Management IPO price band is fixed at Rs.545 - Rs.574 per share. The company aims to raise Rs.11,692.91 crore through a book-built issue that is entirely an offer for sale (OFS) of 20.37 crore equity shares by existing promoters, State Bank of India (SBI) and Amundi India Holding.

At the upper end of the price band, SBI Funds Management is expected to command a post-listing market capitalisation of...