New Delhi, July 14 -- SBI Funds Management's Rs.9,795-crore IPO opened for subscription on 14 July and will close on 16 July. The company has fixed the price band at Rs.545-574 per equity share, with investors required to bid in multiples of 26 shares.

Ahead of the public issue, SBI Funds Management raised Rs.2,663 crore from anchor investors, drawing strong participation from both global and domestic institutional investors.

The company allotted 4,63,93,095 equity shares to 129 anchor investors at Rs.574 per share, the upper end of the price band, according to a stock exchange filing issued on Monday.

The anchor book included marquee global investors such as GIC, Abu Dhabi Investment Authority (ADIA), Capital World Investors, BlackRoc...