New Delhi, July 16 -- SBI Funds Management's R9,795-crore IPO opened for subscription on 14 July and closes on 16 July. The SBI Funds Management IPO has fixed a price band of Rs.545-574 per equity share, with investors required to bid in multiples of 26 shares.

Ahead of the public issue, the SBI Funds Management IPO raised Rs.2,663 crore from anchor investors, attracting strong participation from a diverse mix of leading global and domestic institutional investors.

According to a stock exchange filing, 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.

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