SBI Funds Management raised ₹1,655 crore from institutional and individual investors. The firm sold a 1.42% stake through this pre-IPO placement. Shares were priced at ₹574 each.
The upcoming initial public offering is expected to be India’s largest in 2026. PI Opportunities Fund-II and Akash Manek Bhanshali each invested approximately ₹200 crore. Other participants included 3P India Equity Fund I, Bennett Coleman & Co, and Malabar India Fund. This strong anchor interest signals high demand for the public listing.