SBI Funds Management IPO opens for subscription today

SBI Funds Management IPO opens on July 14 with a price band of Rs 574 to Rs 665 per share.

The IPO aims to raise Rs 9,812 crore through a fresh issue and OFS.

Grey market premium is Rs 91 per share, indicating a 15.85% listing gain.

Anchor investors have already subscribed to 1.39 crore shares at Rs 665 each.

HDFC Mutual Fund and SBI General Insurance are among the anchor investors.