Sebi Approves SBI Mutual Fund IPO, Launch Likely By July First Week

SBI Mutual Fund Set to Launch IPO Following Sebi Green Light

SBI Mutual Fund is gearing up for an initial public offering (IPO) anticipated to roll out in the first week of July, now that it has secured approval from the Securities and Exchange Board of India (Sebi). This offering, which is entirely an offer for sale by State Bank of India (SBI) and Amundi, is projected to reach a valuation of approximately Rs 13,000 crore, positioning it as one of the largest asset management listings in the nation.