With a projected GDP of USD 7.3 trillion by 2030, the country surpassed Japan to become the fourth-largest economy in the world. As one of the fastest-growing major economies, the rate of growth is characterised by a rapidly rising investment landscape.
Other than the equity markets, mutual funds also serve as a favourite destination for rising retail investors. Amidst these trends, a key fund house, called SBI Mutual Fund, is gearing up for an IPO.
However, before we decode the SBI MF IPO, let’s take a brief look at the mutual fund industry and the fund house.
Note: 50% IPO shares will be unlocked 30 days after allotment, while the rest will be free from lock-in restrictions after 90 days.
The table below gives key insights into the growth of the mutual fund industry over the years.
The initial IPO plan was to be worth USD 1 billion. However, the earlier IPO plan got shelved in 2020, amidst the Russia-Ukraine conflict.
The SBI MF IPO DRHP has not been filed yet, so we don’t know the SBI MF IPO date. However, some reports claim that the SBI MF IPO can be worth ₹20,000 crore.
However, till the SBI MF IPO DRHP gets filed, we cannot know the details for sure. In the meantime, check out this list of top demat account brokers, and get a demat account at the best terms!
There is not much information available currently regarding the SBI MF IPO or the SBI MF IPO GMP. Interested investors must wait for the DRHP to be filed and grey market operations to begin. However, skip the hassle, and click here to get the latest GMP update and the live subscription status.
But remember, the SBI MF IPO is a huge entry. Reserve your spot here by taking the first step of IPO investment and get a demat account with top providers in India.
What is the SBI MF IPO Price?
The SBI MF IPO price is unknown as of now. Check the live subscription status to stay updated with the latest SBI MF IPO news.
What is the SBI MF IPO Date?
The SBI MF IPO date is not out yet. But it is expected soon. Click here to stay updated with the latest news.
Is SBI MF getting an IPO?
Yes, market reports claim that SBI MF is gearing up for an IPO. However, the fund house has not filed its DRHP yet. Claims suggest that the IPO might be worth ₹20,000 crore. Click here for the latest update.
Has the SBI MF IPO DRHP been filed?
No, SBI MF has not filed its DRHP yet. Several details can’t be known till the DRHP is up. Click here for the latest news.
Do I need a demat account to apply to the SBI MF IPO?