05 Jan 2026 | 5 Mins Read
SBI Funds Management raises $1.4 billion with Citi and HSBC's help
Flipitmoney
SBI Funds Management Ltd. has hired nine banks, including Kotak Mahindra Capital and Axis Bank, to advise on a proposed $1.4 billion IPO in 2026. The company may be valued at $14 billion, and the IPO follows ICICI Prudential Asset Management's $1.2 billion debut. India's IPO market was busiest in 2025, raising $22.36 billion, surpassing the previous year's record.