IPO Calendar next week: SBI MF among 3 new issues to raise Rs 11,980 cr; GMPs soar up to 111%

Three IPOs are set to open between July 14 and July 16, aiming to collectively raise around Rs 11,980 crore. The headline issue is SBI Funds Management, India's largest AMC with about Rs 16.32 lakh crore in AUM and a 15.5% market share, offering 20.37 crore shares purely through an offer for sale at a price band of Rs 545-574, with a grey market premium of around 20%. Smaller issues include Alpine Texworld (Rs 126.25 crore fresh issue in textiles) and SME-listed Millworks Technologies (Rs 160.34 crore, GMP above 100%).