SBI Mutual Fund eyes IPO launch by July first week; Sebi approval likely today: Sources

SBI Mutual Fund is targeting an early July IPO launch, subject to Sebi approval expected imminently, with the price band likely announced on July 2-3. The entire issue is an offer for sale of up to 20.37 crore equity shares by existing shareholders State Bank of India and Amundi, with market estimates pegging the IPO size at around Rs 13,000 crore. The listing will mark the first IPO by India's largest asset manager by assets under management.