SBI Funds Anchor Book Draws 20-Fold Demand as BlackRock, Capital Group Buy In
Updated
Updated · Bloomberg · Jul 13
SBI Funds Anchor Book Draws 20-Fold Demand as BlackRock, Capital Group Buy In
2 articles · Updated · Bloomberg · Jul 13
Summary
More than 20 times demand hit SBI Funds Management’s anchor book ahead of its IPO, with Capital Group, BlackRock, Fidelity Investments and Goldman Sachs Asset Management among participants.
Sovereign investors also piled in, with Abu Dhabi Investment Authority, Singapore’s GIC and Norway’s Norges Bank Investment Management submitting bids in the anchor tranche, according to people familiar with the matter.
India’s large mutual funds and insurance companies added to the strong order book, underscoring broad institutional appetite for the offering before the public share sale.