SBI Funds Management IPO: SBI likely to earn ₹7,365 crore from share sale; Should you buy the PSU stock?

SBI Funds Management IPO price band is fixed at ₹545 - ₹574 per share. The company aims to raise ₹11,692.91 crore through a book-built issue that is entirely an offer for sale (OFS) of 20.37 crore equity shares by existing promoters, State Bank of India (SBI) and Amundi India Holding.