SBI Funds Management IPO eyes 15% listing gain; subscription opens Tuesday

India's largest asset management company steps into the public arena this week, not to raise capital for itself, but to allow its founding shareholders — State Bank of India and Amundi India Holding — to partially release their grip on a business that has quietly grown into a ₹12.51 lakh crore mutual fund empire. The grey market's measured 15% premium speaks less of speculative fever and more of a market that has read the fundamentals and found them sound. In a country where household savings are migrating steadily from physical gold and fixed deposits into financial instruments, this listing