VERIFIEDET Markets·21 Jul 2026neutral

SBI Funds pays razor-thin banker fees on top India IPO of 2026

AI Summary

·SBI Funds Management's IPO investment banks will split fees of ₹46.25 million.
·This fee is a fraction of the deal value and significantly lower than rival ICICI Prudential Asset Management's offering.
·Several Wall Street firms declined roles due to the low compensation.