Business: SBI Funds Management is preparing to launch IPO. Through this, Amundi India will sell 6 percent and 3.7 percent. SBI Mutual Fund sponsor SBI Funds Management will be the fourth company of the group to be listed. SBI Cards, SBI Life and SBI are already listed on the stock exchange.

SBI said, Amundi India Holding, the other promoter of SBI Funds Management, will disinvest 1.88 crore equity shares. SBI’s stake in the mutual fund is 61.91 percent and Amundi’s is 36.36 percent. The IPO is likely to be completed in 2026. It is the largest fund house in the country with assets under management of Rs 11.99 lakh crore.

Physicswala price Rs 103-109
Noida-based edtech unicorn Physicswala has fixed the price at Rs 103-109 for its Rs 3,480 crore IPO. The capital after listing will be Rs 31,500 crore. The issue will open on 11th and close on 13th November. Promoters Alakh Pandey and Prateek Boob hold 40.31 percent stake in the company. Rs 460 crore of the amount received from the issue will be spent on setting up new offline and hybrid centres. Rs 548 crore will be for lease payments of existing centres.

Rs 200 crore will be spent on server and cloud infrastructure and Rs 710 crore will be spent on marketing. Tenneco Clean Air India will raise Rs 3,600 crore. The issue will open on November 12. The issue is completely an offer for sale, so the company will not get any money from the IPO.