The nine investment banks that manage SBI Funds Management Ltd. ‘s initial public offering, India‘s first billion-dollar debut this year, will receive one of the worst payouts on a large debut in the country.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-20/sbi-funds-pays-razor-thin-banker-fees-on-top-india-ipo-of-2026)