The IPO includes an offer for sale (OFS) of up to 20.37 crore equity shares, representing approximately 10.0013% of the paid-up equity share capital of SBI Funds Management.
In this offer, SBI intends to sell up to 12.83 crore equity shares, amounting to a 6.3007% stake in SBI Funds Management, while Amundi India Holding plans to sell up to 7.54 crore equity shares, which represents a 3.7006% stake.
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Anchor investors will start bidding on July 13. The IPO will open for public subscription on July 14 and close on July 16, with the portion for qualified institutional buyers (QIB) closing on July 15.
The IPO will utilize the book-building process and will be subject to regulatory approvals, market conditions, and other factors.
For FY26, SBI Funds Management reported a total income of ₹4,969.09 crore, which is 0.70% of the total income of SBI Group. Its reserves and surplus amounted to ₹3,533.09 crore, accounting for 0.59% of SBI Group’s reserves and surplus.
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The company anticipates allotment around July 18, 2026. The price band and offer price will be set in accordance with SEBI ICDR Regulations and other relevant laws.
As of the end of March 2026, SBI Funds Management managed assets totaling $131.4 billion, as noted in its prospectus. This valuation is comparable to the market capitalizations of approximately $12.5 billion for HDFC Asset Management Company and about $17.2 billion for ICICI Prudential Asset Management Company.
Shares of State Bank of India closed at ₹1,018.05, gaining ₹19.75, or 1.90%, on the BSE.
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(Edited by : Jomy Jos Pullokaran)
First Published: Jul 8, 2026 10:38 PM IST
