SBI Funds Management IPO Price Set at ₹574

State Bank of India (SBI) has announced the offer price for the Initial Public Offering (IPO) of its subsidiary, SBI Funds Management Limited (SBIFM). The offer price has been fixed at ₹574.00 per equity share. Eligible employees will receive a discount of ₹54.00 per equity share. SBI is divesting 99,501,649 equity shares, representing 4.8851% of SBIFM's paid-up capital, while Amundi India Holding is selling 71,454,982 equity shares (3.5082%). The IPO is being conducted through the book-building process. Financials for SBIFM in Fiscal 2026 show total income of ₹4,969.09 crores (0.70% of SBI Group's total income) and reserves and surplus of ₹3,533.09 crores (0.59% of SBI Group's reserves). Allotment is expected around July 20, 2026.