Deals17 Jul 2026, 10:31 am
SBI Funds Management IPO Prospectus Filed
AI Summary
State Bank of India (SBI) has announced the filing of the Prospectus for its subsidiary, SBI Funds Management Limited (SBIFM), with the Registrar of Companies, Mumbai. This follows previous filings of the Red Herring Prospectus and an addendum, and the finalization of the Offer Price. The IPO involves an offer for sale of approximately 4.89% of SBIFM's equity by SBI and 3.51% by Amundi India Holding. The offer price is set at ₹574.00 per equity share, with an employee discount of ₹54. The allotment is expected by July 20, 2026. SBIFM's financial contribution to the SBI Group for Fiscal 2026 was 0.70% of total income and 0.59% of reserves and surplus.
Key Highlights
- SBI's subsidiary, SBIFM, has filed its IPO prospectus.
- SBI is selling 4.89% stake, Amundi India Holding 3.51%.
- Offer price fixed at ₹574 per share; employee discount of ₹54.
- Allotment expected around July 20, 2026.
- SBIFM contributed 0.70% to SBI Group's FY26 income.
Price Impact
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