SBI Funds Management IPO Priced at ₹574/Share

Date: July 16, 2026

Disinvestment / Strategic Actions

State Bank of India (SBI) is proceeding with the initial public offering (IPO) of its subsidiary SBI Funds Management Limited (SBIFM). The final offer price has been set at ₹574.00 per equity share.

SBI is selling 99,501,649 equity shares, representing 4.8851% of the paid-up equity share capital of SBIFM, through an offer for sale. Amundi India Holding is simultaneously selling 71,454,982 equity shares, representing 3.5082% of SBIFM's paid-up equity share capital (subject to finalization of basis of allotment).

An employee discount of ₹54.00 per equity share was offered to eligible employees in accordance with the terms and conditions stipulated in the red herring prospectus (RHP) and addendum.

The equity share allotment is expected to be completed on or about July 20, 2026.

Financial Impact Assessment

For fiscal 2026, SBIFM contributed:

• Total income: ₹4,969.09 crores (0.70% of SBI Group's total income)
• Reserves and surplus: ₹3,533.09 crores (0.59% of SBI Group's reserves and surplus)

The transaction does not constitute a related party transaction and does not fall within the scope of related party transactions.