Date: 21.07.2026
Listing Details
SBI Funds Management Limited ("SBI Funds") successfully listed its equity shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on July 21, 2026. The listing represents a historic milestone for the company, marking the beginning of a new chapter in its nearly four-decade journey.
IPO Response
The Initial Public Offering (IPO) received overwhelming response across investor categories and was subscribed 41.66 times. The strong subscription reflects investor confidence in SBI Funds' business model, governance standards, investment capabilities, and long-term growth prospects. Robust participation came from both domestic and international institutional investors, retail investors, shareholders, and employees.
Management Commentary
Shri Challa Sreenivasulu Setty, Chairman of State Bank of India and Chairman of SBI Funds Management Limited, stated that the listing marks a defining milestone reflecting the trust millions of investors have placed in the company over the years. He emphasized that as a listed company, SBI Funds enters a new phase of responsibility and accountability, committed to creating long-term value for shareholders while helping millions of Indians achieve their financial aspirations through disciplined investing. He noted that SBI Funds is well positioned to deepen investor participation and expand access to investment solutions, backed by the enduring partnership between State Bank of India and Amundi.
Ms. Valérie Baudson, Chief Executive Officer of Amundi, commented that the successful listing is a remarkable achievement and a powerful illustration of the strength and relevance of their long-standing partnership with SBI. She noted that SBI and Amundi have built the leading asset management platform in India, combining SBI's distribution strength with Amundi's global expertise. She expressed conviction that the IPO is a major milestone that will support the company's growth ambitions as it enters a new phase of expansion, with Amundi remaining fully committed as long-term shareholders.
Company Background
SBI Funds Management Limited is India's largest asset management company and one of the country's most trusted investment institutions. Established through the partnership of State Bank of India and Amundi, the company manages investments across a broad range of equity, debt, hybrid, and passive investment solutions, serving millions of investors across India.