Key Quantitative Figures
- IPO comprises offer for sale of up to 203,709,239 equity shares of face value ₹1 each
- Represents up to 10.0013% of SBIFM's paid-up equity share capital
- State Bank of India selling up to 128,334,397 Equity Shares (6.3007% of paid-up capital)
- Amundi India Holding selling up to 75,374,842 Equity Shares (3.7006% of paid-up capital)
- SBIFM financials for Fiscal 2026: Total income ₹4,969.09 crores (0.70% of SBI Group Total Income), Reserves and Surplus ₹3,533.09 crores (0.59% of SBI Group reserves)
Dates of Action
- Red herring prospectus filed with Registrar of Companies, Mumbai on July 8, 2026
- Anchor Investors Bid: Monday, July 13, 2026 (one working day prior to bid opening)
- Bid/Offer Period for QIBs closes: Wednesday, July 15, 2026 (one working day prior to bid closing)
- IPO public subscription opens: Tuesday, July 14, 2026
- IPO public subscription closes: Thursday, July 16, 2026
- Expected allotment date: on or about July 18, 2026
Parties Involved
- SBI Funds Management Limited (issuer subsidiary)
- State Bank of India (selling shareholder)
- Amundi India Holding (selling shareholder)
- Registrar of Companies, Mumbai - I
- The Listing Department, BSE Limited
- The Listing Department, National Stock Exchange of India Limited
Purpose and Status
The IPO is an offer for sale of equity shares for cash through the book-building process. The offering remains subject to receipt of regulatory approvals, market conditions and other considerations. The Price Band and Offer Price shall be decided in accordance with provisions of the SEBI ICDR Regulations and other applicable law.
Additional Information
The disclosure includes a standard disclaimer that this announcement does not constitute an invitation or offer of securities for sale in any jurisdiction, including the United States, and that the securities have not been and will not be registered under the United States Securities Act of 1933.