Date: July 17, 2026
Board Meeting Outcomes
State Bank of India has been informed by its subsidiary SBI Funds Management Limited (SBIFM) that the Prospectus dated July 16, 2026 was filed with the Registrar of Companies, Mumbai - I at Mumbai in accordance with applicable law including Companies Act, 2013.
The IPO comprises an offer for sale of:
- 99,501,649 Equity Shares (amounting to 4.8851% of the paid-up equity share capital of SBIFM) by State Bank of India
- 71,454,982 Equity Shares (amounting to 3.5082% of the paid-up equity share capital of SBIFM) by Amundi India Holding
(subject to finalisation of Basis of Allotment)
The Offer Price has been decided at ₹574.00 per Equity Share. An employee discount of ₹54 per Equity Share was offered to Eligible Employees in accordance with the terms and conditions stipulated in the Red Herring Prospectus read with the Addendum.
The IPO was made through the book-building process in accordance with provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations).
Allotment is expected to take place on or about July 20, 2026.
Financial Results
Financial information of SBIFM for Fiscal 2026:
- Total income: ₹4,969.09 crores (0.70% of Total Income of SBI Group)
- Reserves and Surplus: ₹3,533.09 crores (0.59% of reserves and surplus of SBI Group)