As part of the offer, SBI will sell up to 12.83 crore equity shares, equivalent to a 6.3007% stake in SBI Funds Management, while Amundi India Holding will divest up to 7.54 crore equity shares, representing a 3.7006% stake.
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The IPO will be conducted through the book-building process and remains subject to regulatory approvals, market conditions and other considerations.For FY26, SBI Funds Management reported total income of ₹4,969.09 crore, accounting for 0.70% of SBI Group’s total income. Its reserves and surplus stood at ₹3,533.09 crore, representing 0.59% of the SBI Group’s reserves and surplus.
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The company said allotment is expected on or about July 18, 2026. The price band and offer price will be determined in accordance with the SEBI ICDR Regulations and other applicable laws.
SBI Funds Management oversaw assets worth $131.4 billion as of the end of March 2026, according to its prospectus. Its valuation would compare with market capitalisations of about $12.5 billion for HDFC Asset Management Company and about $17.2 billion for ICICI Prudential Asset Management Company.
Shares of State Bank of India ended at ₹1,018.05, up by ₹19.75, or 1.90%, on the BSE.
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First Published: Jul 8, 2026 10:38 PM IS
