SBI IPO: SBI Funds Management is set to launch an IPO, making it the latest investment company from SBI to do so. The asset management giant has secured SEBI’s approval for its IPO, scheduled for June 2026, with the RHP expected to be filed in early July. The price band for the IPO may also be disclosed at that time. As of the latest closing on Friday, SBI shares were valued at Rs 1035.05.
Key points about the IPO:
– SBI Fund Management submitted its IPO to SEBI on March 19th.
– The IPO will involve the sale of shares worth Rs 20.37 crore.
– It will be an offer-for-sale (OFS) with existing investors reducing their stake by 10%.
– No new shares will be issued through the IPO.
Presently, State Bank of India holds a 61.76% stake in SBI Funds Management, while Amundi India Holding owns 36.26% of the company. Established in 1992, Societe Generale Asset Management SA acquired a 37% stake in 2004, which was later acquired by Amundi India Holding through its subsidiary in 2011.
Regarding the financial status
In the first nine months of the previous fiscal year, SBI Funds Management recorded a profit of Rs 2432.90 crore, marking a 25.90% annual increase from Rs 1933 crore in the same period the year before. The revenue for the first nine months was Rs 3250.60 crore, showing a 23% increase from Rs 2641.90 crore in the previous year.
Once listed, SBI Funds Management Limited (SBIFML) will be among the notable asset management companies such as ICICI Prudential AMC, HDFC AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC, and Nippon Life India Asset Management.
Know how much is the share of SBI and Amundi
For your information, SBI Funds Management is a highly successful joint venture between the country’s state-owned bank, SBI, and Amundi, a major French investment company. Currently, State Bank of India holds a majority stake of 61.9 percent in this fund house, while its foreign partner, Amundi India Holdings, holds 36.4 percent. Both companies have excellent track records, which is why this IPO is expected to generate tremendous enthusiasm from retail investors to large institutional investors.
Even before the IPO, SBI Funds Management shares are experiencing a huge buzz in the gray market, or unlisted market. Recently, its unlisted shares were trading at around ₹815 per share. At this price, the total valuation of the country’s largest fund house is estimated at approximately ₹1.65 lakh crore.