SBI Funds Management, the asset management arm of the State Bank of India (SBI), has filed its Red Herring Prospectus (RHP) for an Initial Public Offering (IPO) scheduled to open on July 14, 2026. The IPO will be entirely an offer for sale, with no fresh capital being raised by the company. SBI intends to divest up to 128,334,397 equity shares, representing approximately 6.3% of SBI Funds Management's paid-up equity share capital, while Amundi India Holding will offer up to 75,374,842 shares, amounting to about 3.7% of the company's paid-up equity share capital (as of March 2026). The IPO provides an opportunity for investors to gain exposure to the country's growing mutual fund industry. The listing is also expected to unlock value for SBI, allowing it to monetize a portion of its stake in the subsidiary.
The IPO remains subject to regulatory approvals and prevailing market conditions. Investors are advised to review the RHP and consult with financial advisors before making investment decisions.