SBI Funds Management Files For Landmark IPO

SBI Funds Management, a joint venture between State Bank of India and France’s Amundi Asset Management, is set to become the third major SBI subsidiary to go public. The IPO will see SBI divest 128.3 million shares, while Amundi India Holding will offload 75.4 million shares.

IPO Structure And Stake Sale
The IPO is designed as a pure offer for sale, with no fresh issue component. SBI will reduce its stake by approximately 6.3%, while Amundi will divest around 3.7%. This move aligns with SBI’s broader strategy of unlocking value from its subsidiaries.

Market Impact And Investor Sentiment
The offering comes at a time when India’s capital markets are witnessing strong inflows and heightened investor interest in asset management firms. With assets under management exceeding ₹8 trillion, SBI Funds Management is well-positioned to attract global and domestic investors.

Key Highlights

• Total offer for sale: 203.7 million shares
• SBI to sell 128.3 million shares
• Amundi India Holding to sell 75.4 million shares
• Estimated IPO size: $1.4 billion (₹12,500 crore)
• Expected valuation: nearly $14 billion
• Listing likely before September 2026

Sources: Reuters, Financial Express, ET BFSI