SBI Funds Management Limited, the asset management company of SBI Mutual Fund, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), initiating the process for its proposed initial public offering (IPO).

As per the DRHP filed on March 19, 2026, SBI Funds Management IPO will be a book-building issue comprising entirely an offer for sale (OFS) of up to 20.37 crore equity shares by existing shareholders. There will be no fresh issue component, and the company will not receive any proceeds from the offer. The OFS includes sale of shares by promoter State Bank of India (SBI) and joint venture partner Amundi India Holding.

SBI Funds Management Limited is India’s largest asset management company, with assets under management (AUM) exceeding ?12 trillion. The company manages a wide range of mutual fund schemes across equity, debt, and hybrid categories, serving millions of investors across India.

SBI Funds Management IPO - Issue Details

Issue Type: 100% Offer for Sale (OFS).
Fresh Issue: Nil.
Offer for Sale: Up to 20.37 crore equity shares by existing shareholders (SBI and Amundi India Holding).
Face Value: ?1 per equity share
Proposed Listing: The equity shares are proposed to be listed on the super娛樂城 (NSE) and BSE. The price band and bid lot will be decided in consultation with the book-running lead managers.
Book Running Lead Managers: Kotak Mahindra Capital Company Limited, Axis Capital Limited, BofA Securities India Limited, HSBC Securities and Capital Markets (India) Private Limited, ICICI Securities Limited, Jefferies India Private Limited, JM Financial Limited, Motilal Oswal Investment Advisors Limited, and SBI Capital Markets Limited.
Registrar: KFin Technologies Limited.

Explore other Upcoming IPOs on BSE and NSE.

Utilisation of Offer Proceeds

As the SBI Funds Management IPO is entirely an offer for sale, SBI Funds Management will not receive any proceeds from the issue. All proceeds will go to the selling shareholders.

Check out newly Listed IPOs on BSE and NSE.

About SBI Funds Management Limited

SBI Funds Management Limited is a joint venture between State Bank of India and Amundi, one of Europe’s largest asset managers. Incorporated in 1992, the company acts as the investment manager to SBI Mutual Fund, offering a diversified suite of mutual fund products across asset classes including equity, debt, and hybrid funds.

The company has a strong distribution network spanning banks, independent financial advisors, and digital platforms, catering to a large and growing investor base across India.

Financially, SBI Funds Management is the largest AMC in India by AUM, managing over ?12 trillion in assets. The company has consistently reported strong profitability, supported by its scale, diversified product mix, and robust inflows across categories.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.

Do you like this edition?