SBI Mutual Fund IPO Likely to Open on July 14, Issue Size Reportedly Around ₹13,500 Crore

SBI Funds Management Limited, the investment manager of SBI Mutual Fund, is reportedly preparing to launch its initial public offering (IPO) in July 2026. According to media reports, the IPO is likely to open for subscription on July 14, 2026, with the issue size estimated at around ₹13,500 crore.

If launched, the IPO could become one of the largest public offerings by an asset management company (AMC) in India. The company is expected to announce key details of the issue on July 9, 2026, including the IPO timeline and other related information. Until the official announcement, details such as the issue size and opening date remain subject to confirmation.

SBI Funds Management IPO - Issue Details

• Issue Type: Book Built Issue
• Issue Size: Up to 20.37 crore equity shares
• Fresh Issue: Not Applicable
• Offer for Sale (OFS): Up to 20.37 crore equity shares
• Face Value: ₹1 per equity share
• Price Band: Yet to be announced
• Lot Size: Yet to be announced
• Listing: NSE, BSE
• 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

SBI and Amundi to Divest Stake Through OFS

The proposed IPO comprises an Offer for Sale (OFS) of up to 20.37 crore equity shares by the existing shareholders of SBI Funds Management. Under the offer, State Bank of India (SBI) will sell up to 12.83 crore equity shares, while Amundi India Holding will divest up to 7.53 crore equity shares. Since the issue does not include a fresh issue component, SBI Funds Management will not receive any proceeds from the IPO. Instead, the proceeds from the share sale will go entirely to the existing shareholders participating in the OFS.

About SBI Funds Management Limited

Founded in 1987, SBI Funds Management Limited is the investment manager of SBI Mutual Fund and one of India's largest asset management companies. The company ranks first in India based on quarterly average assets under management (QAAUM), managing assets worth ₹12,49,970 crore.

SBI Funds Management operates as a joint venture between State Bank of India (SBI) and Amundi Asset Management. The company provides a broad range of investment products, including equity mutual funds, debt funds, hybrid funds, exchange-traded funds (ETFs), and passive investment solutions. These products are designed to meet the investment needs of individual investors, high-net-worth individuals (HNIs), and institutional clients.

As of December 31, 2025, the company accounted for 15.4% of the mutual fund industry's assets under management (AUM), making it one of the leading fund houses in the country.

Key Financial Highlights 

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