Archive · 28 Jan 2026
SBI Mutual Fund Aims for $1.2-1.4 Billion IPO by April
SBI Funds Management, a big company that manages investments, is planning to go public.
This means they will sell shares to the public for the first time, raising between $1.2 and $1.4 billion.
The company is valued at $12-14 billion.
SBI, India's largest bank, and Amundi, a French asset manager, own most of the company.
They plan to file the necessary papers by mid-February and list the shares by April.
The money from the IPO will come from selling parts of their own shares.
The company manages a lot of money, about ₹12.5 trillion, and made a profit of ₹2,531 crore last year.
The exact timing depends on market conditions and approvals.
SBI Funds Management plans to file IPO papers by mid-February, list by April 2026.
IPO size estimated at $1.2-1.4 billion, valuing the company at $12-14 billion.
SBI and Amundi will sell 6.3% and 3.7% stakes respectively, totaling 10%.
Company manages ₹12.5 trillion in assets and reported a net profit of ₹2,531 crore in FY25.
Multiple investment banks are involved in managing the IPO, with some opting out over fee disputes.
- Who
- SBI Funds Management, a joint venture between SBI and Amundi
- What
- Planning an IPO valued at $1.2-1.4 billion
- When
- Expected to file draft papers by mid-February, list by April 2026
- Where
- India
- Why
- To meet regulatory requirements and unlock value
- Company
- SBI Funds Management
- IPO Size
- $1.2-1.4 billion
- Valuation
- $12-14 billion
- Stake Sales
- 10% (SBI: 6.3%, Amundi: 3.7%)
- Assets Under Management
- ₹12.5 trillion (as of 31 December)
- Net Profit FY25
- ₹2,531 crore
- Net Profit FY24
- ₹2,062 crore
- Expected Listing
- April 2026