SBI Subsidiary Files Red Herring Prospectus for IPO of SBIFM Equity Shares
SBI Funds Management Limited (SBIFM), a subsidiary of State Bank of India, has announced details regarding the proposed Initial Public Offering (IPO) of its equity shares. The IPO involves an offer for sale of up to 203,709,239 equity shares, representing up to 10.0013% of SBIFM's paid-up equity share capital.The offering includes shares from both State Bank of India and Amundi India Holding. State Bank of India is offering up to 128,334,397 Equity Shares (amounting to 6.3007% of SBIFM’s paid-up equity share capital). Amundi India Holding will offer up to 75,374,842 Equity Shares, representing 3.7006% of the paid-up equity share capital.
The IPO is scheduled through a book building process and remains subject to regulatory approvals, market conditions, and other considerations. The company has provided key dates for the investment process.
Key details regarding the SBI Funds Management Limited (SBIFM) IPO:
| Event | Date/Period | Details |
|---|---|---|
| Anchor Investor Bid | Monday, July 13, 2026 | One Working Day prior to the Bid/Offer Opening Date. |
| QIB Bid Period Closure | Wednesday, July 15, 2026 | One Working Day prior to the Bid/Offer Closing Date. |
| Public Subscription Open | Tuesday, July 14, 2026 | Start of public subscription period. |
| Public Subscription Close | Thursday, July 16, 2026 | End of public subscription period. |
| Expected Allotment | On or about July 18, 2026 | Target date for allotment. |
Financial Overview of SBIFM
In terms of financial standing, SBIFM reported a Total Income of Rs. 4,969.09 crores for Fiscal 2026. This figure represents 0.70% of the total income of the SBI Group. Furthermore, SBIFM recorded Reserves and Surplus amounting to Rs. 3,533.09 crores, which is 0.59% of the reserves and surplus of the SBI Group.The IPO was conducted through a book-building process, with the Price Band and Offer Price determined in accordance with SEBI ICDR Regulations and other applicable law.
SBIN Stock Price Movement
State Bank of India shares today slipped by 1.76% to close at ₹1016.9, finishing with a trading volume of 14.14 million shares. The stock moved down following the close, settling at ₹1013.85 in post-market trading after an intraday low of ₹1011.7.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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