State Bank of India Announces Offer Price and Details for SBI Funds Management Limited IPO
State Bank of India has announced that the offer price for the Initial Public Offering (IPO) of its subsidiary, SBI Funds Management Limited (SBIFM), has been determined at Rs. 574.00 per Equity Share.The offering includes an employee discount of Rs. 54.00 per Equity Share, which is available to Eligible Employees under the terms and conditions specified in the Red Herring Prospectus (RHP) and its subsequent addendum.
Transaction Overview
The IPO involves a book-building process for the issuance of equity shares. State Bank of India is proposing to sell 99,501,649 Equity Shares, representing 4.8851% of the paid-up equity share capital of SBIFM. Additionally, Amundi India Holding will offer 71,454,982 Equity Shares, accounting for 3.5082% of the paid-up equity share capital of SBIFM.The allotment of shares is expected to be completed on or about July 20, 2026.
Financial Contribution and Scale
The financial contribution of SBIFM to the SBI Group during the Fiscal 2026 period is detailed in the table below:| Metric | Financial Figure (Fiscal 2026) | Percentage of SBI Group |
|---|---|---|
| Total Income | Rs. 4,969.09 crores | 0.70% |
| Reserves and Surplus | Rs. 3,533.09 crores | 0.59% |
Offering Details
The transaction is structured as an offer for sale of equity shares rather than a slump sale or disposal of the entire undertaking. The following table summarizes the key structural details of the offering:| Category | Detail |
|---|---|
| Offer Price | Rs. 574.00 per Equity Share |
| Employee Discount | Rs. 54.00 per Equity Share |
| SBI Share Participation | 99,501,649 Equity Shares (4.8851% of paid-up equity) |
| Amundi India Holding Participation | 71,454,982 Equity Shares (3.5082% of paid-up equity) |
| Expected Allotment Date | July 20, 2026 |
SBIN Stock Price Movement
State Bank of India shares edged higher on Thursday to settle at ₹1,031.20, gaining 0.07% during the session. The stock moved with a volume of 7.71 million shares as it navigated a trading range between a low of ₹1,027.30 and a high of ₹1,036.00.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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