State Bank of India Announces Prospectus Filing for SBI Funds Management Limited IPO
State Bank of India has received confirmation from its subsidiary, SBI Funds Management Limited (SBIFM), regarding the filing of the Prospectus dated July 16, 2026. This filing was submitted with the Registrar of Companies, Mumbai - I, in connection with the initial public offering (IPO) of SBIFM.The IPO follows a series of previous updates, including the filing of the Red Herring Prospectus on July 8, 2026, an addendum filed on July 10, 2026, and the finalization of the offer price in mid-July 2026.
Offer Structure and Share Allocation
The IPO was conducted through a book-building process and involves an offer for sale (OFS) of equity shares. The share allocation is distributed between State Bank of India and Amundi India Holding.| Shareholder | Number of Equity Shares | Percentage of Paid-up Equity Capital |
|---|---|---|
| State Bank of India | 99,501,649 | 4.8851% |
| Amundi India Holding | 71,454,982 | 3.5082% |
The Offer Price for the issue has been established at Rs.574.00 per Equity Share. Additionally, an employee discount of Rs.54/- per Equity Share was offered to eligible employees under specific terms and conditions.
Financial Contribution and Timeline
SBIFM contributed significantly to the SBI Group's financial standing during the Fiscal 2026 period. The data regarding its contribution is as follows:| Metric | Amount/Percentage (Fiscal 2026) |
|---|---|
| Total Income | Rs. 4,969.09 crores (0.70% of SBI Group Total Income) |
| Reserves and Surplus | Rs. 3,533.09 crores (0.59% of SBI Group Reserves and Surplus) |
The allotment of shares is expected to occur on or about July 20, 2026.
SBIN Stock Price Movement
Shares of State Bank of India are climbing to ₹1039.4 as of 10:30 AM today, gaining 0.80% in live trading. The stock is seeing active participation with a volume of 2.47 million shares.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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