SBI Mutual Funds is a joint venture between the State Bank of India and Amundi India Holdings. The promoter State Bank of India (SBI) will sell 128,334,397 equity shares, and Amundi India Holding will sell 75,374,842 equity shares in an IPO.
As of now, SBI holds 61.76% stake in the company, while Amundi India holds 36.26% stake.
SBI Mutual Fund holds 15.4% of the market share, managing assets worth ₹16.32 lakh crore, indicating a strong market position.
SBI Mutual Fund AMC will become the 7th AMC company to list on the stock market after Nippon Life India Asset Management, HDFC AMC, ICICI Prudential AMC, Aditya Birla Sun Life AMC, Canara Robeco AMC, and UTI Asset Management Company.
If the IPO launches, this will be the 3rd subsidiary of State Bank of India to launch its issue.
Financially, the company has generated a revenue of ₹3,597.8 crore in FY25 from operations, reflecting a 33.7% rise compared to ₹2,690.6 crore in FY24.
At the same time, in FY25, the profit stood at ₹2,540.2 crore, compared to ₹2,072.8 crore in the previous year.
The appointed Merchant Bankers to the issue are Kotak Mahindra Capital, Axis Capital, Jefferies, SBI Capital, ICICI Securities, Motilal Oswal, HSBC Securities, JM Financial, and BofA Securities.
