According to the sources, SBI Mutual Fund, which is a joint venture between State Bank of India (SBI) and Amundi Asset Management (France), is planning to file DRHP with SEBI with an aim to raise around ₹12,500 crore via its Initial Public Offerings (IPO). The company may file the DRHP by mid-February, with expected listing by April 2026.
As per the sources, Axis Bank, Bank of America (BofA), Citi, HSBC, ICICI Securities, SBI Capital Markets, JM Financial, Kotak Mahindra Capital, and Motilal Oswal are the appointed Merchant Bankers for the company.
Market buzz indicates the IPO is likely to include a shareholder quota for the existing shareholders of the SBI. Under this special quota, the company rewards an eligible SBI shareholder by giving them a chance to apply for an IPO. However, an official announcement from the SBI or SEBI has not been made yet.
With the launch of this IPO, investors will receive a chance to buy the shares of one of the established and largest asset management companies, SBI Funds Management Ltd.
With its incorporation in 1987, the SBI mutual fund is India’s oldest and largest mutual fund with an experience of 38 years in fund management. It is backed by India’s largest bank, State Bank of India, giving investors trust and long-term reliability in an IPO.
HDFC AMC, Nippon Life AMC, and UTI AMC are the listed peer competitors of the company. Due to the growing interest of investors in Mutual funds, we can expect the company’s AUM, revenue, and profitability to grow over the long term. Overall, the launch of this IPO will bring a great opportunity to be a part of India’s long term investment growth.
