Mega IPO Incoming! SBI Funds Eyeing $1.2 Billion Debut - Will India's Next Market Giant Be Born?

Mutual Funds

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Updated on 13 Nov 2025, 10:37 am

SBI Funds Management Ltd., a joint venture between State Bank of India Ltd. and Amundi SA, is making preparations for a substantial Initial Public Offering (IPO). Sources suggest the company aims to raise as much as $1.2 billion and is eyeing a valuation of $12 billion. The IPO is anticipated to take place in Mumbai during the first half of 2026. In the lead-up, SBI Funds Management plans to approach investment banks to solicit proposals for managing the offering. State Bank of India Ltd. and Amundi SA intend to sell a combined stake of 10% through this IPO. This development occurs amidst a robust IPO market in India.

Impact: This upcoming IPO is significant for the Indian stock market as it brings a major asset management firm to the public. It can attract substantial investment, boost investor confidence in the financial sector, and potentially set new valuation benchmarks for similar companies. Public access to a leading asset manager can diversify investment opportunities for retail and institutional investors. Rating: 8/10

Terms: * Initial Public Offering (IPO): The first time a company sells its shares to the public. * Asset Manager: A professional firm that manages investments on behalf of clients. * Valuation: The estimated worth of a company. * Stake: A portion of ownership in a company. * Mandates: Official instructions or authority given to an entity, in this case, investment banks.