एसबीआई फंड्स मैनेजमेंट बड़े आईपीओ की तैयारी में, मूल्यांकन $12 बिलियन पर।

IPO

Published on 20th November 2025, 10:17 AM

Author

Abhay Singh | Whalesbook News Team

Overview

भारतीय स्टेट बैंक (SBI) और फ्रेंच एसेट मैनेजर Amundi, एसबीआई फंड्स मैनेजमेंट के इनिशियल पब्लिक ऑफरिंग (IPO) की तैयारी कर रहे हैं, जो भारत का सबसे बड़ा एसेट मैनेजर है। सूत्रों के अनुसार, IPO का मूल्यांकन लगभग $12 बिलियन है। कंपनियाँ इन्वेस्टमेंट बैंकर नियुक्त कर रही हैं और जनवरी से मार्च 2026 के बीच SEBI में ड्राफ्ट दस्तावेज़ दाखिल करने की योजना बना रही हैं। SBI 6.3% हिस्सेदारी बेचना चाहता है, जबकि Amundi 3.7% बेचेगी।

State Bank of India

₹ 973-0.91%

21 Nov – close price

🔗sbi.co.in•BSE: 500112•NSE: SBIN

Market Cap₹ 8,97,633 Cr.

Current Price₹ 973

High / Low₹ 989

Stock P/E12.6

Book Value₹ 561

Dividend Yield1.63 %

ROCE6.37 %

ROE17.3 %

Face Value₹ 1.00

Sales₹ 4,74,743 Cr.

OPM70.3 %

Mar Cap₹ 8,97,633 Cr.

ABOUT

State Bank of India is a Fortune 500 company. It is an Indian Multinational, Public Sector banking and financial services statutory body headquartered in Mumbai. It is the largest and oldest bank in India with over 200 years of history.[1]

KEY POINTS

Market ShareAs of FY24, the bank has a deposit market share of about 22.55% and a net advance share of 19.06% in India.[1]

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	SBI	972.60	12.58	897632.69	1.63	20159.67	-9.09	119653.93	5.08	6.37	474742.62	70.30	71360.41	16665.94	1.73	1.10	11.95
2.	Bank of Baroda	284.15	7.64	146944.25	2.94	5180.63	-4.14	33318.24	4.44	6.29	131574.32	63.64	19236.14	5133.56	0.92	1.18	10.53
3.	Punjab Natl.Bank	122.37	8.26	140650.51	2.37	5120.59	8.72	32512.76	6.78	6.32	129502.98	73.64	17035.45	5125.28	0.99	1.07	12.22
4.	Canara Bank	145.77	6.91	132303.37	2.74	4896.43	15.81	32071.97	6.26	6.79	125841.25	60.85	19140.98	4850.03	1.15	1.08	14.05
5.	Union Bank (I)	150.89	6.23	115251.18	3.15	4425.95	-6.84	26664.81	-0.82	6.72	109143.51	67.32	18488.14	4425.95	0.91	1.24	10.38
6.	Indian Bank	851.80	9.73	114630.46	1.91	3108.63	11.01	16628.28	8.19	6.38	64543.17	68.72	11785.54	3107.97	1.49	1.35	10.65
7.	I O B	38.89	17.55	74813.00	0.00	1226.42	57.81	7848.79	14.57	5.95	29979.65	61.94	4262.19	1226.42	2.15	0.89	11.07
–	Median: 12 Co.	133.92	7.95	94721.73	2.14	2842.11	9.87	17574.88	6.68	6.23	69163.76	64.72	10902.75	2842.33	1.17	1.08	10.97

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	25,976	30,078	33,049	28,173	30,989	31,626	31,887	29,288	32,102	29,847	42,140	32,633	36,399
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	8,874	11,468	13,961	12,063	10,791	4,359	17,369	11,162	15,271	11,041	24,210	17,346	19,919
Profit before tax	18,081	19,459	21,305	22,796	19,301	12,548	27,138	22,999	24,788	22,640	24,844	25,785	26,504
Tax %	27%	27%	22%	26%	26%	27%	24%	26%	26%	25%	25%	26%	24%
Net Profit	13,265	14,205	16,695	16,884	14,330	9,164	20,698	17,035	18,331	16,891	18,643	19,160	20,160
EPS in Rs	14.86	15.92	18.71	18.92	16.06	10.27	23.19	19.09	20.54	18.93	20.89	21.47	21.84

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	–	–	–	–	–	–	–	–	–	–	–	–	–
Expenses	50,327	57,161	69,566	80,172	132,063	120,304	114,940	123,348	114,601	110,953	126,423	129,848	141,018
Operating Profit	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Income	18,553	22,576	27,845	35,461	44,601	36,775	45,221	43,496	40,564	36,616	51,682	61,683	72,515
Interest	87,069	97,382	106,803	113,658	145,646	154,520	159,239	154,441	154,750	187,263	255,255	295,524	306,466
Depreciation	1,334	1,116	1,700	2,293	2,919	3,212	3,304	3,318	3,249	3,297	3,352	3,529	0
Profit before tax	16,174	19,314	13,774	14,855	-15,528	1,607	25,063	27,541	43,422	67,206	81,783	95,271	99,773
Net Profit	10,891	13,102	9,951	10,484	-6,547	862	14,488	20,410	31,676	50,232	61,077	70,901	74,854
EPS in Rs	14.59	17.55	12.82	13.15	-7.34	0.97	16.23	22.87	35.49	56.29	68.44	79.44	83.13
Dividend Payout %	21%	20%	20%	20%	0%	0%	0%	17%	20%	20%	20%	20%	–

Compounded Sales Growth

10 Years:12%

5 Years:12%

3 Years:19%

TTM:7%

Compounded Profit Growth

10 Years:18%

5 Years:37%

3 Years:31%

TTM:1%

Stock Price CAGR

10 Years:15%

5 Years:32%

3 Years:17%

1 Year:19%

Return on Equity

10 Years:10%

5 Years:15%

3 Years:17%

Last Year:17%

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	747	747	776	797	892	892	892	892	892	892	892	892	923
Reserves	117,536	127,692	143,498	187,489	218,236	220,021	231,115	252,983	279,196	326,716	376,354	440,270	517,136
Borrowings	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Liabilities	96,413	137,332	158,804	155,235	178,347	145,595	163,104	181,977	229,929	272,457	288,802	289,074	277,158
Total Liabilities	1,792,235	2,047,714	2,357,145	2,705,966	3,465,961	3,680,912	3,951,388	4,534,427	4,987,595	5,516,979	6,179,686	6,675,998	6,987,469
Fixed Assets	7,716	9,042	9,819	42,345	39,201	38,509	38,023	38,067	37,467	42,101	42,126	43,685	52,094
Gross Block	18,919.38	21,170.45	23,185.78	57,817.65	60,316.45	61,906.55	63,815.49	66,494.23	68,624.97	75,913.19	78,690.97	82,861.84	–
Accumulated Depreciation	11,202.92	12,128.65	13,366.62	15,472.66	21,115.74	23,397.60	25,792.09	28,426.82	31,157.49	33,812.46	36,564.60	39,177.14	–
CWIP	286	287	570	574	792	689	416	352	241	281	491	423	0
Investments	398,800	481,759	575,652	765,990	1,060,987	967,022	1,046,955	1,351,705	1,481,445	1,570,366	1,671,340	1,690,573	1,728,080
Other Assets	1,385,433	1,556,626	1,771,104	1,897,058	2,364,982	2,674,692	2,865,994	3,144,303	3,468,441	3,904,230	4,465,729	4,941,318	5,207,295
Total Assets	1,792,235	2,047,714	2,357,145	2,705,966	3,465,961	3,680,912	3,951,388	4,534,427	4,987,595	5,516,979	6,179,686	6,675,998	6,987,469

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	14,107	27,621	11,197	11,060	-85,425	34,628	25,688	89,866	58,415	-91,352	19,022	45,860
Cash from Investing Activity	-189	-3,126	-2,991	-4,776	101,061	-2,948	-433	-3,556	-1,724	-503	-2,264	-106
Cash from Financing Activity	3,811	-2,289	4,506	-1,780	4,291	-1,088	3,352	5,633	-5,178	5,202	-13,855	-16,327
Net Cash Flow	17,729	22,206	12,712	4,504	19,927	30,591	28,607	91,942	51,514	-86,653	2,902	29,428

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	–	–	–	–	–	–	–	–	–	–	–	–
Inventory Days	–	–	–	–	–	–	–	–	–	–	–	–
Days Payable	–	–	–	–	–	–	–	–	–	–	–	–
Cash Conversion Cycle	–	–	–	–	–	–	–	–	–	–	–	–
Working Capital Days	–	–	–	–	–	–	–	–	–	–	–	–
ROCE %	–	–	–	–	–	–	–	–	–	–	–	–

Shareholding Pattern
Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	57.50%	57.49%	57.47%	57.49%	57.49%	57.54%	57.54%	57.51%	57.43%	57.43%	57.42%	55.50%
FIIs	10.09%	9.89%	10.36%	10.72%	10.91%	11.09%	11.15%	10.71%	10.27%	9.94%	9.33%	9.57%
DIIs	25.36%	25.20%	24.83%	24.36%	24.15%	23.96%	23.61%	23.96%	24.79%	24.92%	25.54%	27.65%
Public	7.03%	7.40%	7.30%	7.41%	7.40%	7.37%	7.67%	7.67%	7.35%	7.54%	7.56%	7.13%