SBI Funds Management Plans $1.2 Billion IPO in First Half of 2026

As per the news reports, SBI Funds Management Ltd. is set to join India’s IPO wave, with plans to raise up to $1.2 billion through a public listing in the first half of 2026. 

Backed by State Bank of India and France’s Amundi SA, the asset management heavyweight seeks fresh valuations and broader market participation.

SBI Funds Management Eyes $12 Billion Valuation via IPO

India’s largest asset management company, SBI Funds Management, is preparing to launch a blockbuster IPO to raise as much as $1.2 billion. The IPO, expected in Mumbai during the first half of 2026, could value the company at approximately $12 billion. The move will involve the sale of a combined 10% stake by its existing shareholders, State Bank of India Ltd. and Amundi SA.

Ownership and Strategic Intent

SBI Funds is a joint venture between State Bank of India and Amundi SA. Both stakeholders are planning to offload a 10% joint stake through this initial offering. While specific timelines and mandates are yet to be finalised, preparations are underway to invite proposals from investment banks for managing the IPO process.

Read More: SBI General Insurance, Abakkus Acquires 1.6% Stake in IPO-Bound Park Hospital!

IPO Landscape in India Remains Strong

The Indian IPO market is bustling with activity. With almost $18 billion already raised this calendar year, it is inching closer to the 2024 high of $21 billion. High-profile listings, including Tata Capital’s $1.7 billion offering, have driven investor enthusiasm, providing a conducive backdrop for SBI Funds’ IPO plans in 2026.

Conclusion

SBI Funds Management’s planned $1.2 billion IPO represents a significant development in India’s growing mutual fund sector. Subject to final confirmation and regulatory clearances, the public listing aims to tap into India’s robust equity markets, potentially setting a new benchmark for the asset management industry.

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