SBI Mutual Fund Kicks Off IPO Process, Seeking Merchant Bankers

Written by: Team Angel OneUpdated on: 11 Dec 2025, 7:25 pm IST

SBI Mutual Fund has begun appointing merchant bankers as it moves ahead with its planned IPO within a 12-month timeline.

SBI Mutual Fund has started the formal steps required for its planned Initial Public Offering (IPO), beginning with the appointment of merchant bankers and other service providers, as per PTI report.

SBI Chairman C S Setty told PTI that the boards of SBI, Amundi, and SBI Funds Management Ltd (SBIFML) have cleared a 12-month timeline for the process.

Details of the Proposed Share Sale

The IPO will be structured as an offer for sale. SBI plans to offload 3,20,60,000 equity shares, equal to 6.3007% of SBIFML’s equity.

Amundi India Holding will sell 1,88,30,000 shares, amounting to 3.7006%. Together, the promoters will offer 5,08,90,000 shares, representing 10.0013% of the company.

Company Structure and Scale

SBIFML is jointly owned by SBI, which holds 61.98%, and Paris-based Amundi, which holds 36.40%.

As of September 2025, the fund house managed assets of around ₹12 lakh crore. Its Quarterly Average AUM for Q2 FY26 stood at ₹11.99 lakh crore, giving it a 15.55% market share. The company also oversaw ₹16.32 lakh crore under alternate funds.

SBI Mutual Fund Overview

SBI Mutual Fund was established in 1987 as India’s first mutual fund outside the UTI system. SBI Funds Management Limited was set up in 1992 as a wholly owned subsidiary of SBI to manage the fund’s schemes. The fund house currently operates across a range of investment categories.

Conclusion

With board approvals completed, SBI Mutual Fund has moved into the active phase of its IPO preparation, beginning with the selection of merchant bankers.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Dec 11, 2025, 1:55 PM IST

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