State Bank of India (SBI) share price was under pressure in Tuesday's morning trading session after the SBI Funds Management IPO opened for subscription on July 14, 2026.
The opening of SBI Funds Management's IPO has drawn investor attention as the listing could unlock substantial value for SBI, the majority shareholder in the asset management company.
As of July 14, 2026, at 10:05 AM, SBI share price was trading at ₹1,020.60 on the NSE, down 1.58%. The stock opened at ₹1,033.30 against the previous close of ₹1,037 and touched an intraday low of ₹1,019.20.
SBI Funds Management, which operates the SBI Mutual Fund business, is a joint venture between State Bank of India and Amundi. SBI holds a 61.86% stake in the company, while Amundi owns the remaining 38.14%.
According to the red herring prospectus (RHP), SBI acquired its stake at a weighted average cost of ₹0.15 per share, with a total investment of around ₹19 crore.
A successful listing could help unlock this value and improve investor sentiment towards the bank.
Apart from the IPO-related development, SBI also announced the completion of a USD 200 million Senior Unsecured Regulation-S Floating Rate Notes issuance.
The issuance is a tap of the bank's existing floating rate notes due 6 July 2029 (ISIN: XS3433781062), carrying a coupon of SOFR + 100 basis points per annum, payable quarterly in arrears.
The bonds will be issued through SBI's London Branch on 17 July 2026 and will be listed on India INX, GIFT City. The fundraising is expected to support the bank's overseas funding requirements.
SBI remained in focus on July 14, 2026, as the SBI Funds Management IPO opened for subscription and the bank completed a USD 200 million overseas bond tap. Further, SBI share price is likely to remain in focus as investors track the progress of the SBI Funds Management IPO and its eventual listing.
Investors interested in applying for IPOs can open a demat account to participate in public issues and hold allotted shares electronically.
Read stock market news in Hindi. Head to Angel One's share market news in Hindi for comprehensive coverage.
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: Jul 14, 2026, 10:27 AM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
