The Hindu·3 min read·medium
India's SBI Funds Management files IPO prospectus; issue to open on July 14
R
Reuters
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State Bank of India has filed a prospectus for the IPO of its asset management arm, SBI Funds Management, with the share sale scheduled to open on July 14. The offering represents a 10% stake in the company and has already attracted interest from major sovereign wealth funds.
State Bank of India said, on Wednesday (July 8, 2026), its asset management joint venture, SBI Funds Management, filed a red herring prospectus for its Initial Public Offering (IPO), and the share sale was set to open for public subscription on July 14.
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